CROWDSTRIKE HOLDINGS Exceeds Expectations with Non-GAAP EPS of $0.57 and Revenue of $692.58M
June 20, 2023
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CROWDSTRIKE HOLDINGS ($NASDAQ:CRWD) is a cloud-based security software provider that develops threat protection for customers worldwide. The company recently announced its fourth quarter results, significantly exceeding market expectations. Non-GAAP Earnings Per Share was reported at $0.57, exceeding analyst estimates of $0.50.
Total revenue was reported to be $692.58M, significantly higher than the expected $676.23M. With strong demand for its services and high customer retention, the company is well-positioned to capitalize on the growing need for cloud-based security solutions in the future.
Earnings
CROWDSTRIKE HOLDINGS recently released its earnings report for FY2023 Q4 ending January 31 2023, and the results exceeded expectations. The company earned a total of $692.58M in revenue and lost $47.48M in net income. This represents an increase of 47.9% over the previous year. Over the last 3 years, the company has seen a total revenue growth from $264.93M to $637.37M.
These impressive figures are testament to CROWDSTRIKE HOLDINGS’ commitment to providing their customers with quality services and innovative solutions. The company is well-positioned to continue their success and further grow their market presence in the future.
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 |
| 2.45k | -151.23 | -6.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Crowdstrike Holdings. More…
| Operations | Investing | Financing |
| 1.03k | -429.68 | 80.78 |
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 |
| 5.14k | 3.5k | 6.77 |
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 |
| 63.1% | – | -4.2% |
| FCF Margin | ROE | ROA |
| 30.5% | -4.2% | -1.2% |
Price History
On Wednesday, CROWDSTRIKE HOLDINGS stock opened at $158.8 and closed at $160.1, up by 1.0% from prior closing price of 158.6. This increase in stock price was due to the company’s impressive financial report, which exceeded market expectations. Analysts have praised the company’s impressive revenue and earnings figures, and have revised their estimates accordingly. With no signs of slowing down, CROWDSTRIKE HOLDINGS looks set to continue its impressive performance in the near future. Live Quote…
Analysis
At GoodWhale, we specialize in the financial analysis of companies. We recently evaluated CROWDSTRIKE HOLDINGS and our Risk Rating indicated that this is a high-risk investment for its financial and business aspects. We identified four risk warnings in the income sheet, balance sheet, cashflow statement and non-financial aspects that investors should be aware of. To understand the full picture, we encourage investors to register on GoodWhale.com and explore our comprehensive analysis of CROWDSTRIKE HOLDINGS. Our platform provides a detailed report on the company’s risk profile, performance and financials. With GoodWhale, investors have access to the data and insights they need to make informed decisions about their investments. More…
Peers
It is no secret that the competition between CrowdStrike Holdings Inc and its competitors is fierce. Zscaler Inc, SentinelOne Inc, Palo Alto Networks Inc are all battling it out for market share in the cybersecurity industry. While each company has its own unique strengths and weaknesses, CrowdStrike seems to be gaining ground on its competitors.
– Zscaler Inc ($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
Non-GAAP EPS came in at $0.57, beating expectations of $0.50. The company’s results were driven by strong customer growth and an increase in average revenue per customer. Moving forward, the company expects to continue to benefit from strong demand for its cyber security solutions, as organizations continue to prioritize risk management and security protocols. Despite this short-term optimism, investors should consider the long-term trends in the industry before committing their funds.
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