Benzinga | May 5, 2021 11:37AM EDT

CyberArk Earlier Issued Q2 Guidance; Sees Adj. EPS $(0.11)-$0.06 vs $(0.07) Est., Sales $111M-$119M vs $115.37M Est.; Sees FY21 Adj. EPS $0.39-$0.64 vs $0.57 Est., Sales $484M-$496M vs $492.45M Est.

Annual Recurring Revenue (ARR):

* Annual Recurring Revenue (ARR) was $288 million, an increase of 41 percent from $205 million at March 31, 2020. Business Outlook Based on information available as of May 5, 2021, CyberArk is issuing guidance for the second quarter and updating its guidance for full year 2021 as indicated below. Second Quarter 2021: Total revenue between $111.0 million and $119.0 million. Non-GAAP operating income (loss) is expected to be in the range of an operating loss of $(3.5) million to operating income of $3.5 million. Non-GAAP net income (loss) per share is expected to be in the range of a net loss of $(0.11) per basic and diluted share to net income of $0.06 per diluted share. Assumes 39.6 million weighted average basic and diluted shares and 40.7 million weighted average diluted shares. Full Year 2021: Total revenue is expected to be in the range of $484.0 million to $496.0 million. Non-GAAP operating income is expected to be in the range of $20.0 million to $30.0 million. Non-GAAP net income per share is expected to be in the range of $0.39 to $0.64 per diluted share. Assumes 40.9 million weighted average diluted shares.