PETACH-TIKVA, Israel (AP) _ CyberArk Software Ltd. (CYBR) on Thursday reported a loss of $22.8 million in its second quarter.
The Petach-Tikva, Israel-based company said it had a loss of 58 cents per share. Earnings, adjusted for one-time gains and costs, were 1 cent per share.
The results missed 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 $117.2 million in the period, which topped Street forecasts. Eight analysts surveyed by Zacks expected $116.3 million.
For the current quarter ending in October, CyberArk expects its results to range from a loss of 19 cents per share to a loss of 2 cents per share.
The company said it expects revenue in the range of $116 million to $124 million for the fiscal third quarter.
CyberArk expects full-year earnings in the range of 1 cent to 26 cents per share, with revenue ranging from $484 million to $496 million.
CyberArk shares have fallen 16% since the beginning of the year. The stock has climbed 27% 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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