$CRWD Crowdstrike $177 Breakout target
Earnings Highlights =
CrowdStrike (NASDAQ:CRWD) shares gain 11.3% AH after Q3 beats with 86% Y/Y revenue growth to $232.46M. Subscription revenue was up 87% to $213.5M.
ARR totaled $907M vs. the $853.8M consensus. Net new ARR was $117M.
CrowdStrike added 1,186 net new subscription customers during the quarter.
Customers with four or more modules increased 61% Y/Y, five or more modules increased 44%, and six or more by 22%.
"We continued to drive operating leverage and record unit economics. As a result of our strong execution in the quarter, we reduced GAAP operating loss year-over-year, achieved non-GAAP operating profitability for the third consecutive quarter and generated positive operating and free cash flow for the fifth consecutive quarter," says CFO Burt Podbere.
For Q4, CrowdStrike forecasts revenue of $245.5-250.5M (consensus: $231.4M), adjusted operating income of $18.5-22.1M, and EPS of $0.08-0.09 (consensus: $0.01).
For 2021, CRWD sees revenue of $855-860M, operating income of $46.4-50M, and EPS of $0.21-0.22.
Source Seeking Alpha