Why CyberArk Software Is Up More Than 7% Today

Shares of cybersecurity company CyberArk Software (NASDAQ: CYBR) are trading more than 7% above Wednesday's closing price as of early afternoon Thursday in response to a strong third-quarter report and encouraging fourth-quarter guidance.

For the quarter, CyberArk Software turned $121.6 million in revenue into an operating loss of $0.06 per share. The top line was an improvement from its year-ago revenues of $106.6 million, and while CyberArk swung from a non-GAAP profit of $0.31 per share in the prior-year period to a loss this time around, it did beat analysts' consensus estimate, which called for a loss of $0.07 per share. It also handily topped the consensus sales estimate of $119.8 million.

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Source Fool.com