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Major Takeaways from CyberArk's (CYBR) Q2 Earnings

CyberArk Software ( CYBR ) provides IT security solutions. The company protects its corporate clients from cyber-attacks.

Shares are down 3.55% from today's open, suggesting that investors were pessimistic going into today's earnings release.

Our earnings consensus hasn't moved in the last 90 days. It forecasted earnings of $0.04 for the second quarter.

The company has a Zacks Rank #3 (Hold). This rank hasn't seen any movement recently.

Earnings: CyberArk beat our Zacks consensus of $0.04 by a wide margin. The company posted earnings of $0.15 per share for the quarter. That's a beat of 275%.

Revenue: CYBR posted a beat on our revenues consensus of $32 million, and actually posted earnings of $36.4 million.

Key stats: CyberArk forecasts revenues to end up being between$36 and $37 million in the third quarter. Licensing revenues have shot up 100% since the same quarter last year. Revenues have increased by 70.47% since Q2 of last year. Revenue costs have increased 68.35% since the same quarter last year, so it is encouraging to see the gap between revenues and costs widening.

Stock Price: CYBR shares jumped up about 4% after the earnings release, but then spiked down and traded even lower than its closing price. Trading is still volatile for the stock in after hours.

Check back for our full analysis of CyberArk's earnings!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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