CyberArk Software Ltd. (CYBR)

[KingDMC]

CyberArk Announces Strong First Quarter 2015 Results

Source: Business Wire
First quarter total revenue of $32.9 million increases 89% year-over-year

First quarter license revenue of $20 million increases 119% year-over-year

CyberArk, (NASDAQ: CYBR), the company that protects organizations from cyber attacks that have made their way inside the network perimeter, today announced financial results for the first quarter ended March 31, 2015.

“CyberArk had an exceptional first quarter, exceeding our expectations across all financial metrics, and giving us the confidence to raise our full year guidance” said Udi Mokady, CyberArk CEO. “The increased demand and strong momentum that we built throughout 2014 continued into the first quarter. Privileged accounts are at the center of all serious security breaches, and companies are increasingly realizing that without CyberArk, they are very vulnerable to attacks. The investments we are making in our product suite and go-to-market are paying off, and we are well positioned to take advantage of the massive opportunity in front of us.”

Financial Highlights for the First Quarter Ended March 31, 2015

Revenue:

Total revenue was $32.9 million, up 89% year-over-year compared with the first quarter of 2014.
License revenue was $20.0 million, up 119% compared with the first quarter of 2014.
Maintenance and Professional Services revenue was $12.9 million, up 56% year-over-year.
Operating Income:

GAAP operating income was $7.5 million for the quarter, an increase compared to $0.2 million in the first quarter of 2014.
Non-GAAP operating income was $9.0 million for the quarter, an increase compared to $0.3 million in the first quarter of 2014.
Net Income:

GAAP net income was $4.2 million, an increase compared to GAAP net loss of ($1.2) million in the first quarter of 2014.
GAAP net income per share was $0.12, compared to GAAP net loss per share of ($0.35) in the first quarter of 2014, based on 34.8 and 7.1 million weighted average diluted shares, respectively.
Non-GAAP net income was $5.7 million, an increase compared to $0.3 million in the first quarter of 2014.
Non-GAAP net income per share was $0.16, compared to Non-GAAP net loss per share of ($0.14) in the first quarter of 2014, based on 34.8 and 7.1 million weighted average diluted shares, respectively.
The tables at the end of this press release include a reconciliation of GAAP to non-GAAP operating income and net income for the three months ended March 31, 2015 and 2014. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

Balance Sheet and Cash Flow:

As of March 31, 2015, CyberArk had $191.7 million in cash and cash equivalents and short-term deposits compared with $177.2 million as of December 31, 2014.
During the first quarter of 2015, the Company generated $14.9 million in cash flow from operations, an increase compared to $8.9 million in the first quarter of 2014.
Business Outlook

Based on information available as of May 7, 2015, CyberArk is issuing guidance for the second quarter and full year 2015 as indicated below.

Second Quarter 2015:

Total revenue is expected to be in the range of $31.5 million to $32.5 million which represents 48% to 52% year-over-year growth.
Non-GAAP operating income is expected to be in the range of $1.9 million to $2.8 million.
Non-GAAP net income per share is expected to be in the range of $0.04 to $0.06. This assumes 35.0 million weighted average diluted shares.
Full Year 2015:

Total revenue is expected to be in the range of $136.0 million to $138.0 million which represents 32% to 34% year-over-year growth.
Non-GAAP operating income is expected to be in the range of $18.7 million to $20.4 million.
Non-GAAP net income per share is expected to be in the range of $0.40 to $0.44. This assumes 35.3 million weighted average diluted shares.
Conference Call Information

CyberArk will host a conference call on Thursday, May 7, 2015 at 5:00 p.m. Eastern Time (ET) to discuss the company’s first quarter financial results and business outlook. To access this call, dial 888-466-4462 (domestic) or 719-457-2628 (international). The conference ID is 7521079. Additionally, a live webcast of the conference call will be available in the “Investor Relations” section of the Company’s web site at www.cyberark.com. Following the conference call, a replay will be available for one week at 877-870-5176 (U.S.) or 858-384-5517 (international). The replay pass code is 7521079. An archived webcast of this conference call will also be available in the “Investor Relations” section of the Company’s web site at www.cyberark.com.

[Denise Chanterelle]

Off the chart report. Very nice! eom

[KingDMC]

Getting Shorted down just like VDSI FETE QLYS. Oh well.

[KingDMC]

.12 vs .05 est. revs 32.9M!

[KingDMC]

Blowout earnings

[KingDMC]

$65 printing let's see if it holds

[Denise Chanterelle]

I'm fine with whatever. Long term; this goes up. eom

[TREND1]

NONE RIGHT NOW

[KingDMC]

What's your move here Trend?

[KingDMC]

VDSI, FEYE, QLYS all dropped after top and bottom beat and guidance raise...STILL, I think this sees $70 AH. If shorts get their way $50 is the downside AH. Place your bets people!!

[Denise Chanterelle]

Let's see how things unfold at close! eom

[KingDMC]

Buying opp ahead of ER. I'm up about 11 points or so I'm gonna hold thru earnings.

