CrowdStrike's Q1 earnings exceeded expectations, with $921m revenue and 33% ARR growth, but stock slid post muted guidance.
CrowdStrike Holdings Inc. reported Q1 earnings that beat analyst expectations, with revenue of $921m and adjusted EPS of 93 cents. The cybersecurity firm's ARR increased 33% YoY to $3.65bn. Despite this, the company's stock slid after issuing muted guidance for the current quarter. CrowdStrike's shares have more than doubled over the past year, making them more expensive than most of its rivals.
June 04, 2024
6 Articles