Crowdstrike Holdings IncRevenue beat estimates and EPS guidance surpassed expectations, driving shares up 13.2%.
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.
Crowdstrike Holdings IncRevenue beat estimates and EPS guidance surpassed expectations, driving shares up 13.2%.
SentinelOne IncWeakest performer: revenue in line but missed billings and next-quarter EPS guidance significantly.
Palo Alto Networks IncDelivered strongest revenue growth of 31.1%, beating estimates by 2%.
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