UPDATE: CrowdStrike Holdings (CRWD) PT Lowered to $225 as Morgan Stanley Sees Increasingly Crowded Market
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CrowdStrike (CRWD) Shares Edge Higher on Healthy ARR Growth, Analysts Positive but Lower PTs Given Recent Multiple Compression
December 2, 2021 7:44 AM ESTShares of CrowdStrike (NASDAQ: CRWD) are up nearly 2% in pre-open Thursday after the company reported better-than-expected Q3 results.
CrowdStrike reported Q3 EPS of $0.17 to beat the analyst estimate of $0.10. Revenue for the quarter came in at $380.1 million versus the consensus estimate of $363.48 million.
"CrowdStrike delivered a robust third quarter with broad-based strength across multiple areas of the business leading to net new ARR growth accelerating and ending ARR growing 67% year-over-year to surpass the $1.5 billion milestone. Our outstanding results this quarter... More
