CyberArk Software Earnings: CYBR Beats Estimates for Q1

CYBR beat EPS and revenue estimates for Q1

The CyberArk Software earnings report for the first quarter of 2019 is out.

CyberArk Software Earnings: CYBR Beats Estimates for Q1CyberArk Software starts off its earnings report for the first quarter of the year with earnings per share of 56 cents. This is an increase over the company’s earnings per share of 32 cents from the same period of the year prior. It also beat out Wall Street’s earnings per share estimate of 41 cents for the quarter.

The CyberArk Software earnings report for the first quarter of 2019 also includes net income of $13.70 million. This is is better than the company’s net income of $6.40 million reported in the first quarter of 2018.

Operating income reported by CyberArk Software for the first quarter of the year comes in at $13.60 million. That’s up from the company’s operating income of $4.0 million reported during the same time last year.

CyberArk Software earnings for the first quarter of 2019 have revenue coming in at $95.90 million. This is a 34% increase over the company’s revenue from the same quarter in 2018. It also comes in above analysts’ revenue estimate of $92.40 million for the period.

The CyberArk Software earnings report also includes its outlook for 2019. The company is expecting earnings per share between $2.10 and $2.16 on revenue ranging from $415.0 million and $419.0 million. Wall Street is looking for earnings per share and revenue of $2.00 and $414.76 million for 2019.

CYBR stock peaked with a 7% increase on Tuesday morning, but is now only up 1% as of noon Tuesday.

As of this writing, William White did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2019/05/cyberark-software-earnings-for-q1/.

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