These Analysts Revise Their Forecasts On CrowdStrike After Upbeat Results

CrowdStrike Holdings Inc CRWD reported better-than-expected financial results for the first quarter of fiscal 2025 and raised guidance for fiscal-year 2025 on Tuesday.

CrowdStrike’s first-quarter revenue increased 33% year-over-year to $921 million, beating the consensus estimate of $904.66 million. The cybersecurity company reported adjusted earnings of 93 cents per share, beating analyst estimates of 89 cents per share, according to data from Benzinga Pro.

"CrowdStrike started the fiscal year from a position of momentum and exceptional strength, with net new ARR of $212 million growing 22% year-over-year and ending ARR growing 33% year-over-year to reach $3.65 billion," said George Kurtz, co-founder, president and CEO of CrowdStrike.

CrowdStrike said it sees second-quarter revenue in the range of $958.3 million to $961.2 million versus estimates of $954.43 million. The company anticipates second-quarter adjusted earnings of 98 cents to 99 cents per share versus estimates of 91 cents per share.

CrowdStrike also raised guidance for fiscal-year 2025. The company anticipates total revenue of $3.976 billion to $4.011 billion versus estimates of $3.97 billion. The company now sees fiscal-year 2025 earnings in the range of $3.93 to $4.03 per share versus estimates of $3.91 per share.

CrowdStrike shares fell 1% to close at $305.58 on Tuesday.

These analysts made changes to their price targets on CrowdStrike after the company reported quarterly results.

• BTIG cut the price target on CrowdStrike from $432 to $402. BTIG analyst Gray Powell maintained a Buy rating.
• Rosenblatt increased CrowdStrike price target from $415 to $420. Rosenblatt analyst Catharine Trebnick maintained a Buy rating on the stock.
• Needham analyst Alex Henderson, meanwhile, reiterated CrowdStrike with a Buy and maintained a $425 price target.

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