CyberArk Software Q1 Results Beat Market; Issues Q2, FY25 View; Stock Down In Pre-market - Update

(RTTNews) - Identity security firm CyberArk Software Ltd. (CYBR), while reporting higher first-quarter results above market estimates, on Tuesday issued earnings and revenue outlook for second quarter and fiscal 2025.

In the pre-market activity on the Nsadaq, CyberArk shares were losing around 3.2 percent to trade at $356.00.

For the second quarter, the company projects adjusted earnings in the range of $0.74 to $0.81 per share and total revenue in the range of $312.0 million and $318.0 million.

The Wall Street analysts on average expect the company to report earnings of $0.77 per share on revenues of $310.23 million. Analysts' estimates typically exclude special items.

For fiscal 2025, the company projects adjusted income in the range of $3.73 to $3.85 per share and total revenue in the range of $1.313 billion to $1.323 billion, representing growth of 31 percent to 32 percent from 2024.

Analysts estimate earnings of $3.68 per share on revenues of $1.32 billion for the year.

Annual Recurring Revenue or ARR as of December 31 is expected to be in the range of $1.410 billion to $1.420 billion, representing growth of 21 percent from last year.

In its first quarter, the company's earnings came in at $11.46 million or $0.22 per share, compared with $5.47 million or $0.13 per share last year.

Adjusted earnings were $50.29 million or $0.98 per share for the period, compared to $35.9 million or $0.75 per share in the same period last year.

Analysts had expected the company to earn $0.79 per share.

The company's revenue for the period rose 43.4 percent to $317.60 million from $221.55 million last year.The Street was looking for revenues of $305.58 million.

ARR was $1.215 billion, an increase of 50 percent from $811 million at March 31, 2024. Recurring revenue in the first quarter was $298.2 million, an increase of 45 percent from 2024.

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