A Look at Five Stocks Trending on Wednesday Following Latest Financial Results

Cyberark Software Ltd (NASDAQ:CYBR) is down by more than 6% after the company reported second-quarter EPS of $0.29, which topped estimates by $0.09, while revenue of $50.38 million was higher than the consensus estimate of $48.25 million. The company also provided revenue guidance in the range of $51.5 million to $52.5 million and net income guidance of $0.21 to $0.23 per share  for the third quarter, while for the full year, revenue is estimated between $210.5 million and $212.5 million and net income per share is expected between $1.03 and $1.07. Among the funds we track, 19 funds held shares of Cyberark Software Ltd (NASDAQ:CYBR) at the end of March.

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ViaSat, Inc. (NASDAQ:VSAT) is trending today on the back of its results for the first quarter of fiscal 2017. The company reported revenue of $363.13 million, versus $371.89 million expected by analysts, while EPS of $0.23 missed the estimates by $0.03. Across segments, the company’s Satellite Services revenue increased by 15.1% year-on-year to $152.4 million, while commercial networks revenue fell by 1.8% to $65.6 million. Revenue from Government Systems remained constant at $145.2 million. The number of residential subscribers served by ViaSat stood at 696,000 at the end of fiscal first quarter of 2017, up by an annual 2%. The number of investors followed by our team that held shares of ViaSat, Inc. (NASDAQ:VSAT) increased to 15 from nine during the first quarter.

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Fossil Inc (NASDAQ:FOSL) surprised the Street after the company posted second-quarter revenue of $685.4 million, above the consensus estimate of $671.86 million, while EPS of $0.12 topped estimates by $0.03. The company also announced a revision to its credit agreement which will provide more liquidity going forward. For the third quarter, Fossil Inc (NASDAQ:FOSL) expects sales to decline in the range of 6% to 2% and from 5% to 1.5% for the full year. Heading into the second quarter, 23 funds tracked by Insider Monkey were bullish on the company.

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