CrowdStrike Stock Is Rising Wednesday: What's Going On?
Portfolio Pulse from Adam Eckert
CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are rising following strong Q1 results, with revenue and EPS beating estimates. The company also raised its guidance for Q2 and fiscal-year 2025, and announced new initiatives and recognitions.
June 05, 2024 | 1:17 pm
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CrowdStrike's Q1 results exceeded expectations with revenue of $921 million and EPS of 93 cents. The company raised its guidance for Q2 and fiscal-year 2025, and announced new initiatives and recognitions.
CrowdStrike's strong Q1 performance, raised guidance, and new initiatives are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100