CyberArk Software (CYBR) Tops Q2 EPS by 14c; Issues Mixed Outlook

CyberArk Software (NASDAQ: CYBR) reported Q2 EPS of $0.36, $0.14 better than the analyst estimate of $0.22. Revenue for the quarter came in at $77.7 million versus the consensus estimate of $72.91 million.

“CyberArk had a great second quarter,” said Udi Mokady, CyberArk Chairman and CEO. “We exceeded our guidance across all metrics. We posted strong revenue growth, profitability and operating cash flow. Our growth was driven by strong execution and robust demand from both new and existing customers across all geographies. We were thrilled to sign nearly 200 new logos in the second quarter bringing our total number of customers to more than 4,000, which demonstrates that we are still in the early innings of our market opportunity. In addition, the significant value our solution provides coupled with our unwavering commitment to customer satisfaction drove our add on business during the quarter. Given our strong execution in the first half of the year and our tremendous market opportunity, we are positioned well for the remainder of 2018.”

GUIDANCE:

CyberArk Software sees Q3 2018 EPS of $0.25-$0.28, versus the consensus of $0.30. CyberArk Software sees Q3 2018 revenue of $77.75-79.25 million, versus the consensus of $78.33 million.

CyberArk Software sees FY2018 EPS of $1.43-$1.50, versus the consensus of $1.35. CyberArk Software sees FY2018 revenue of $320-324 million, versus the consensus of $317.96 million.

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

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