ZS - CrowdStrike expected to beat and raise next 2 quarters: Wedbush
2023-11-28 08:46:51 ET
Channel checks for CrowdStrike were positive and showed an uptick in momentum with October quarter end checks 5% to 9% above plan versus the July quarter end which was 5% above plan.
"We were told that the company discounted less at the end of October than they did at the end of July or April and also the stopped invoicing a few days before the end of the quarter," the analysts said. "Add-on business was a more significant driver of new business compared to new logos."
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CrowdStrike expected to beat and raise next 2 quarters: Wedbush