CrowdStrike Holdings Inc. announced a 4-for-1 stock split alongside strong quarterly results, with shareholders of record as of June 25 receiving three additional shares per share and split-adjusted trading expected to begin on July 2. The cybersecurity company reported revenue of $1.39 billion, up 26% year-over-year, and earnings per share of $1.10, a 51% increase, while raising its net new annual recurring revenue growth guidance for the current fiscal year by 520 basis points to 27.7%. The board also expanded the share buyback authorization by $500 million to approximately $1.5 billion, signaling confidence in future free cash flow. Although the split does not alter valuation, a lower post-split share price could attract additional retail investor demand, and the stock remains widely held by institutions with over 71% of shares owned by them.
Crowdstrike Holdings IncRevenue up 26%, EPS up 51%, raised guidance, expanded buyback authorization by $500M, and stock split signals confidence.