$CRWD Crowdstrike Swings 15% afterhours
Entry level $58.71 - Traget price $66.32 Stop loss $56.65
Huge beat and raise for CRWD.
Earninsg Highlights
CrowdStrike Holdings (NASDAQ:CRWD) is down 2.3% after hours following a Q3 earnings report with a better-than-expected loss and raised guidance for the full year.
Revenue rose 88% overall (to 125.1M) and subscription revenue nearly doubled, hitting 114.2M.
Annual recurring revenue also rose 97%, to 501.7M.
Operating loss (non-GAAP) narrowed to 16.5M from a year-ago loss of 28.6M. Similarly, net loss shrank to 13.4M from a year-ago loss of 28.8M.
Cash from operations was 38.6M vs. a year-ago use of 3.6M; free cash flow was 7M, vs. the prior year's -13.1M.
For Q4, it's guiding to total revenue of 135.9M-138.6M (vs. consensus for 127.2M) and EPS of -$0.09 to -$0.08. (above consensus for -$0.11).
For the full year, it's raising expectations for revenues to 465.2M-468M (above expectations for 450.2M), and sees EPS of -$0.53 to -$0.52 (above consensus for -$0.63). Liquidity increased to 833.7M as of quarter's end.
Source seeking alpha
43% short interest could result in massive rally
Company profile
CrowdStrike Holdings, Inc. operates as a holding company. It provides cloud-delivered solution for next-generation endpoint protection that offers cloud modules on its Falcon platform through SaaS subscription-based model. The company was founded by George P. Kurtz and Dmitri Alperovitch on November 7, 2011 and is headquartered in Sunnyvale, CA.
Huge beat and raise for CRWD.
Earninsg Highlights
CrowdStrike Holdings (NASDAQ:CRWD) is down 2.3% after hours following a Q3 earnings report with a better-than-expected loss and raised guidance for the full year.
Revenue rose 88% overall (to 125.1M) and subscription revenue nearly doubled, hitting 114.2M.
Annual recurring revenue also rose 97%, to 501.7M.
Operating loss (non-GAAP) narrowed to 16.5M from a year-ago loss of 28.6M. Similarly, net loss shrank to 13.4M from a year-ago loss of 28.8M.
Cash from operations was 38.6M vs. a year-ago use of 3.6M; free cash flow was 7M, vs. the prior year's -13.1M.
For Q4, it's guiding to total revenue of 135.9M-138.6M (vs. consensus for 127.2M) and EPS of -$0.09 to -$0.08. (above consensus for -$0.11).
For the full year, it's raising expectations for revenues to 465.2M-468M (above expectations for 450.2M), and sees EPS of -$0.53 to -$0.52 (above consensus for -$0.63). Liquidity increased to 833.7M as of quarter's end.
Source seeking alpha
43% short interest could result in massive rally
Company profile
CrowdStrike Holdings, Inc. operates as a holding company. It provides cloud-delivered solution for next-generation endpoint protection that offers cloud modules on its Falcon platform through SaaS subscription-based model. The company was founded by George P. Kurtz and Dmitri Alperovitch on November 7, 2011 and is headquartered in Sunnyvale, CA.
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