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CyberArk Software Ltd. (CYBR) Sank To A New Low On Guidance Lowered

CyberArk Software Ltd. (CYBR) announced after the bell Thursday that it now expects to report second quarter revenues of $57 million to $57.5 million. Prior guidance had been for revenues of $61 million to $62 million. Non-GAAP operating income is now expected to be between $8.5 million and $8.9 million, compared to prior expectations of $10.9 million to $11.7 million.

CyberArk Software gapped open sharply lower Thursday, but traded in a range throughout the session. Shares finished with a loss of 8.32 at $42.68 on the highest volume of the year. The stock sank beneath support and set a new low for the year.

by RTTNews Staff Writer

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