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
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.