Identity security company CyberArk Software Ltd. (CYBR) reported Wednesday net income for the third quarter of $11.11 million, or $0.24 per share, compared to a net loss of $14.61 million or $0.35 per share in the prior-year quarter.
Excluding one-time items, adjusted earnings for the quarter was $0.94 per share, compared to $0.42 per share in the year-ago quarter.
On average, 31 analysts polled by Thomson Reuters expected the company to report earnings of $0.46 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter increased 26 percent to $240.10 million from $191.24 million in the same quarter last year. Analysts expected revenues of $234.04 million for the quarter.
Looking ahead to the fourth quarter, the company expects adjusted earnings in a range $0.65 to $0.75 per share on revenues between $297.0 million and $303.0 million. Analysts expect earnings of $0.55 per share on revenues of $259.61 million for the quarter.
For fiscal 2024, the company now projects adjusted earnings in a range $2.85 to $2.96 per share on revenues between $983.0 million and $989.0 million. The Street is looking for earnings of $2.31 per share on revenues of $941.48 million for the year.
Previously, the company expected adjusted earnings in the range $2.17 to $2.36 per share on revenues between $932.0 million and $942.0 million.
Separately, CyberArk announced that Josh Siegel is stepping down from his role as Chief Financial Officer, effective January 1, 2025. As part of a planned succession, Erica Smith, CyberArk's Deputy Chief Financial Officer, will become CFO and join the executive team at that time.
For comments and feedback contact: editorial@rttnews.com
Business News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.