CrowdStrike Holdings. Post-Earnings Call to 600
Updated
CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas. It provides cloud workload and endpoint security, threat intelligence, and cyberattack response services.
CrowdStrike shares surged in late trading Tuesday after the security software company posted better-than-expected financial results for its fiscal fourth quarter ended Jan. 31. The company also offered guidance for both the April quarter and the January 2025 fiscal year that topped Wall Street estimates.
CrowdStrike was up 22% in after-hours trading following the results.
For the January quarter, CrowdStrike posted revenue of $845.3 million, up 33% from the year earlier quarter, beating Wall Street's consensus as tracked by FactSet of $839 million. Annual recurring revenue rose 34% from a year ago, to $3.44 billion.
On an adjusted basis, the company earned 95 cents a share in the quarter, well ahead of the Street consensus at 82 cents. Under generally accepted accounting principles, the company earned 22 cents.
For the April quarter, the company expects revenue of between $902.2 million and $905.8 million, with adjusted profits of 89 to 90 cents a share, ahead of Wall Street's consensus for $900 million in revenue and adjusted profits of 82 cents a share.
CrowdStrike projects revenue for the January 2025 fiscal year of $3.925 billion to $3.989 billion, with adjusted profits of $3.77 to $3.97 a share; Analysts have been calling for $3.938 billion in revenue and profits of $3.76 a share.
In a statement, CrowdStrike CEO George Kurtz said that "customers favor our single platform approach...CrowdStrike is cybersecurity's consolidator of choice, innovator of choice and platform of choice to stop breaches."
That statement appears aimed at rival Palo Alto Networks, which recently said it was " facing spending fatigue in cybersecurity."
Palo Alto is making an aggressive "platformization push," in some cases offering to give features away for free in the short-run to capture more customer IT spending budget in the long run.
Technical chart illustrates potential target can be in $500 - 600 range, that is 40 to 60 per cent above even post-earnings robust surge.
CrowdStrike shares surged in late trading Tuesday after the security software company posted better-than-expected financial results for its fiscal fourth quarter ended Jan. 31. The company also offered guidance for both the April quarter and the January 2025 fiscal year that topped Wall Street estimates.
CrowdStrike was up 22% in after-hours trading following the results.
For the January quarter, CrowdStrike posted revenue of $845.3 million, up 33% from the year earlier quarter, beating Wall Street's consensus as tracked by FactSet of $839 million. Annual recurring revenue rose 34% from a year ago, to $3.44 billion.
On an adjusted basis, the company earned 95 cents a share in the quarter, well ahead of the Street consensus at 82 cents. Under generally accepted accounting principles, the company earned 22 cents.
For the April quarter, the company expects revenue of between $902.2 million and $905.8 million, with adjusted profits of 89 to 90 cents a share, ahead of Wall Street's consensus for $900 million in revenue and adjusted profits of 82 cents a share.
CrowdStrike projects revenue for the January 2025 fiscal year of $3.925 billion to $3.989 billion, with adjusted profits of $3.77 to $3.97 a share; Analysts have been calling for $3.938 billion in revenue and profits of $3.76 a share.
In a statement, CrowdStrike CEO George Kurtz said that "customers favor our single platform approach...CrowdStrike is cybersecurity's consolidator of choice, innovator of choice and platform of choice to stop breaches."
That statement appears aimed at rival Palo Alto Networks, which recently said it was " facing spending fatigue in cybersecurity."
Palo Alto is making an aggressive "platformization push," in some cases offering to give features away for free in the short-run to capture more customer IT spending budget in the long run.
Technical chart illustrates potential target can be in $500 - 600 range, that is 40 to 60 per cent above even post-earnings robust surge.
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Jun 4, 2024👉 CrowdStrike Holdings Inc (CRWD) reported financial results for the first quarter of fiscal 2025 after the market close on Tuesday.
👉 CrowdStrike's Q1 revenue increased 33% year-over-year to $921 million, beating the consensus estimate of $904.66 million. The cybersecurity company reported adjusted earnings of 93 cents per share, beating analyst estimates of 89 cents.
👉 CrowdStrike stocks surge on Tue post-market, adding near +7%. The main strategy is the same, up to $600+ per share.
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Jun 8, 2024👉 CrowdStrike Holdings Inc. (CRWD), KKR & Co. Inc. (KKR) and GoDaddy Inc. (GDDY) will join the S&P 500 Index as part of its June quarterly rebalancing.
👉 The companies will replace Robert Half Inc., Comerica Inc., and Illumina Inc, according to a press release from S&P Dow Jones Indices Friday.
The changes are set to go into effect prior to the open of trading on Monday, June 24.
👉 CrowdStrike rose 9% in after-hours trading. The stock has more than doubled over the past year to become the second-best performer in the tech-heavy Nasdaq 100 Index (NDX), surpassed only by Nvidia Corp (NVDA).
👉 This is the second highlight idea I reviewed for in 2023-24 for single stock, that later was selected by S&P Dow Jones Indices, for inclusion in the S&P 500 index, after AI Banana-known stocks of SuperMicro Computers (SMCI).
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Jun 10, 2024👉 CrowdStrike Holdings Inc. (CRWD) stocks just hit new ATH at $380 per share, freshly minting +500% over the past 5 years, or nearly +43% on annual basis (CAGR).
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