CrowdStrike Analysts Boost Their Forecasts Following Strong Earnings

CrowdStrike Holdings, Inc. CRWD reported better-than-expected fourth-quarter earnings and revenues and issued upbeat guidance for FY25 on Tuesday.

CrowdStrike’s fourth-quarter revenue increased 33% year-over-year to $845.34 million, which beat the consensus estimate of $839.04 million, according to Benzinga Pro. The cybersecurity company reported quarterly earnings of 95 cents per share, which beat analyst estimates of 82 cents per share.

“Customers favor our single platform approach, standardizing on CrowdStrike for cloud security, identity protection, and LogScale next-gen SIEM solutions, together representing more than $850 million of ending ARR,” said George Kurtz, co-founder, president and CEO of CrowdStrike. “CrowdStrike is cybersecurity’s consolidator of choice, innovator of choice, and platform of choice to stop breaches.”

CrowdStrike sees first-quarter revenue in the range of $902.2 million to $905.8 million versus estimates of $899.29 million. The company expects fiscal year 2025 revenues to be between $3.925 billion and 3.989 billion versus estimates of $3.05 billion.

The company anticipates first-quarter adjusted earnings of 89 cents to 90 cents per share versus estimates of 82 cents per share. The company sees fiscal year 2025 earnings in the range of $3.77 to $3.97 per share versus estimates of $3.75 per share.

CrowdStrike shares fell 5.2% to close at $297.56 on Tuesday.

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

• Canaccord Genuity raised the price target on CrowdStrike from $300 to $400. Canaccord Genuity analyst Michael Walkley maintained a Buy rating.
• Guggenheim boosted the price target on CrowdStrike from $358 to $424. Guggenheim analyst John Difucci maintained a Buy rating.
• Wells Fargo increased the price target on CrowdStrike from $380 to $435. Wells Fargo analyst Andrew Nowinski maintained an Overweight rating.
• Jefferies raised the price target on CrowdStrike from $375 to $400. Jefferies analyst Joseph Gallo maintained a Buy rating.

Now Read This: Campbell Soup, Box And 3 Stocks To Watch Heading Into Wednesday