CyberArk Software (CYBR) stock rose in after-hours trading Tuesday after the cybersecurity firm reported second-quarter profit that blew past estimates while revenue topped views.
XCyberArk said earnings were 36 cents a share, up 71% from a year ago, with revenue rising 35% to $77.7 million, topping views.
A year earlier, CyberArk earned 21 cents a share on sales of $57.4 million. Analysts expected CyberArk to report earnings of 24 cents on sales of $73 million for the period ended June 30.
CyberArk forecast September quarter profit below analyst estimates, with revenue in line.
In the September quarter, CyberArk said it expects profit in a range of 25 cents to 28 cents. Analysts had projected 30 cents. The company forecast revenue of $78.5 million at the midpoint of its forecast. Analysts had estimated $78.3 million.
Shares in the maker of computer security software climbed 1.2% to 62.50 in after-hours trading on the stock market today. Shares had popped 4.8% after the company released earnings.
Carbon Black (CBLK) stock, meanwhile, fell a fraction to 25.40 in late action.
Carbon Black reported a narrower-than-expected loss of 35 cents a share, with revenue rising 32% to $51 million. Analysts had projected a loss of 41 cents a share and revenue of $49 million.
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The post CyberArk Stock Rises As Earnings Blow Past Estimates, Revenue Beats appeared first on Investor's Business Daily.
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