Netskope stock jumped after the cybersecurity company beat expectations for the second quarter and forecast rising revenue.
The stock was up nearly 16% in after-hours trading after the report.
The company reported a loss of 3 cents a share and revenue of $220.5 million. Analysts expected a loss of 7 cents a share and revenue of $214.2 million.
Netskope sees third quarter revenue in a range of $227 million to $229 million and a third quarter loss off between 3 cents and 4 cents a share. Full year revenue is expected to be in a range of $888 million to $892 million. It sees a full year loss of 15 cents a share.
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