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Analysts revise CrowdStrike stock price after Q3 earnings and Q4 forecast
CRWDCrowdStrike(CRWD) Finbold· Finbold·2024-11-27 17:26

Wall Street is reacting to CrowdStrike’s (NASDAQ: CRWD) full-quarter earnings report after the cybersecurity giant experienced a major global IT outage in July.Although the outage had raised concerns about the company’s client retention abilities, CrowdStrike reported a solid Q3, beating analysts’ estimates in key areas.Revenue came in at 1.01billion,surpassingestimatesof1.01 billion, surpassing estimates of 982.8 million, marking a 29% year-over-year increase. Subscription revenue hit 962.7million,exceedingexpectationsof962.7 million, exceeding expectations of 933.6 mil ...