CrowdStrike Stock Pops After Beat-And-Raise Quarter

CrowdStrike stock is higher after the cybersecurity firm beat expectations for its first quarter and issued a strong outlook. Here's what you need to know.

red crowdstrike logo on smartphone with red background
(Image credit: Igor Golovniov/SOPA Images/LightRocket via Getty Images)

CrowdStrike Holdings (CRWD) stock is trading higher Wednesday after the cybersecurity company beat top- and bottom-line expectations for its fiscal first quarter and lifted its full-year forecast.

In the three months ended April 30, CrowdStrike's revenue increased 33% year-over-year to $921 million and its earnings per share (EPS) were up 63.2% from the year prior to 93 cents. CRWD also said its free cash flow jumped 41.8% year-over-year to $322.5 million, representing 35% of revenue.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.