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CrowdStrike Shares Rise On Earnings Beat

Sh🎐ares of the cybersecurity company are risꦰing on stronger-than-expected earnings, optimistic revenue forecast

CrowdStrike HQ

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Shares of cybersecurity company CrowdStrike (CRWD) are rising 5% in early trading Wednesday after the company posted earnings that topped analyst estiꩵmates and offered an optimistic revenue outlook.

CrowdStrike earnings for the fourth quarter rose 57% to $0.47 per share, compared to estimates of $0.43 per share. Revenue jumped 48% to $637.4 million, more than the $625 million analysts anticipated. A year ago, the cybersecurity firm earned $0.30 per share on revenue💦 of $431 million. 

For the current quarterꦡ ending in April, CrowdStrike forecast revenue of $676.5 million, topping estimates of $663 million as it seeks more business from small and mid-sized firms.

The cybersecurity firm uses 澳洲幸运5开奖号码历史查询:machine learning, a form of 澳洲幸运5开奖号码历史查询:artificial intelligence, in 🦄its products, which includes a specialized database to detect malware on laptops, mobile phones, and other devices that access corporate networks.

S🐷hares of CrowdStrike are up🌠 24% this year, and down 22% over the past year.

CrowdStrike (CRWD) YTD Return

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  1. CrowdStrike Holdings Inc. ""

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