Investing.com -- CyberArk Software (NASDAQ:CYBR) shares climbed about 2% in premarket trading Thursday, after the company reported better-than-anticipated results for the fourth quarter and delivered strong guidance. 

The information security firm posted earnings per share (EPS) of $0.80, exceeding analyst expectations of $0.72. Revenue for the period came in at $314.4 million, also above the consensus estimate of $301.2 million.

“2024 was a milestone year for CyberArk. Our record performance in the fourth quarter and the year reflects the strength of demand for our identity security solutions and the consistent execution of our strategy,” said Matt Cohen, CEO of CyberArk.

“Total ARR reached $1.169 billion, driven by organic ARR crossing $1 billion and the outperformance from Venafi. With our strong revenue growth and free cash flow margin, we returned to Rule of 40 on a full year basis – beating our long-term guidance framework by a full year," he added.

"We enter 2025 in a position of strength and we are set up to deliver durable growth.”

For the first quarter of 2025, CyberArk expects EPS between $0.74 and $0.81, compared to the consensus estimate of $0.77. The company projects first-quarter revenue between $301 million and $307 million, slightly above the consensus forecast of $300.8 million.

Looking ahead to the full year 2025, CyberArk forecasts EPS in the range of $3.55 to $3.70, aligning closely with the consensus estimate of $3.62. Full-year revenue is expected to range between $1.31 billion and $1.32 billion, above the consensus estimate of $1.3 billion.

The company also projects adjusted free cash flow between $300 million and $310 million for the year.

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