Why CyberArk Software Stock Popped 11% in November

Why CyberArk Software Stock Popped 11% in November

Shares of CyberArk Software Ltd. (NASDAQ: CYBR) jumped 11.1% in November, according to data provided by S&P Global Market Intelligence, after the cybersecurity company's third-quarter earnings report surpassed analysts' estimates for both CyberArk's top and bottom lines.

Revenue increased 18% year over year to $64.8 million, which was higher than Wall Street's expectations of $63 million. CyberArk also outpaced analysts' consensus earnings estimate of $0.19 per share and instead had non-GAAP earnings of $0.25 per share.

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Source: Fool.com