CRWD - What's Going On With CrowdStrike Stock Today? | Benzinga
CrowdStrike Holdings Inc (NYSE: CRWD) shares are trading higher Thursday after the company reported better-than-expected financial results and raised guidance. Multiple analysts raised or maintained price targets well above current levels following the company's quarterly results.
What Happened: CrowdStrike said second-quarter revenue increased 37% year-over-year to $731.63 million, which beat analyst estimates of $724.13 million, according to Benzinga Pro. The cybersecurity company reported quarterly earnings of 74 cents per share, which beat estimates of 56 cents per share.
Ending annual recurring revenue grew 37% to $2.93 billion. Cash flow from operations came in at $245 million, while free cash flow totaled $189 million.
"CrowdStrike delivered ...