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Kiplinger
Kiplinger
Business
Joey Solitro

FORGOTTEN HISTORY: Crowdstrike stock pops after beat and raise quarter - The Untold Story

CrowdStrike CRWD Cybersecurity
Red crowdstrike logo on smartphone with red background.

CrowdStrike Holdings (CRWD) stock is trading higher Wednesday after the cybersecurity company beat top- and bottom-line expectations for its fiscal first quarter and lifted its full-year forecast.

In the three months ended April 30, CrowdStrike's revenue increased 33% year-over-year to $921 million and its earnings per share (EPS) were up 63.2% from the year prior to 93 cents. CRWD also said its free cash flow jumped 41.8% year-over-year to $322.5 million, representing 35% of revenue.

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