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CrowdStrike Holdings Inc Stock: Real-Time Quotes, Historical Data, and News

Breaking News

CrowdStrike Holdings Inc (CRWD) stock has been making headlines lately, with investors watching closely as the company reports strong financial results. The cybersecurity company saw a surge in its stock price after its recent earnings report, which showed a significant increase in revenue and earnings per share. This news has led to a flurry of updates and analysis from financial experts, with many bullish on CrowdStrike's future prospects.

Recent Financial Performance

In its most recent earnings report, CrowdStrike reported revenue of $632.6 million, a 33% increase year-over-year. The company also posted net income of $142.9 million, up from $89.1 million in the same period last year. CrowdStrike's strong financial performance has been driven by increasing demand for its cloud-based cybersecurity solutions. The company's subscription revenue grew by 36% year-over-year, reaching $566.3 million.

Analyst Commentary

Following the earnings report, several analysts upgraded their ratings on CrowdStrike stock. Citigroup raised its target price for CRWD to $325 from $290, while Jefferies increased its target to $330 from $280. Analysts praised the company's strong revenue growth and its leadership in the cybersecurity market.