CrowdStrike delivered strong first-quarter earnings, reporting a 33% revenue growth. The company achieved a Net New Annual Recurring Revenue (ARR) increase of 22%, surpassing expectations. CrowdStrike also provided a path to $10 billion in ARR, potentially reaching this milestone in three years instead of five. The robust performance led to a premarket rise in shares by 11.4%. Analysts have revised their ratings, with Rosenblatt and RBC Capital raising their price targets to $420. The company's upbeat guidance and strong demand for cybersecurity solutions have bolstered investor confidence, contributing to the stock rally. CrowdStrike's performance is notable given the challenging conditions and the significant contribution from channel partners. Additionally, CrowdStrike did over 50% more in trailing twelve months (TTM) free cash flow (FCF) than SentinelOne did in TTM revenue.
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CrowdStrike proves it’s a software standout as stock soars after earnings https://t.co/fRmNGzu69b
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CrowdStrike Earnings Bring Cheer to Cybersecurity Stocks. It Might Be Bad News for Rivals. https://t.co/pXXDTxXvIu
MyPOV: @CrowdStrike delivers strong Q1 amid cybersecurity platform debate https://t.co/rvw8lwPTBC CrowdStrike delivered strong first quarter earnings with revenue growth of 33%. @constellationr #CRInsights @ldignan
CrowdStrike beat expectations during its latest quarter even amid challenging conditions with the help of channel partners, @CrowdStrike Co-founder and CEO @George_Kurtz said during the cybersecurity giant’s quarterly call with analysts Tuesday. $CRWD https://t.co/9dOcWD2LVT
.@CrowdStrike delivers strong Q1 amid cybersecurity platform debate https://t.co/mnfQM6HaBu CrowdStrike delivered strong first quarter earnings with revenue growth of 33%.
$CRWD CrowdStrike shares are trading higher after the company issued strong guidance. https://t.co/qLr1ZpmFr4
$CRWD | CrowdStrike Analyst Revisions & Ratings 👇 🔸 Rosenblatt: Raised to $420 from $400 - Buy 🔸 RBC Capital: Raised to $420 from $390 - Outperform 🔸 Canaccord Genuity: Raised to $405 from $400 - Buy 🔸 Oppenheimer: Raised to $400 from $355 - Outperform 🔸 BMO Capital: Cut… https://t.co/07ZDIeSj7E
$CRWD | CrowdStrike Analyst Revisions & Ratings 👇 $CRWD | CrowdStrike Analyst Revisions & Ratings 👇 🔸 Rosenblatt: Raised to $420 from $400 - Buy 🔸 RBC Capital: Raised to $420 from $390 - Outperform 🔸 Canaccord Genuity: Raised to $405 from $400 - Buy 🔸 Oppenheimer: Raised…
$CRWD (+11.4% pre) CrowdStrike forecasts upbeat second-quarter revenue on robust demand for cybersecurity solutions - Reuters https://t.co/9KJARGTETJ
CrowdStrike shares rise premarket after cybersecurity group lifts outlook https://t.co/kkUQg7hXgF https://t.co/6mLgNJpoPK
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Pretty wild that Crowdstrike and SentinelOne both have 31% YoY revenue growth as the high end of their guides, even though $CRWD did over 50% more in TTM FCF than $S did in TTM revenue. $CRWD doing $CRWD things...
$CRWD Growth at scale is pretty unique this quarter, and Crowdstrike delivered. Key takes from the call: - Net New ARR of +22% was the highlight for the quarter (vs. the Street expecting low teens). - Provided a path to $10bn in ARR (could be closer to 3 years vs. 5). Key… https://t.co/sxBpIki4lq
CrowdStrike’s strong stock rally set to sustain following upbeat earnings https://t.co/R51GJdsMmQ