From Nasdaq: 2024-06-03 09:13:00

CrowdStrike Holdings, Inc. (CRWD) is ready to reveal its first-quarter fiscal 2025 earnings on Jun 4, expected to showcase strong performance driven by high demand for cloud-based security solutions, boosting subscription revenues. The company’s impressive subscription revenue growth is likely to be a key contributor to its solid first-quarter results, reflecting the increasing need for robust cybersecurity solutions with more employees working remotely. CrowdStrike’s Falcon platform offers 10 cloud modules through a SaaS subscription model, positioning the company as a comprehensive security solutions provider. At the end of the fourth quarter of fiscal 2024, a significant portion of CrowdStrike’s subscription customers were adopting multiple cloud modules, indicating the value and effectiveness of its offerings. The subscription-based business model is expected to continue driving profitability in the first quarter, with a significant contribution to total revenues. Subscription revenues for the first quarter fiscal 2025 are estimated at $844.8 million, with a year-over-year improvement of 29.7%, along with a projected increase in non-GAAP gross margin to 78%. CrowdStrike currently holds a Zacks Rank #2 (Buy), with shares up 22.9% year to date. Other top-ranked stocks in the technology sector include NVIDIA (NVDA), Tyler Technologies (TYL), and Datadog (DDOG), each sporting a Zacks Rank #1 (Strong Buy) and showing significant growth potential. The Zacks Consensus Estimate for NVIDIA’s fiscal 2025 earnings indicates a substantial increase from the fiscal 2024 level, with robust growth potential in the long term. Tyler Technologies and Datadog also show solid growth prospects, with positive estimates for their respective earnings. Datadog’s shares have dropped 9.2% year to date despite an expected year-over-year increase in earnings. The Zacks Consensus Estimate for Datadog’s 2024 earnings projects strong growth on a year-over-year basis, indicating a positive outlook for the company. Stay informed about upcoming earnings announcements with the Zacks Earnings Calendar, showcasing valuable insights and analysis for investors. Get exclusive access to top stock picks and expert recommendations from Zacks Investment Research to make informed investment decisions and stay ahead in the market.



Read more at Nasdaq: Subscription Growth to Boost CrowdStrike’s (CRWD) Q1 Earnings