CyberArk Surprises Wall Street With Q2 Financials—in a Good Way
At market close today, CyberArk (Nasdaq: CYBR) dropped its Q2 financial results, beating expectations all around. The firm reported revenue of $36.4 million and non-GAAP net income of $0.09 per share, above analysts’ consensus estimates of $32.38 million and $0.06 earnings per share, respectively. Second quarter revenue was up 70 percent year over year, and—at $22.3 million—license revenue was up 100 percent year-over-year. In after-hours trading, CyberArk’s stock price was up marginally (1 percent) to $59.52. The cybersecurity specialist—which just went public mid-September—also posted better-than-expected results for the first-quarter of 2015.
In conjunction with releasing these results, CyberArk announced that it has acquired Cybertinel Ltd. an Israel-based cyber security company with roughly 20 employees that specializes in cyber threat detection technology. The terms of the deal weren’t disclosed, and the company doesn’t expect it to have an impact on its third quarter or full year financial results. – Rebecca Strong
Mayor Walsh Files Ordinance to to Address the Hazardous Operation & storage of Recreational Vehicles
Mayor Marty Walsh filed an ordinance with the Boston City Council on Tuesday that prohibits a person from engaging in hazardous operation of all-terrain vehicles, off-highway motorcycles, dirt bikes, recreation utility vehicles and more upon any public space in the City of Boston.
According to the City of Boston, "Prohibited stunt or truck riding includes, but is not limited to, riding with the front, side or rear wheels raised from the surface of the road or ground, riding with a passenger's feet or knees planted on the seat, and operating a vehicle with a passenger riding on the handle bars." – Nick DeLuca
New Money: These Local Companies Raised Millions This Week
Toast's funding was recently disclosed in an SEC Form D filing. According to the paperwork, the nearly $3 million raised thus far came from five unnamed investors, and could reach up to $15 million. Toast claims it has brought on 1,000 customers over the past two years. About a month ago, the company surpassed 100 employees, and it recently moved from Cambridge into a larger office at the Landmark Center in the Fenway neighborhood to accommodate that growth. >>> Read more on BostInno – Rebecca Strong
This Sleek Couch Assembles in Less Than 5 Minutes & Costs Just $450
Greycork has addressed a number of pain points in this collection. Furniture shopping is tireless and frustrating, often requiring multiple trips and endless sales pitches. When you do find something you like, you'll need to pick it up or pay a delivery charge. And that's on top of the couple thousand dollars you're likely forking over already. But not to worry: You'll have plenty of time to stew on the injustices of it all while you toil putting the damn thing together. >>> Read more on BostInno – Alex Weaver
This Kickass Cookbook Will Have Anybody Craving a Night In
Chef Avi Shemtov, who owns and operates the Boston-based food truck The Chubby Chickpea, has written a cookbook to save us all from box dinners and a lack of creativity in the food department. It's called The Single Guy Cookbook , but if there's one thing he wants to make clear, it's that this isn't just for dudes. >>> Read more on BostInno – Collin Spinney
A Massachusetts Company Won an NFL-Backed Grant Challenge
Quanterix, a Lexington-based company, could play a defining role in the future of early detection of concussions. Using the company's exclusive patent on a technology called Singular Molecule Array (Simoa), it's developing ways to identify and accurately diagnose traumatic brain injuries more quickly than ever before. The ramifications are clearly enormous for football and the NFL, given that sideline concussion tests are fundamentally flawed in their current form. >>> Read more on BostInno – Hayden Bird
Let's Keep 200 Clarendon Named After John Hancock
I couldn't help but find parallels between the the conception of the John Hancock Tower itself with the conception of the city in which it lies. To me, keeping its name is more than just branding. It's a reflection of Boston's, and the country's, ability to adapt, overcome and persevere. And let's not fool ourselves into thinking the name John Hancock is representative only of the building's flagship tenant. >>> Read more on BostInno – Nick DeLuca
