Cybersecurity In Focus As Cyberark Tumbles, FireEye Ticks Higher
Shares of Cyberark Software Ltd (NASDAQ: CYBR) were trading lower by nearly 12 percent early Friday morning, while FireEye Inc (NASDAQ: FEYE)'s stock was higher by around 3 percent.
Cyberark Reports Q4 Beat, Weak Guidance
Cyberark reported its fourth quarter results on Thursday. The company earned $0.39 per share on revenue of $51.5 million. Wall Street analysts were expecting the company to earn $0.20 per share on revenue of $43.88 million.
License revenue rose 35 percent from a year ago to $33.0 million, while Maintenance and Professional Services revenue rose 55 percent to $18.4 million. GAAP net income for the quarter rose to $9.9 million from $6.7 million a year ago.
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CyberArk issued first quarter and full year fiscal 2016 guidance. The company expects to earn $0.15 to $0.16 per share in the first quarter on revenue of $42.5 million to $43.5 million and earn $0.83 to $0.86 per share for the full year on revenue of $205 million to $207 million.
Wall Street analysts were already estimating the company to earn $0.17 per share on revenue of $41.6 million in the first quarter and $0.91 per share for the full fiscal year on revenue of $202 million.
FireEye: Mixed Q4, 2016 Guidance Calls For Bigger Than Expected Losses
FireEye also reported its fourth quarter results on Thursday. The company lost $0.36 per share in the quarter on revenue of $184.8 million. Wall Street analysts were expecting the company to lose $0.37 per share on revenue of $185.3 million.
FireEye noted that its total billings for the quarter rose 21 percent from a year ago to $256.9 million. Net loss for the quarter rose to $136.1 million from $105.7 million a year ago.
The company also issued guidance and expects to lose $1.25 to $1.32 per share for the full fiscal year 2016 on revenue of $815 million to $845 million. Wall Street analysts were already estimating the company to lose $1.28 per share on revenue of $815.63 million.
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