CrowdStrike reported strong Q3 earnings, raised guidance, and saw shares rise 38.4% YTD.

From Nasdaq: 2024-11-27 09:49:00

CrowdStrike Holdings, Inc. (CRWD) reported non-GAAP earnings of 93 cents per share in Q3 of fiscal 2025, beating estimates by 14.8%. Revenues of $1.01 billion rose 29% YoY, surpassing expectations. With a strong performance, CRWD raised its fiscal 2025 guidance, driving shares up 38.4% YTD.

CRWD’s subscription revenues rose 31.3% to $962.74 million, while ARR reached $4.02 billion. Operating income increased by 11% to $194.9 million, driven by higher revenues. Cash and cash equivalents stood at $4.26 billion with long-term debt of $743.6 million.

For Q4 and FY25, CRWD expects revenues of $1.03 billion and $3.90 billion, respectively. Non-GAAP net income is forecasted to be $210.9-$215.8 million for Q4 and $937.5-$942.6 million for FY25. The consensus marks for revenues and earnings are $1.03 billion and $3.62 per share, respectively.

NVIDIA (NVDA), Amphenol (APH), and Celestica (CLS) are better-ranked stocks in the Computer & Technology sector. NVDA’s 2025 earnings forecast is $2.93 per share, while APH’s 2024 earnings forecast is $1.17 per share with a 58% YoY increase. CLS’s 2024 earnings forecast is $3.85 per share with a 58.4% YoY increase. NVDA shares have gained 176.5% YTD, APH shares 43%, and CLS shares 197.1%.



Read more at Nasdaq: CrowdStrike Q3 Earnings Beat: Will Strong Guidance Lift the Stock?