Zscaler and CrowdStrike, two cybersecurity companies, reported strong earnings and revenue for the first quarter. Zscaler's Q1 earnings exceeded estimates, with adjusted EPS of $0.67 and sales of $496.70M, and it forecasts Q2 adjusted EPS of $0.57-$0.58 and revenue of $505M-$507M. CrowdStrike beat expectations with Q3 earnings of $0.82 and sales of $786.00M, raising its outlook as subscriptions surged. Despite the positive performance, both companies experienced drops in their stock prices, possibly due to concerns over spending and billings outlook. Zscaler's higher quarterly expenses overshadowed its strong forecasts, while CrowdStrike's shares dropped slightly despite its positive earnings and outlook beats.
Crowdstrike $CRWD 3Q24 Earnings πͺπ» - Rev $786m +35% βοΈπ’ - GP $591m +40% βοΈ margin 75% +243 bps β - NG EBIT $176m +96% π margin 22% +690 bps β - NG Net Inc $199m +107% π margin 25% +880 bps β - OCF $274m +13% βοΈ margin 35% -701 bps βοΈπ΄ - FCF $239m +37% βοΈ margin 30% +44β¦ https://t.co/6KIEhATr4n
Crowdstrike $CRWD 3Q24 Earnings πͺπ» - Rev $786m +35% βοΈπ’ - GP $591m +40% βοΈ margin 75% +243 bps β - NG EBIT $176m +96% π margin 22% +690 bps β - NG Net Inc $199m +107% π margin 25% +880 bps β - OCF $274m +13% βοΈ margin 35% -701 bps βοΈπ΄ - FCF $239m +37% βοΈ margin 30% +44β¦
Splunk beats quarterly revenue estimates on robust cybersecurity demand https://t.co/qQhH0hGEr8 https://t.co/Ky4QHD8fhf
CrowdStrike forecasts strong Q4 revenue on resilient cybersecurity demand https://t.co/58v2jaPoL5 https://t.co/68cUTAcEys
Despite earnings and outlook beats, CrowdStrike shares drop slightly https://t.co/8bWf7TkPpF
CrowdStrike reports Q3 revenue up 35% YoY to $786M, vs. $777M est., ARR up 35% YoY to $3.15B, and net income of $26.7M, vs. a net loss of $55M a year ago (@emilybary / MarketWatch) https://t.co/Zpgi7eq5bu π« Subscribe: https://t.co/OyWeKSRpIM https://t.co/xhtryRyaAg
CrowdStrike Raises Outlook as Subscriptions Surge https://t.co/B4dqBeQoBG
$CRWD Crowdstrike beats. -1% AH https://t.co/41MLeZxS22
$CRWD | CrowdStrike Holdings Q3 Earnings: - EPS $0.82 (Est. $0.74) - Sales $786.00M (Est. $777.13M) https://t.co/Uy19OKxTaa
CrowdStrike $CRWD reports earnings today after the markets close, Wall ST is expecting numbers of EPS of $0.74 up 85% YoY Revenue of $777.4M up 33.8% YoY
Zscaler $ZS has seen strong FCF growth since over the past five years, rising 30x from $14.8M in fiscal Q1 '19 to $463M in fiscal Q1 '24. $ZS posted $225M in FCF in Q1, helped by strong collections from Q4 billings and a $20M upfront deal. https://t.co/ZbOOQq5XAv
Zscaler Had a Good Quarter. Why Analysts Arenβt Worried About Its Stock Fall. https://t.co/5sZUOPjkGr
Zscaler slides as billings outlook clouds Q1 earnings beat for cybersecurity group https://t.co/RBiVTFw6KP
Zscaler's higher quarterly expenses outshine strong forecasts https://t.co/b8ZSyL814O https://t.co/TCdDY7mGLQ
Zscaler shares drop over spending concerns despite solid earnings and outlook https://t.co/bFOxTzF1fx
Zscaler Stock Slides Despite Strong Earnings. Costs Could Be the Issue. https://t.co/zyOfFDJhci
$ZS | Zscaler Q1 Earnings: - Adj $0.67 (Est. $0.49) - Sales $496.70M (Est. $474.74M) - Sees Q2 Adj. EPS $0.57-$0.58 (Est. $0.51) - Sees Q2 Revenue $505M-$507M (Est. $496.67M) - Sees FY24 Adj. EPS $2.45-$2.48 (Est. $2.24) - Sees FY24 Revenue $2.09B-$2.10B (Est. $2.06B) https://t.co/YcaAWCwTXs