[Denise Chanterelle]

We have a shot for sure! eom

[KingDMC]

$70 today Denise!!??

[Denise Chanterelle]

We're getting it all back from yesterday! Aloha.

[Denise Chanterelle]

Aloha Crew: I liked today's comeback action. Let's see what Thursday brings. We also draw ever closer to CYBR exciting earning's report on May 7. Yay!

[KingDMC]

$62 looked good...

[Andrew21330]

Not sure if I should enter here..hmm

[Denise Chanterelle]

I say we close green today...eom

[KingDMC]

Break $70 and headed to $80

[Denise Chanterelle]

Aloha Crew: Are we ready to rumble this week?!! Let's do this. CYBR!

[Andrew21330]

Going to get in here as soon as the opportunity arises. Last er made a killing.

[Denise Chanterelle]

Well, CYBR is giving back today's gains. Too bad. eom

[KingDMC]

Yes indeed. I'll up my target accordingly! Not selling any shares. We definitely see $80...

[Denise Chanterelle]

The way CYBR is running, we may see $80 well before the May 7 ER! eom

[Denise Chanterelle]

CYBR is a behemoth! Love this stock. Aloha. eom

[KingDMC]

May get $80 on earnings of these keeps rising!

[KingDMC]

Glad you pulled the trigger and bought in. Only a handful of us holding here it seems.

[Denise Chanterelle]

Yes, quite exciting. I'm enjoying the ride up! eom

[KingDMC]

We'll be testing the 52 week high near future and go ballistic on up to $80-$90 come earnings. Oh boy...

[Denise Chanterelle]

Another lovely day here! Hope it holds. Aloha. eom

[KingDMC]

$64 PM

[TREND1]

If we can get past 64, 70 is possible.
trend is up. imho.

[KingDMC]

I was originally holding til $60 minimum as I posted before, but now I'm gonna hold for $70

[KingDMC]

Already retraced hard weeks ago. Could have bought in at $48-$49. Too late now...

[Denise Chanterelle]

CYBR! I love this company. So strong! eom

[TREND1]

Will buy CYBER ON A RETRACT

[TREND1]

I bought this company on 2/17/15
THE CHARTIST said to buy it
see http://investorshub.advfn.com/Palo-Alto-Networks-Com-PANW-25339/

[Denise Chanterelle]

You have to like what CYBR is doing. Mahalo for posting.

[TREND1]

see ALL 10 CYBER STOCKS IN PF FORMAT
http://investorshub.advfn.com/CYBER-29738/

[Denise Chanterelle]

LoL. Not that stock. eom

[TREND1]

CYBERARK SOFTWARE LTD. (NASDAQ:CYBR)
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1 Month : From Mar 2015 to Apr 2015
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CyberArk Software Ltd. (NASDAQ: CYBR), the company that protects organizations from cyber attacks that have made their way inside the network perimeter, today announced that it will report its first quarter 2015 financial results after the U.S. financial markets close on Thursday, May 7, 2015.

In conjunction with this announcement, CyberArk will host a conference call on Thursday, May 7, 2015 at 5:00 p.m. Eastern Time (ET) to discuss the company’s first quarter financial results and its business outlook. To access this call, dial 888-466-4462 (U.S.) or 719-457-2628 (international). The conference ID is 7521079. Additionally, a live webcast of the conference call will be available via the “Investor Relations” section of the company’s web site at www.cyberark.com.

Following the conference call, a replay will be available for one week at 877-870-5176 (U.S.) or 858-384-5517 (international). The replay pass code is 7521079. An archived webcast of the conference call will also be available in the “Investor Relations” section of the company’s web site at www.cyberark.com.

[TREND1]

Global cyberattacks surge in 2014


Apr 14 2015, 06:22 ET | By: Yoel Minkoff, SA News Editor


Cyberattacks and cybercrime against large companies – those with over 2,500 employees - rose 40% globally in 2014, according to Symantec's annual Internet Security Threat study published Tuesday.
Attacks on small- and medium-sized companies, which accounted for 60% of targeted attacks, increased 26% and 30%, respectively.
Despite the large hacks at Home Depot, JPMorgan, Staples and Sony, Symantec says the mining industry, which includes oil & gas, was the most-targeted sector last year.
Related tickers: FEYE, IMPV, FTNT, PFPT, HACK, CYBR, VDSI, CHKP, PANW, CUDA

[TREND1]

CYBR PF

[TREND1]

I see you sold some other stock and bought CYBR.
good move.

[Denise Chanterelle]

Aloha. Newbie here. Just bought in. eom

[Drill Baby]

I think trying to time this stock is a big mistake. Long-term cyber security is huge.

Trying to pick bottoms and tops is impossible, and over the long-term not a value adding activity.

[KingDMC]

$61! Time for me to sell half here.

[uhlmant]

Thanks KingDMC. I think you are correct. This appears to be following the GoPro lockup expiration game plan. GoPro surged on lockup expiration then 1 month later down 25%. I think there could be some short term pain for CYBR.

[KingDMC]

Lock up Exp was today i believe