CrowdStrike Q4 Earnings: Revenue Beat, EPS Beat, Strong Guidance, Flow Security Acquisition And More
Portfolio Pulse from Adam Eckert
CrowdStrike Holdings Inc (NASDAQ:CRWD) reported Q4 earnings with a 33% year-over-year revenue increase to $845.34 million, surpassing estimates. EPS was 95 cents, beating the 82 cents estimate. The company also provided strong guidance for Q1 and FY 2025, exceeding analyst expectations. Additionally, CrowdStrike announced the acquisition of Flow Security, aiming to expand its cloud security presence. Shares surged 18.50% after hours.
March 05, 2024 | 9:27 pm
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CrowdStrike reported strong Q4 earnings, beating revenue and EPS estimates, provided optimistic future guidance, and announced the acquisition of Flow Security.
The positive earnings report, coupled with strong future guidance and strategic acquisition, significantly boosts investor confidence in CrowdStrike's growth trajectory and market position, leading to a likely short-term increase in stock price.
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