CROWDSTRIKE HOLDINGS Beats Earnings and Revenue Estimates by Wide Margins
November 29, 2023
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CROWDSTRIKE HOLDINGS ($NASDAQ:CRWD) is a cloud-based technology company that focuses on providing security solutions for businesses and organizations, such as endpoint protection, threat intelligence, analytics, and security operations. In its recent earnings report, CrowdStrike Holdings beat both earnings and revenue estimates by wide margins. Non-GAAP earnings per share for CrowdStrike was $0.82, surpassing the expected amount of $0.74 by $0.08.
Additionally, the company’s revenue of $786 million exceeded the forecast of $777.38 million by $8.62 million. This strong performance can be attributed to the success of its Falcon platform, which is a comprehensive endpoint security solution. The impressive earnings report has made investors even more bullish about the company’s future prospects. With the continued growth of the cloud security market, CrowdStrike is well-positioned to capitalize on this opportunity. Going forward, investors will be looking for further improvements in the company’s profitability and revenue growth.
Earnings
In its earning report of FY2024 Q2 as of July 31 2021, CROWDSTRIKE HOLDINGS reported total revenue of 337.69M USD, which beat analyst estimates by a wide margin. Net income for the quarter was -57.32M USD, another impressive performance compared to previous year which saw a 36.9% decrease in total revenue. Furthermore, over the past three years, CROWDSTRIKE HOLDINGS’s total revenue has nearly doubled from 337.69M USD to 731.63M USD. This is an excellent sign of growth and profitability for the company, and bodes well for their future success.
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% |
Price History
On Tuesday, CROWDSTRIKE HOLDINGS stock opened at $208.9 and closed at $212.4, up by 1.1% from prior closing price of 210.1. Analysts have praised the company’s growth, citing strong customer retention and an increase in demand for its security solutions. Live Quote…
Analysis
GoodWhale conducted an analysis of CROWDSTRIKE HOLDINGS‘ wellbeing. We found that with regard to its cashflows and debt, the company achieved an intermediate health score of 6 out of 10. This suggests that the company is likely to safely ride out any crisis without the risk of bankruptcy. CROWDSTRIKE HOLDINGS is classified as ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors that may be interested in such a company should look more closely at the stability of its revenue and profitability, as these are indicators of the underlying strength of the business. Our analysis revealed that CROWDSTRIKE HOLDINGS is strong in growth, medium in asset and weak in dividend, profitability. This means that it has been able to grow quickly, but it lacks stable cashflows and low debt which would be preferred by conservative investors. Investors who are comfortable with higher risk could look to invest in this company, as it presents potential for long-term growth. More…
Peers
It is no secret that the competition between CrowdStrike Holdings Inc and its competitors is fierce. Zscaler Inc, SentinelOne Inc, Palo Alto Networks Inc are all battling it out for market share in the cybersecurity industry. While each company has its own unique strengths and weaknesses, CrowdStrike seems to be gaining ground on its competitors.
– Zscaler Inc ($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, Inc. recently reported their fourth quarter earnings, and the results beat analysts’ expectations. This marked a new record for the company and indicates that investors have faith in its continuing success. With a strong fourth quarter, CrowdStrike is expected to have a very profitable year ahead.
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