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Benzinga
Benzinga
Business
Henry Khederian

Why Crowdstrike Shares Are Rising

Crowdstrike Holdings Inc (NASDAQ:CRWD) shares are trading higher by 11.9% at $190.01 after the company reported better-than-expected fourth-quarter adjusted EPS and sales results. The company also issued both first-quarter and FY23 adjusted EPS and sales guidance above analyst estimates.

CrowdStrike reported quarterly earnings of 30 cents per share which beat the analyst consensus estimate of 20 cents. CrowdStrike also reported quarterly sales of $431.00 million which beat the analyst consensus estimate of $410.91 million by 5%. This sales figure represents a 63% increase over sales of $264.93 million in the same period last year.

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