CrowdStrike Holdings (CRWD) PT Lowered to $229 at MoffettNathanson

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Go back to CrowdStrike Holdings (CRWD) PT Lowered to $229 at MoffettNathanson

CrowdStrike (CRWD) plunges 20% after 'messy' and 'disappointing' results

November 30, 2022 5:45 AM EST

Shares of CrowdStrike (NASDAQ: CRWD) are trading about 20% down in pre-open Wednesday after the cybersecurity company delivered a disappointing earnings report.

CrowdStrike reported adjusted EPS of $0.40 on revenue of $580.9 million, beating the average analyst estimate of $0.32 on sales of $575.16M. Subscription revenue increased by 53% year-over-year to $547.4M, a minor beat compared to the consensus of $545.7M.

Annual recurring revenue (ARR) soared 54% to $2.34 billion, also ahead of the consensus. However, net new annual... More