More on CYBR

From Motley Fool contributor Leo Sun:

CyberArk goes beyond blocking or preventing external attacks by isolating internal threats that have breached a company’s initial layer of security. Its software locks down the affected network or computer and prevents it from spreading to other devices and stealing more data. CyberArk mainly focuses on protecting “privileged” accounts, which are frequently exploited by hackers to gain access to sensitive data.

Last quarter, CyberArk’s revenue rose 43.4% annually to $40.1 million and beat estimates by $2.95 million. Licensing revenue rose 49% annually to $24.8 million, while maintenance and services revenue rose 34% to $15.2 million. For the full year, CyberArk expects total revenues to rise 48% to 49% annually.

CyberArk finished the quarter with over 2,000 customers worldwide, including 40% of the Fortune 100 companies and 17 of the world’s top 20 banks.

Unlike FireEye, CyberArk is profitable in both GAAP and non-GAAP terms…

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  • Matt