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, respectively.
Additionally, CrowdStrike said it has agreed to acquire Flow Security to expand its cloud security service offering.
Financial terms weren’t disclosed, but the company said the transaction is mainly in cash, with a portion in equity subject to vesting conditions.
CrowdStrike expects to complete the acquisition during its fiscal Q1, subject to customary closing conditions.