CyberArk Software (CYBR) Tops Q1 EPS by 7c; Guides Relativity In-Line

CyberArk Software (NASDAQ: CYBR) reported Q1 EPS of $0.23, $0.07 better than the analyst estimate of $0.16. Revenue for the quarter came in at $46.9 million versus the consensus estimate of $43.38 million.

“Our top and bottom line outperformance in the first quarter was driven by solid execution and strong demand for privileged account security,” said Udi Mokady, CyberArk CEO. “The breadth of customers and partners turning to CyberArk to protect privileged accounts and credentials demonstrates that every organization regardless of size or vertical needs this critical new layer of security. We believe our disciplined investments will enable us to continue to extend our leadership position, capture share in this greenfield market and deliver profitable growth.”

GUIDANCE:

CyberArk Software sees Q2 2016 EPS of $0.18-$0.20, versus the consensus of $0.18. CyberArk Software sees Q2 2016 revenue of $47.5-48.5 million, versus the consensus of $47.53 million.

CyberArk Software sees FY2016 EPS of $0.87-$0.91, versus the consensus of $0.87. CyberArk Software sees FY2016 revenue of $209-211 million, versus the consensus of $206.94 million.

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

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