Crowdstrike Surges Afterhours On Earnings beat $crwdCrowdStrike Holdings Inc. shares skyrocketed in the extended session Thursday after the cybersecurity company’s results and outlook topped Wall Street estimates and coronavirus fears raise the need for more protective measures as millions of people work from home.
CrowdStrike CRWD, +8.05% shares soared more than 20% after hours, following an 8.1% rise in the regular session to close at $41.74.
The company expects an adjusted loss of 7 cents to 6 cents a share on revenue of $164.3 million to $167.6 million for the first quarter, and a loss of 14 cents to 10 cents a share on revenue of $723.3 million to $733.5 million for the year. Analysts had forecast a loss of 8 cents a share on revenue of $148.9 million for the first quarter, and a loss of 18 cents a share on revenue of $678.5 million for the year, according to FactSet.
“Looking into fiscal 2021 and beyond, the powerful combination of our cloud-native platform and frictionless go-to-market positions us well as the fundamental endpoint platform for the future,” CrowdStrike co-founder and Chief Executive George Kurtz said in a statement.
Source Marketwatch
