Both FireEye Inc. (NASDAQ: FEYE) and CyberArk Software Ltd. (NASDAQ: CYBR) reported first-quarter financial results after the markets closed on Thursday. 24/7 Wall Street took highlights from each of the earnings reports and put them side by side so we can see which cybersecurity firm had the better quarter.

FireEye had a net loss of $0.47 per share on $168.0 million in revenue, versus consensus estimates from Thomson Reuters that called for a net loss of $0.50 per share on $171.82 million in revenue. The same period from the previous year had a net loss of $0.48 per share on $125.37 million in revenue.

Revenue for the first quarter posted an increase of 34% year over year. At the same time, billings totaled $186 million, an increase of 23%.

In terms of the outlook for the second quarter, FireEye expects to have a net loss per share in the range of $0.38 to $0.40 with revenues in the range of $178 million to $185 million. There are consensus estimates calling for a net loss of $0.36 per share on $192.75 million in revenue.

David DeWalt, Chairman and CEO of FireEye, commented:

Our first quarter billings exceeded the high end of our guidance range, driven by demand for our threat intelligence, cloud-based Email Threat Protection, and FireEye as a Service subscriptions. Our billings performance and customer metrics point to continued strength in our business as customer preference for cloud-based and cloud-enabled solutions grows. We expect this trend to continue as we extend our MVX detection engine to public and private clouds and introduce new software-only solutions like the FireEye Security Orchestrator and virtual MVX appliances. These platform expansions create incremental opportunities to deliver FireEye detection, investigation and remediation technologies to branch offices of our existing customers and to small and mid-sized enterprises.

Shares of FireEye closed Thursday down 1.3% at $15.98, with a consensus analyst price target of $24.85 and a 52-week trading range of $11.53 to $55.33. Following the release of the earnings report, the stock was initially down 7.7% at $14.75 in the after-hours trading session.

CyberArk reported $0.23 in earnings per share (EPS) on $46.9 million in revenue. That compares to consensus estimates of $0.16 in EPS on $43.38 million in revenue. The same period from the previous year had $0.16 in EPS on $32.94 million in revenue.

During this quarter, revenues grew by 43% from the same period last year. This breaks down into License revenues of $27.5 million, up 38% from last year and Maintenance and Professional Services revenue totaling $19.4 million, up 50%.

The guidance for the second quarter came in with expected EPS in the range of $0.18 to $0.20, while revenues are expected to be in the range of $47.5 million to $48.5 million. The consensus estimates are calling for $0.18 in EPS on $57.43 million in revenue.

Udi Mokady, CEO of CyberArk, commented:

Our top and bottom line outperformance in the first quarter was driven by solid execution and strong demand for privileged account security. The breadth of customers and partners turning to CyberArk to protect privileged accounts and credentials demonstrates that every organization regardless of size or vertical needs this critical new layer of security. We believe our disciplined investments will enable us to continue to extend our leadership position, capture share in this greenfield market and deliver profitable growth.

Shares of CyberArk closed Thursday up 1.6% at $40.38, with a consensus price target of $48.20 and a 52-week range of $31.50 to $76.35. Following the release of the earnings report, the stock was initially down 3.4% at $39.00 in the after-hours trading session.

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