On March 09, CrowdStrike Holdings Inc. (CRWD) declared its Q4 and fiscal 2022 financial results, which ended on January 31, 2022. Consequently, the stock continued to rise in the after-hours with increased momentum.
During the regular trading session, the stock saw an active volume of 9.29 million shares, which was 212% of the average. The stock traded in a range of $157.67 and $171.08 before closing the session at $169.79. Thus, CRWD was able to increase by 8.31% during the session. It seems that investors were looking forward to the earnings with positive expectations. And hence, following the announcement, the stock surged in the after-hours as it added a further 13.55%. Therefore, CRWD stock was trading at $192.79 apiece in the after-hours as 2.09 million shares exchanged hands.
The cybersecurity products and services provider, CrowdStrike Holdings Inc. was founded in 2011. Currently, the company has a market capitalization of $35.96 billion with its 208.21 million outstanding shares. Having lost 17.07% year to date, CRWD stands at a fie-day loss of 15.84%.
CRWD’s Fiscal Q2 2022
In the fiscal Q2 2022, the company had total revenue of $431.0 million, which marks an increase of 63% YOY.
Moreover, CRWD had a non-GAAP net income of $70.4 million or $0.30 per diluted share in the quarter. Comparatively, the company had $31.6 million or $0.13 per share in Q4 fiscal 2021.
Fiscal 2022
In fiscal 2022, the company’s total revenue increased by 66% YOY to $1.45 billion.
Furthermore, the non-GAAP net income was $160.7 million or $0.67 per diluted share in fiscal 2022. This compares to $62.6 million or $0.27 per share in the previous year.
CRWD’s Future Outlook
For fiscal Q1 2023, the company expects a non-GAAP net income of $52.0-$56.7 million on revenue of $458.9-$465.4 million. The expected diluted EPS for the quarter is $0.22-$0.24.
Additionally, for fiscal 2023, CRWD expects non-GAAP net income of $251.1-$273.6 million on revenue of $2,133.1-$2,163.2 million. The expected diluted EPS for fiscal 2023 is $1.03-$1.13.
CRWD Company News
On March 08, the company shared updates regarding its Humio log management platform that enables complete real-time observability for all streaming logs. Humio has set the standard for data ingestion by achieving a benchmark of more than one-petabyte data ingestion per day.
On March 07, a new Critical Infrastructure Defense Project for free cybersecurity services to vulnerable industries was announced by Cloudflare, CRWD, and Ping Identity
