CrowdStrike Holdings (CRWD) PT Lowered to $285 at UBS
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CrowdStrike (CRWD) Stock Surges 11% After Another Fantastic Quarter and Strong Outlook, BTIG Upgrades to Buy
March 10, 2022 7:16 AM ESTShares of CrowdStrike (NASDAQ: CRWD) are up more than 11% in premarket trading Thursday after the company reported an upbeat revenue forecast for 2023.
The company reported Q4 adjusted EPS of 30c, topping the consensus estimates of 20c per share. Revenue was reported at $431 million, up from the consensus estimates of $410.5 million. Subscription revenue stood at $405.4 million, beating the estimated $386.7 million.
Professional services revenue came in at $25.6 million, beating the expected $24.6 million. Annual recurring revenue was reported at $1.73 billion, while the analysts were looking for $1.68 billion. Net new annual recurring revenue totaled $216.9 million, compared to the... More
