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Here's What Key Metrics Tell Us About CyberArk (CYBR) Q1 Earnings
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CyberArk (CYBR - Free Report) reported $161.71 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 26.8%. EPS of -$0.17 for the same period compares to -$0.30 a year ago.
The reported revenue represents a surprise of -0.24% over the Zacks Consensus Estimate of $162.1 million. With the consensus EPS estimate being -$0.26, the EPS surprise was +34.62%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CyberArk performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Annual Recurring Revenue (ARR): $604 million compared to the $593.98 million average estimate based on four analysts.
Subscription Annual Recurring Revenue (ARR): $403 million versus the three-analyst average estimate of $384.38 million.
Maintenance Annual Recurring Revenue (ARR): $202 million compared to the $207.63 million average estimate based on three analysts.
Revenues- Maintenance and professional services: $65.10 million compared to the $64.97 million average estimate based on 10 analysts. The reported number represents a change of +0.1% year over year.
Revenues- Perpetual license: $3.88 million versus $7.90 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -63.2% change.
Revenues- Subcription: $92.72 million versus the 10-analyst average estimate of $89.35 million. The reported number represents a year-over-year change of +78.5%.
Shares of CyberArk have returned +3.6% over the past month versus the Zacks S&P 500 composite's +0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About CyberArk (CYBR) Q1 Earnings
CyberArk (CYBR - Free Report) reported $161.71 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 26.8%. EPS of -$0.17 for the same period compares to -$0.30 a year ago.
The reported revenue represents a surprise of -0.24% over the Zacks Consensus Estimate of $162.1 million. With the consensus EPS estimate being -$0.26, the EPS surprise was +34.62%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CyberArk performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Annual Recurring Revenue (ARR): $604 million compared to the $593.98 million average estimate based on four analysts.
- Subscription Annual Recurring Revenue (ARR): $403 million versus the three-analyst average estimate of $384.38 million.
- Maintenance Annual Recurring Revenue (ARR): $202 million compared to the $207.63 million average estimate based on three analysts.
- Revenues- Maintenance and professional services: $65.10 million compared to the $64.97 million average estimate based on 10 analysts. The reported number represents a change of +0.1% year over year.
- Revenues- Perpetual license: $3.88 million versus $7.90 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -63.2% change.
- Revenues- Subcription: $92.72 million versus the 10-analyst average estimate of $89.35 million. The reported number represents a year-over-year change of +78.5%.
View all Key Company Metrics for CyberArk here>>>Shares of CyberArk have returned +3.6% over the past month versus the Zacks S&P 500 composite's +0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.