CrowdStrike Stock Rallies 15% On Q4 Earnings Report

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CrowdStrike Holdings Inc (CRWD) is trading up in extended hours on Tuesday after reporting better-than-expected earnings for its fiscal Q4.

CrowdStrike stock climbs on upbeat guidance

The stock is being rewarded also because CRWD issued encouraging guidance for the future. The cybersecurity technology company now forecasts its revenue to fall between $902.2 million and $905.8 million in Q4 on up to 90 cents of per-share earnings.

Analysts, in comparison, were at $899 million on 82 cents a share, respectively. Burt Podbere – the chief financial officer of CrowdStrike Holdings said in a press release today:

Our achievements in fiscal 2024 represent another high-water mark for CrowdStrike and we remain relentlessly focused on profitably scaling the business to $10 billion ARR and beyond.

The Nasdaq-listed firm ended its fourth quarter with $3.44 billion in annual recurring revenue (ARR) – up 34%. CRWD is now up roughly 40% versus the start of 2024.

CrowdStrike Q4 earnings snapshot

  • Earned $53.7 million that translates to 22 cents a share
  • Had $47.5 million loss (20 cents a share) a year ago
  • Adjusted EPS printed at 95 cents as per the earnings report
  • Revenue jumped 33% year-over-year to $845.3 million
  • Consensus was 82 cents a share on $840 million in revenue

CrowdStrike improved its subscription gross margin by 300 basis points to 78%, as per the quarterly report. CEO George Kurtz said on Tuesday:

Customers favor our single platform approach … CrowdStrike is cybersecurity’s consolidator of choice, innovator of choice, and platform of choice to stop breaches.

CrowdStrike to buy Flow Security

CrowdStrike Holdings also announced a cash and stock deal to buy Flow Security on Tuesday. What it’s paying for the said acquisition, however, is yet to be revealed. According to CEO Kurtz:

We’re expanding our cloud leadership by protecting data in all states as it flows through the cloud, and are redefining the future of data protection by securing data from code, to application, to device and cloud.

$CRWD doubled down on its partnership with Dell Technologies this morning as well. Wall Street currently has a consensus “buy” rating on CrowdStrike shares.

The $72 billion company based out of Austin, Texas does not pay a dividend yield, though.

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