CRWD Jul 2024 220.000 put
- Yahoo Finance Video
CrowdStrike earnings top estimates, raises full-year guidance
CrowdStrike Holdings (CRWD) reported first quarter results that topped analyst estimates on both the top and bottom lines. Adjusted earnings per share of $0.93 topped analyst estimates of $0.90. Revenue of $921.0 million was better than the $904.7 million estimate. The cybersecurity company raised its full-year earnings and revenue guidance. It also issued better-than-expected second quarter guidance. For Q2, CrowdStrike sees adjusted earnings per share of $0.98 to $0.99 versus the $0.91 estimate. It expects to report revenue in a range of $958.3 million to $961.2 million compared to the $954.6 million estimate. Yahoo Finance's Julie Hyman and Josh Lipton break down the company's Q1 results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
- Investor's Business Daily
Dow Jones Futures Await Key Economic Data; Elon Musk Diverts AI Chips From Tesla; Nvidia Lacks Coattails
The market was mixed ahead of key economic data. Elon Musk reportedly diverted Nvidia AI chips from Tesla to X and xAI.
- Reuters
CrowdStrike forecasts upbeat second-quarter revenue on robust demand for cybersecurity solutions
As enterprises have ramped up cybersecurity investments to protect against rising online threats and AI-driven cyber attacks, CrowdStrike has been able to promote its unified platform of security services. CrowdStrike now expects revenue in the range of $958.3 million and $961.2 million for the second quarter ending July 31, compared with analysts' average estimates of $954.4 million, according to LSEG data. The company also raised its full-year 2025 forecast, now seeing revenue in the range of $3.98 billion and $4.01 billion, compared with its previous forecast of $3.92 billion and $3.99 billion.
