CROWDSTRIKE STRIKES AGAIN BEATING EXPECTATIONS

Crowdstrike released earnings today causing shares to rise around 13%. They announced an EPS of 30 cents (only 20 cents expected) on revenue of 431.01 million (410.97 expected). For the full year revenue rose 66% to 1.45 billion (from 874.4 million prior year). Subscription revenue also rose 66% to 405.4 million (compared to 244.7 million year prior's 4th quarter) For the full year, subscription revenue reached 1.36 billion, a 69% increase (from 804.7 million year prior). Their net new annual recurring revenue was 217 million which was a record. Crowdstrike expects EPS for the year to grow to around 1.03ish to 1.13. They also expect revenue to be around 2.13 to 2.16 billion by the end of the year.

Cyber security has been striving with the recent growth of users online due to covid. Everyone shifted their businesses and lifestyles to online more than ever. To put a cherry on top, the Russians started a war and are notorious for hacking... cyber security is the place to be! It is no secret Crowdstrike is a top contender in the industry, next to Palo Alto. Tech has gotten hit the most with the Nasdaq dropping over 20% entering a bear market before the S & P 500 and Dow. Cyber Security has taken a little toll as well but it is not surprising with the recent creation of a bubble. How ever the grass is greener over at Palo Alto which has actually increased in value.