PETACH-TIKVA, Israel (AP) _ CyberArk Software Ltd. (CYBR) on Wednesday reported a first-quarter loss of $15.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Petach-Tikva, Israel-based company said it had a loss of 39 cents. Earnings, adjusted for one-time gains and costs, were 9 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The maker of software that detects attacks on privileged accounts posted revenue of $112.8 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $109.6 million.
For the current quarter ending in July, CyberArk expects its results to range from a loss of 11 cents per share to earnings of 6 cents per share.
The company said it expects revenue in the range of $111 million to $119 million for the fiscal second quarter.
CyberArk expects full-year earnings in the range of 39 cents to 64 cents per share, with revenue ranging from $484 million to $496 million.
CyberArk shares have dropped 16% since the beginning of the year. The stock has risen 38% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CYBR at https://www.zacks.com/ap/CYBR
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