CrowdStrike

CrowdStrike Holdings (CRWD) posted strong fiscal Q1 results and raised its fiscal year 2025 outlook despite “an increasingly mixed” software selling backdrop, RBC Capital Markets said Wednesday. The cybersecurity company reported late Tuesday that its fiscal Q1 adjusted earnings advanced to $0.93 a share from $0.57 a year earlier, while revenue jumped 33% to $921 million, both topping market estimates. The company now projects fiscal 2025 adjusted EPS at $3.93 to $4.03, up from its previous range of $3.77 to $3.97. It pegs revenue at $3.98 billion to $4.01 billion, compared with $3.92 billion to $3.99 billion previously estimated. “The company continues to see success in its broader platform with emerging products, and despite a choppier macro in the broader software landscape, continues to execute and consolidate cyber wallet share,” RBC said, adding that CrowdStrike exited the quarter with a record Q2 pipeline. The brokerage maintained its outperform rating and […]

CrowdStrike results defied a tough environment for enterprise software companies with the help of strong momentum, according to UBS analyst Roger Boyd. He says in a research note that the 1Q results, particularly net new annual recurring revenue growth that beat expectations, point to strong momentum in the company’s Falcon platform. CrowdStrike’s remaining performance obligations–defined as billed, deferred revenue and contracted, unbilled backlog–accelerated for the second straight quarter, suggesting an increase to contract duration, Boyd says. He says he’s keeping a close eye on net new annual recurring revenue and the company’s operating margins in 2Q. Shares rise 11% to $340.17.

CrowdStrike (CRWD) shares were up 7% in premarket activity on Wednesday after the company reported a stronger-than-expected jump in fiscal Q1 earnings as sales surged more than forecast and raised its fiscal 2025 guidance. The company reported fiscal Q1 non-GAAP earnings late Tuesday of $0.93 per diluted share, up from $0.57 a year ago. Analysts polled by Capital IQ expected $0.89. Revenue for the quarter ended April 30 was $921.0 million, up from $692.6 million a year earlier. Analysts surveyed by Capital IQ expected $904.8 million. The company said it expects Q2 non-GAAP EPS of $0.98 to $0.99 and revenue of $958.3 million to $961.2 million. Analysts polled by Capital IQ expect 0.91 and $956.3 million, respectively. The company said it now expects fiscal 2025 non-GAAP EPS to be between $3.93 and $4.03 and revenue to be between $3.98 billion and $4.01 billion. Its previous guidance was for non-GAAP EPS

By Ben Glickman CrowdStrike raised its full-year guidance after the company’s revenue rose sharply and topped expectations in the first quarter. The Austin, Texas-based cybersecurity software company reported a profit of $42.8 million, or 17 cents a share, in the quarter ended April 30, compared with a profit of $491,000, or less than 1 cent a share, a year earlier. Analysts polled by FactSet expected a per-share profit of 17 cents. Stripping out certain one-time items, the company posted an adjusted profit of 93 cents, greater than the 89 cents expected by analysts surveyed by FactSet. Revenue rose 33% to $921 million, beating the $904.6 million expected by analysts polled by FactSet. Ending annual recurring revenue was up 33% from a year earlier at $3.65 billion. CrowdStrike now expects revenue of $3.98 billion to $4.01 billion in fiscal 2025, compared with its previous outlook for $3.92 billion to $3.99 billion.

CrowdStrike Holdings Inc (NASDAQ:CRWD) reported financial results for the first quarter of fiscal 2025 after the market close on Tuesday. Here’s a look at the key details from the quarter. Q1 Earnings: CrowdStrike’s first-quarter 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 per share. Annual recurring revenue increased 33% year-over-year to $3.65 billion after the company added $211.7 million of net new ARR in the first quarter. Net cash generated from operations was $383.2 million and free cash flow came in at $322.5 million. The company ended the quarter with $3.7 billion in cash, equivalents and short-term investments. “CrowdStrike started the fiscal year from a position of momentum and exceptional strength, with net new ARR of $212 million growing 22% year-over-year and ending ARR growing 33% year-over-year to

Enterprise software companies have been flagging customers tightening the belt on deals, but that doesn’t seem to be weighing on CrowdStrike’s results. CFO Burt Podbere says on a call with analysts that the macro environment is still challenging, but he notes that the company has had larger platform deals, strong win rates and record pipeline levels for the year. Podbere says the company is sticking with prudent assumptions in guidance and says second-quarter guidance assumes year-on-year net new annual recurring revenue growth in the double digits to the low teens. Shares rise 6.8% to $326.24 after-hours.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Q1 2025 Earnings Conference Call June 4, 2024 5:00 PM ET Company Participants Maria Riley – Vice President of Investor Relations George Kurtz – President, Chief Executive Officer and Co-Founder Burt Podbere – Chief Financial Officer Conference Call Participants Andrew Nowinski – Wells Fargo Saket Kalia – Barclays Brian Essex – JPMorgan Tal Liani – Bank of America Hamza Fodderwala – Morgan Stanley Matthew Hedberg – RBC Capital Markets Fatima Boolani – Citi Gabriela Borges – Goldman Sachs Alex Henderson – Needham John DiFucci – Guggenheim Securities Operator Good day, everyone, and thank you for standing by. Welcome to CrowdStrike Fiscal First Quarter 2025 Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand it over

Macquarie analyst Frederick Havemeyer maintains CrowdStrike Holdings (NASDAQ:CRWD) with a Outperform and maintains $370 price target.

CrowdStrike Holdings (CRWD) and Zscaler (ZS) remain the “top cybersecurity picks” amid the “highly hostile threat landscape,” Macquarie said in a note Monday. The firm said that the fallout from the cyberattack against UnitedHealth Group’s (UNH) Change Healthcare unit in late February can still be felt. The cyberattack, which impacted more than 80% of hospitals in the US according to the note, prompted UnitedHealth to advance more than $2 billion to medical providers after restoring Change Healthcare’s electronic payments platform. Macquarie said it positively views the positioning of CrowdStrike and Zscaler “as core pillars of software-based zero-trust cybersecurity practices.” “We believe CrowdStrike’s best-of-breed endpoint security platform is ideally positioned to mitigate ransomware attacks, and we think Zscaler’s cloud-based network security solutions provide strong protection against attackers moving laterally within hybrid cloud environments,” the firm said.

Morgan Stanley analyst Hamza Fodderwala maintains CrowdStrike Holdings with a Overweight and raises the price target from $304 to $372.

CrowdStrike (CRWD.US) shares surged 23% in premarket activity on Wednesday after the company reported Q4 earnings that more than doubled from a year ago and the soaring revenue was ahead of the consensus. The company reported late Tuesday fiscal Q4 non-GAAP diluted earnings of $0.95 per share, up from $0.47 a year earlier. Analysts polled by Capital IQ expected $0.82. Revenue for the quarter ended Jan. 31 was $845.3 million, up from $637.4 million a year earlier. Analysts surveyed by Capital IQ expected $840.0 million. For fiscal Q1, the company expects non-GAAP diluted EPS of $0.89 to $0.90 on revenue of $902.2 million to $905.8 million. Analysts polled by Capital IQ expect $0.82 and $901.1 million, respectively. For fiscal 2025, it expects non-GAAP diluted EPS of $3.77 to $3.97 on revenue of $3.92 billion to $3.99 billion. Analysts in a Capital IQ survey are looking for $3.76 and $3.94 billion,

HSBC analyst Stephen Bersey maintains CrowdStrike Holdings with a Buy and raises the price target from $411 to $412.