Technology

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.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our target price to $406 from $360 on a P/S of 24.5x, above its three-year historical average on its competitive strength and annual recurring revenue (ARR) growth momentum even in a weaker economic climate, using our FY 25 (Jan.) revenue estimate of $3.97B. We lift our FY 25 EPS view to $3.95 from $3.68 and set FY 26’s at $4.94. CRWD reported Q4 revenue of $845.3M, above consensus by $5.34M, while non-GAAP EPS of $0.95 beat by $0.13. The company ended the year strong, adding $287M in net new ARR, up 27% Y/Y, driving Subscription sales and total revenue growth of 33%. We note impressive deal volumes, aided by multi-product new business lands, and displacements of next-generation vendors in significant transactions across a number of

The following is a summary of the CrowdStrike Holdings, Inc. (CRWD) Q4 2024 Earnings Call Transcript: Financial Performance: CrowdStrike reported a Q4 net new ARR of $282 million, a 27% year-over-year growth. Record GAAP profitability was achieved, with a record free cash flow reaching 33% of revenue. CrowdStrike reported a 34% and 36% growth in ending ARR and revenue respectively for the fiscal year. Operating income for the fiscal year grew by 86%, reaching $660.3 million or 22% of revenue. Gross margin increased by 282 basis points year-over-year to 78%, with total non-GAAP operating expenses at 53% of revenue. Q4 revenue grew to $845.3 million, a 33% increase. Business Progress: CrowdStrike has shown significant growth in its Falcon platform, closing record deal volumes and introducing flexible licensing models for customers. The company plans to continue expansion and development of its cybersecurity solutions, with successful launches and general availability of new