CyberArk Software (CYBR) Stock Gains on Earnings Beat

NEW YORK (TheStreet) -- Shares of CyberArk Software (CYBR) were gaining 9.7% to $67.41 Friday after the software company beat analysts' estimates for earnings and revenue in the first quarter.

CyberArk reported earnings of 16 cents a share for the first quarter, above analysts' estimates of 5 cents a share for the quarter. Revenue grew 89.2% year-over-year to $32.9 million for the quarter, beating analysts' estimates of $26.7 million for the quarter.

Looking to the second quarter, CyberArk said it expects earnings of 4 cents to 6 cents a share and revenue of $31.5 million to $32.5 million. Analysts expect earnings of 4 cents and revenue of $30.1 million for the quarter.

CyberArk expects earnings of 40 cents to 44 cents and revenue of $136 million to $138 million for the full year 2015. Analysts expect the company to report earnings of 28 cents a share and revenue of $133.6 million for the full year.

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