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CrowdStrike Sees Strong Module Adoption, Valuation Concerns Persist: Analysts

Benzinga ·  01:48

CrowdStrike Holdings Inc(NASDAQ:CRWD) stock is trading lower Wednesday after the company reported third-quarter financial results.

On Tuesday, CrowdStrike reported third-quarter revenue of $1.01 billion, up 29%, beating the consensus estimate of $982.36 million. The company reported adjusted EPS of $0.93, beating analyst estimates of $0.81. Annual recurring revenue increased 27% to $4.02 billion.

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CrowdStrike expects fourth-quarter revenue of $1.029 billion—$1.035 billion, versus estimates of $1.03 billion. The company anticipates fourth-quarter adjusted EPS of $0.84—$0.86 versus estimates of $0.86.

CrowdStrike now expects full-year revenue of $3.924 billion—$3.931 billion, compared to estimates of...

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