CrowdStrike Q1 revenue rises 25.6% to $1.39 billion, beating estimates

Earnings
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Summary · why it matters

CrowdStrike reported first-quarter revenue of $1.39 billion, up 25.6% year on year and exceeding analyst expectations by 1.7%. The cybersecurity company also issued earnings per share guidance for the next quarter and full year that surpassed estimates. Among nine tracked cybersecurity stocks, the group posted a satisfactory quarter with aggregate revenue beating consensus by 1.6% and next-quarter guidance in line. Palo Alto Networks delivered the strongest performance with revenue of $3.00 billion, up 31.1% and beating estimates by 2%, while SentinelOne was the weakest, reporting revenue of $276.7 million, up 20.8% and in line with expectations, but missing billings and next-quarter EPS guidance significantly. Since reporting, CrowdStrike shares have risen 13.2% to $211.67, and the broader cybersecurity group has averaged a 50.5% share price gain.

Impact on stocks 5

Cybersecurity & Digital Trust± Mixed · 5 stocks
Crowdstrike Holdings Inc
CRWD
▲ PositiveCapitalrelevance

Revenue beat estimates and EPS guidance surpassed expectations, driving shares up 13.2%.

SentinelOne Inc
S
▼ NegativeCapitalrelevance

Weakest performer: revenue in line but missed billings and next-quarter EPS guidance significantly.

Theme Impact 2

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