CRWD - CrowdStrike Stock Is Soaring Wednesday: What's Going On? | Benzinga
CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are trading higher Wednesday on the heels of the company’s fourth-quarter financial results. Several analysts also lifted price targets following the print.
- Q4 Revenue: $845.34 million, beat estimates of $839.04 million
- Q4 EPS: 95 cents, beat estimates of 82 cents
Total revenues were up 33% on a year-over-year basis. Annual recurring revenue increased 34% year-over-year. Net cash generated from operations was $347 million. CrowdStrike also generated $283 million in free cash flow during the quarter.
The company ended the quarter with $3.47 billion in cash, equivalents and short-term investments.
“CrowdStrike is cybersecurity's consolidator of choice, innovator of choice, and platform of ...