Why CrowdStrike Stock Jumped Today
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 ...