NEW YORK (TheStreet) -- Shares of Cyber-Ark Software  (CYBR) surged 17.66% to $39.65 in after-hours trading Wednesday after the information security company reported third-quarter earnings that smashed analysts' expectations.

The company posted adjusted income of $5.9 million for the quarter, up from $3.3 million in the same period one year earlier. Adjusted earnings totaled 20 cents a share, up from 12 cents a share in the third quarter last year. Revenue rose 66% year-over-year to $28 million.

Analysts had expected earnings of a penny a share on revenue of $20.89 million.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

For the fourth quarter, Cyber-Ark expects adjusted earnings in the range of 4 cents to 6 cents a share on revenue in the range of $26 million to $27 million. The consensus estimate calls for EPS of 2 cents on revenue of $25.13 million.

For the full year, the company expects adjusted earnings per share in the range of 29 cents to 31 cents on revenue of $92.7 million to $93.7 million. Analysts expect EPS of 13 cents on revenue of $84.84 million.

CYBR Chart CYBR data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

What the Government Shutdown Means for Retail

What the Government Shutdown Means for Retail

VW CEO: 'You Have to Compete, But You Also Need to be Smart'

VW CEO: 'You Have to Compete, But You Also Need to be Smart'

Progress Software's Shares Dive on Forecast of Weaker Revenue

Progress Software's Shares Dive on Forecast of Weaker Revenue

Keebler, Famous Amos' Sale Draws Hungry Bidders

Keebler, Famous Amos' Sale Draws Hungry Bidders

Investors Who Couldn't Wait to Dump Stocks Now Can't Buy Them Fast Enough

Investors Who Couldn't Wait to Dump Stocks Now Can't Buy Them Fast Enough