Cyberark Software Stomps Earnings; Rises 17% After-Hours

Cyberark Software Ltd CYBR gained sharply in the extended session Thursday after the company posted fourth-quarter revenue growth of 80 percent and offered an outlook for the current period above expectations.

The Israeli-based Cyberark changed hands recently at $53.49, up more than 17 percent.

The company, which offers technology to protect against cyber attacks, forecast first-quarter adjusted income of $0.04 to $0.06 a share, on revenue of of $25.5 million to $26.5 million.

Related Link: Cyberark Software Live Blog: Q4 Earnings Conference Call

Wall Street expects an adjusted first-quarter loss of $0.08 a share on revenue of $22.75 million.

For 2015, CyberArk predicted adjusted profit of $0.24 to $0.27 a share, on revenue of $127 million to $130 million.

That compares with a consensus expectation of $0.35 a share, on revenue of $93.5 million for 2015.

For the recent fourth quarter, net income grew to $6.66 million, or $0.19 a share, from $1.4 million, or $0.02 a share a year earlier.

Adjusted income equaled $0.21 a share, while revenue grew to $36.3 million from $20.1 million last year.

Analysts expected adjusted earnings of $0.05 a share, on revenue of $26.9 million for the fourth quarter.