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Benzinga

Business

Anusuya Lahiri

THE TRUTH ABOUT: Crowdstrike sees strong module adoption valuation concerns persist analysts | History Defined

CrowdStrike Mike Cikos Paul Rodriguez CRWD Cybersecurity Needham

CrowdStrike Holdings Inc (NASDAQ:CRWD) stock is trading lower Wednesday after the company reported third-quarter financial results.

On Tuesday, CrowdStrike reported third-quarter revenue of $1.01 billion, up 29%, beating the consensus estimate of $982.36 million. The company reported adjusted EPS of $0.93, beating analyst estimates of $0.81. Annual recurring revenue increased 27% to $4.02 billion.

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