CyberArk Shares Jump On Strong Earnings, Guidance

CyberArk Software Ltd. shares rallied late Thursday after the Israel-based computer security company blew past Wall Street estimates for its quarterly earnings and outlook. Shares of CyberArk surged 17% to $53.68 on heavy volume. The company reported adjusted fourth-quarter earnings of 21 cents a share on revenue of $36.3 million, when analysts were expecting 5 cents a share on revenue of $26.9 million. CyberArk forecast adjusted first-quarter earnings of 4 cents to 6 cents a share on revenue of $25.5 million to $26.5 million. Analysts had forecast a loss of 7 cents a share on revenue of $22.7 million.