
Investing.com -- CrowdStrike raised its annual guidance on Tuesday after reporting third-quarter results that topped Wall Street estimates as a ramp-up in cybersecurity subscription revenue boosted performance.
CrowdStrike Holdings Inc (NASDAQ:CRWD) was down more than 1% in after-hours trading following the report.
Crowdstrike reported adjusted EPS of $0.82 a share on revenue of $786 million, beat estimates of $0.74 and $624.77M, respectively.
Annual recurring revenue, or ARR, grew to 35% year-over-year to reach $3.15B as of Oct. 31, of which $223.1 million was added in the quarter.
For Q4, the company forecast adjusted EPS in a range of $0.81 to $0.82 on revenue of $836.6M to $840M, compared with estimates for $0.78 on revenue of $836.78M.
Looking further ahead, the company now expects adjusted EPS in a range of $2.95 to $2.96 on revenue of $3.047B to $3.050B, up from a prior range of $2.80 to $2.84 on revenue between $3.031B and $3.043B.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.