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NEW YORK (TheStreet) -- Shares of CyberArk Software (CYBR) - Get CyberArk Software Ltd. Report were gaining 1.8% to $60 after-hours Tuesday after the information security firm beat analysts' estimates for earnings and revenue in the second quarter.

CyberArk reported earnings of 19 cents a share for the second quarter, beating analysts' estimates of 6 cents a share. Revenue grew 70.4% year over year to $36.37 million for the quarter, above analysts' estimates of $32.38 million.

"CyberArk had a strong second quarter and delivered results that again exceeded our guidance across all financial metrics," CEO Udi Mokady said in a statement. "Our business continues to be driven by the shift from tactical, compliance-driven projects to strategic approaches to implementing enterprise-wide privileged account security as privileged accounts remain at the epicenter of cyber attacks."

The company said it expects earnings of 11 cents to 13 cents a share and revenue of $36 million to $37 million for the third quarter. Analysts expect the company to report earnings of 8 cents a share and revenue of $34.28 million for the quarter.

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