CrowdStrike Shares Surge as Revenue Soars. Is It Too Late to Buy the Stock?

For its first quarter, CrowdStrike saw its revenue grow 33% to $921 million. That was well ahead of its earlier forecast for revenue of between $902.2 million to $905.8 million. Subscription revenue climbed 34% to $872.2 million. Its annual recurring revenue (ARR), which is the annualized value of its customer subscription contracts, rose 33% to $3.65 billion. Net new ARR in the quarter jumped 22% to $211.7 million. The company's adjusted earnings per share (EPS) surged from $0.57 a year ago to $0.93. It ha ...