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| | Surprise - Reported Earnings History 0 | | | | | | --- | --- | --- | --- | --- | --- | | | Quarter Ending | Quarter Ending | Quarter Ending | Quarter Ending | Average Surprise | | | (4/2024) | (1/2024) | (10/2023) | (7/2023) | | | Reported | 0.93 | 0.95 | 0.82 | 0.74 | NA | | Estimate | 0.89 | 0.82 | 0.74 | 0.56 | NA | | Difference | 0.04 | 0.13 | 0.08 | 0.18 | 0.11 | | Surprise | 4.49% | 15.85% | 10.81% | 32.14% | 15.82% | Image Source: Zacks Investment Research Cyber security provider CrowdStrike (CRW ...

Financial Data and Key Metrics Changes - The company reported $3.7 billion in cash, indicating strong cash flow generation and effective management of resources [32] - The net retention rate (NRR) remained consistent, reflecting stable customer relationships and revenue growth [24] Business Line Data and Key Metrics Changes - The number of customers purchasing eight modules increased by 95% in the quarter, showcasing strong cross-selling capabilities [4] - The cloud business reached $400 million, indicating significant growth in this segment [8] Market Data and Key Metrics Changes - The company has successfully penetrated the SMB market while maintaining a strong presence in the enterprise sector, demonstrating versatility in its market approach [11][16] - The company has secured contracts with 15 of the top 20 banks globally, highlighting its strong foothold in the financial sector [14] Company Strategy and Development Direction - The company aims to reach $10 billion in annual recurring revenue (ARR) within five to seven years, focusing on innovation and market expansion [25] - The introduction of the Falcon Flex pricing model allows customers to access the entire product catalog, promoting higher adoption rates [22][23] Management's Comments on Operating Environment and Future Outlook - The management acknowledged the challenging macroeconomic environment but emphasized the company's ability to deliver strong results through effective execution [3][25] - The company is focused on leveraging its cash reserves for strategic acquisitions to enhance its technology offerings and market position [33] Other Important Information - The company has received IL-5 certification, positioning it well for federal contracts and expanding its government market opportunities [31] - The integration of Generative AI into the company's platform aims to enhance operational efficiency and customer service [49] Q&A Session Summary Question: How quickly can the company reinvest upside given the current momentum? - The company has front-loaded investments in headcount and go-to-market strategies to ensure productivity ramp-up for the second half of the year while maintaining a focus on profitable growth [51][52] Question: How does the company compete with free bundling from competitors? - The company emphasizes the value of its technology in stopping breaches and operational efficiency, arguing that the total cost of ownership is more important than initial pricing [26][29] Question: How is the company positioned in the federal cybersecurity market? - The company is making good progress in the federal market, with ongoing efforts to secure contracts and certifications to enhance its offerings [31] Question: What differentiates the company's identity protection from competitors? - The company focuses on protecting identities rather than creating or aggregating them, filling a critical gap in the identity management ecosystem [36] Question: How does the company differentiate its SIEM offering from incumbents? - The company has disrupted the SIEM market by offering cost-effective solutions with significantly faster search capabilities, making it an attractive alternative to legacy systems [38][40] Question: How does the company approach cloud security compared to other players? - The company offers a comprehensive suite of cloud security solutions, integrating various aspects of cloud protection that competitors may not provide [44] Question: What are the implications of AI and Generative AI for the company's business? - The company has been leveraging AI for years and is now integrating Generative AI to enhance customer interactions and operational efficiency, positioning itself as a leader in this space [49]

Company Participants CrowdStrike Holdings, Inc. (NASDAQ:CRWD) BofA Securities 2024 Global Technology Conference June 5, 2024 10:50 AM ET But you will. George Kurtz - CEO Conference Call Participants Tal Liani - BofA Securities Tal Liani We have a packed, packed day and George did us a favor and reported great results last night. So we have great topics to talk about. So with no further ado, I'd like to welcome George Kurtz, the CEO of CrowdStrike. George Kurtz All right. Thank you. I did it just for you. Ta ...

Cybersecurity stocks are fascinating because data breaches can happen to any anything with an internet connection. Malware, ransomware, and cloud intrusions all increased by sizable margins year-over-year. Factor in the proliferation of generative artificial intelligence (AI), and it's all but certain cybersecurity will be on the bleeding edge of the tech sector for years to come. Despite this widespread demand, First Trust NASDAQ Cybersecurity ETF (CIBR) is barely at its year-to- date breakeven point. But ...

Can CrowdStrike keep it going? In Q1, CrowdStrike generated revenue of $921 million, which was up 33% year over year and well ahead of guidance of $906 million. But it's not just Q1's growth that excites investors; it's also the outlook. CrowdStrike's management modestly raised its full-year revenue guidance to about $4 billion. This means that the company expects full-year revenue growth of roughly 31%. In other words, growth won't taper off much from Q1. Finally, CrowdStrike had record free cash flow (a m ...

CrowdStrike Holdings, Inc. NASDAQ: CRWD is among the top players in the cybersecurity sector, a tech industry subsector. CrowdStrike's earnings were released for the first quarter of fiscal year 2025, highlighting the company's strategic focus on platform consolidation and AI-powered solutions. These strategic initiatives are driving significant growth and solidifying CrowdStrike's position as a dominant force in the evolving cybersecurity landscape. Get CrowdStrike alerts: CrowdStrike's Earnings Reflect St ...

CrowdStrike Holdings, Inc.'s (CRWD) shares jumped 7% during Tuesday's extended trading session after the cloud-based cybersecurity solution provider reported better-than-expected first-quarter fiscal 2025 results. Both revenues and earnings witnessed a significant improvement on a year-over-year basis as well. CrowdStrike's fiscal first-quarter non-GAAP earnings increased to 93 cents per share from the year-ago quarter's 57 cents. Quarterly earnings also surpassed the Zacks Consensus Estimate of 89 cents an ...

CRWD is poised to snap a four-day losing streak today and sports a 24.3% year-to-date lead. The shares are poised for the best single-session pop since a March 6 post-earnings pop sent CRWD to a record high of $365.00. The stock is bouncing off a pullback to its 120-day moving average, which stepped up as support during last week's 10.8% drawdown. CRWD is attracting a mix of price-target cuts and hikes this morning, with Canaccord Genuity seeing strong top-line growth and lifting its price objective to $405 ...

Key Takeaways Amid the stock's expected earnings-driven rally on Wednesday, investors should monitor the $338 level, an area on the chart where the price may face selling pressure near the trading range's top trendline. A volume-backed breakout above this level would invalidate the bull trap signal and likely see the shares continue their longer- term uptrend. Shares in cybersecurity software maker CrowdStrike (CRWD) surged nearly 7% in Tuesday's extended-trading session after the company exceeded analysts' ...