Cybersecurity Firm CyberArk Software Stock Soars After Q4 Performance – Here’s Why

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CyberArk Software Ltd (NASDAQ:CYBR) stock gained after it reported fourth-quarter (Q4) revenue growth of 32% year-on-year to $223.1 million, beating the consensus of $209.7 million

The information security company posted an adjusted EPS of $0.81, which beat the consensus of $0.47.

Segments: Revenues from Subscriptions expanded 70% Y/Y to $150.3 million. Maintenance and professional services were $64.83 million vs. $66.1 million Y/Y.

Key Performance Indicators: Annual Recurring Revenue (ARR) increased 36% Y/Y to $774 million. The subscription portion …

Full story available on Benzinga.com