George Kurtz, CEO of Crowdstrike Inc., will speak on Wednesday, March 4th, 2020 at the Montgomery Summit in Santa Monica, California, USA.
Patrick T. Fallon | Bloomberg | Getty Images
Cloud Strike Stocks fell 7% in Tuesday’s extension trading after security software makers issued revenue forecasts that were weaker than expected.
Here’s how the company went to the LSEG consensus:
Earnings per share: 73 cents, adjusted vs 65 cents forecast: $1 billion vs 10 billion
Revenue rose nearly 20% in the first quarter and ended on April 30, according to the statement. The company recorded a net loss of $110 million, or 44 cents per share, compared to its net income of $42.8 million (17 cents per share) for the same period last year.
The widespread software outage last summer has led to increased sales and marketing, as well as research and development and management costs.
For the current quarter, CrowdStrike called for revenues between $1.1 billion and $1.15 million with adjusted earnings per share, between 82 cents and 84 cents. Analysts voted by LSEG were expecting revenues of $1.16 billion, at 81 cents per share.
CrowdStrike increased its full-year revenue guidance, but maintained its revenue expectations. The company currently looks at adjusted earnings of $3.44 to $3.56 per share, earnings of between $4.740 and $4.810 million. The LSEG consensus was $3.43 per share and revenues of $4.77 billion. Revenue guidance provided in March was between $3.33 and $3.45 in adjusted earnings per share.
Also on Tuesday, CrowdStrike said it allocated $1 billion for share buybacks.
“The stock buyback announced today reflects our confidence in the future and unwavering mission of stopping violations,” CEO George Kurtz said in a statement.
As of the end of Tuesday, stock prices had risen by 43% so far in 2025, but the S&P 500 index was below 2%.
Executives will discuss the outcome of a conference call with analysts starting at 5pm.
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