CRWD - CrowdStrike Stock is Trading Higher Wednesday: What's Going On? | Benzinga
CrowdStrike Holdings Inc (NASDAQ: CRWD) shares are trading higher Wednesday in the wake of the company's quarterly results. Several analysts also raised price targets following the print.
What Happened: CrowdStrike reported third-quarter financial results Tuesday after the close. The cybersecurity company said third-quarter revenue increased 35% year-over-year to $786 million, which beat the consensus estimate of $777.13 million, according to Benzinga Pro.
CrowdStrike reported quarterly earnings of 82 cents per share, which beat analyst estimates of 74 cents per share.
New ARR was $223 million and the company ended the quarter with ARR of more than $3 billion, up 35% year-over-year.
"CrowdStrike's ...