CROWDSTRIKE HOLDINGS Reports Record Second Quarter Earnings for FY2024
September 1, 2023
🌥️Earnings Overview
CROWDSTRIKE ($NASDAQ:CRWD): The company experienced a 36.7% year-on-year growth in total revenue, reaching USD 731.6 million. Additionally, net income was reported to be USD 8.5 million, showing an impressive 117.2% increase from the same period the previous year.
Stock Price
On Wednesday, CROWDSTRIKE HOLDINGS reported record second quarter earnings for FY2024. Stock opened at $147.0 and closed at $149.2, up by 1.7% from the previous closing price of 146.7. The strong financial performance was attributed to CrowdStrike’s focus on expanding its customer base and broadening its product portfolio. With its growing presence in the market, CrowdStrike is well-positioned to continue building on its success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Crowdstrike Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 2.64k | -93.47 | -3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Crowdstrike Holdings. More…
| Operations | Investing | Financing |
| 1.06k | -308.77 | 91.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Crowdstrike Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.52k | 3.65k | 7.75 |
Key Ratios Snapshot
Some of the financial key ratios for Crowdstrike Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 59.3% | – | -1.7% |
| FCF Margin | ROE | ROA |
| 30.2% | -1.7% | -0.5% |
Analysis
At GoodWhale, we conducted an analysis of CROWDSTRIKE HOLDINGS‘ wellbeing. Based on our Risk Rating, CROWDSTRIKE HOLDINGS is a high risk investment in terms of financial and business aspects. We have identified 4 risk warnings in the income sheet, balance sheet, cashflow statement, and non-financial areas. Our report can help investors make informed decisions about their investments in this stock and will serve as a useful guide for understanding the company’s operations. If you would like to learn more about this analysis, please register on GoodWhale.com. Our report provides detailed information on CROWDSTRIKE HOLDINGS’ financial and operational health and highlights any areas of concern. With our data-driven approach, investors can feel confident that they are making well-informed decisions. More…
Peers
It is no secret that the competition between CrowdStrike Holdings Inc and its competitors is fierce. Zscaler Inc, SentinelOne Inc, Palo Alto Networks Inc are all battling it out for market share in the cybersecurity industry. While each company has its own unique strengths and weaknesses, CrowdStrike seems to be gaining ground on its competitors.
– Zscaler Inc ($NASDAQ:ZS)
Zscaler Inc is a publicly traded American internet security company headquartered in San Jose, California. Zscaler provides cloud security, network security, and cybersecurity services for enterprises, government organizations, and service providers around the world. The company was founded in 2007 by Jay Chaudhry and K.K. Mookhey.
Zscaler has a market cap of $19.36 billion as of 2022 and a return on equity of -37.32%. The company provides internet security services for enterprises, government organizations, and service providers around the world.
– SentinelOne Inc ($NYSE:S)
SentinelOne is a cyber security company that specializes in endpoint security. The company was founded in 2013 and is headquartered in Mountain View, California. As of 2022, SentinelOne has a market cap of $5.82B and a return on equity of -12.5%. The company’s primary product is a security platform that uses machine learning and artificial intelligence to protect endpoint devices from malware and other threats.
– Palo Alto Networks Inc ($NASDAQ:PANW)
Palo Alto Networks is a publicly traded cybersecurity company with a market capitalization of $47.44 billion as of April 2021. The company’s return on equity (ROE) for 2020 was -42.69%. Palo Alto Networks provides a platform for secure network connectivity and security and operates in three segments: Enterprise Security, Network Security, and Cloud Security. The company was founded in 2005 and is headquartered in Santa Clara, California.
Summary
CROWDSTRIKE HOLDINGS had a solid second quarter of 2023, with total revenue increasing 36.7% year-over-year to USD 731.6 million and net income rising 117.2%. This performance is a testament to the company’s strong fundamentals and growth prospects, making it an attractive option for investors. The company has seen impressive revenue growth over the last year, and with its focus on areas such as cybersecurity, cloud computing, and artificial intelligence, CROWDSTRIKE HOLDINGS is well-positioned for further success and is an attractive investment opportunity.
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