CyberArk Software (CYBR) Tops Q1 EPS by 11c; Guides Above the Street

CyberArk Software (NASDAQ: CYBR) reported Q1 EPS of $0.16, $0.11 better than the analyst estimate of $0.05. Revenue for the quarter came in at $32.9 million versus the consensus estimate of $26.7 million.

CyberArk Software sees Q2 2015 EPS of $0.04-$0.06, versus the consensus of $0.04. CyberArk Software sees Q2 2015 revenue of $31.5-32.5 million, versus the consensus of $30.07 million.

CyberArk Software sees FY2015 EPS of $0.40-$0.44, versus the consensus of $0.28. CyberArk Software sees FY2015 revenue of $136-138 million, versus the consensus of $133.6 million.

CyberArk had an exceptional first quarter, exceeding our expectations across all financial metrics, and giving us the confidence to raise our full year guidance” said Udi Mokady, CyberArk CEO. “The increased demand and strong momentum that we built throughout 2014 continued into the first quarter. Privileged accounts are at the center of all serious security breaches, and companies are increasingly realizing that without CyberArk, they are very vulnerable to attacks. The investments we are making in our product suite and go-to-market are paying off, and we are well positioned to take advantage of the massive opportunity in front of us.”

For earnings history and earnings-related data on CyberArk Software (CYBR) click here.

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