5 Earnings Reports Investors Must Read

1. CrowdStrike Holdings, Inc. (NASDAQ: CRWD)

Number of Hedge Fund Holders: 66

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) recently announced its second-quarter profit and sales above expectations. The cybersecurity company reported adjusted earnings of 11 cents per share for the three months ended July 31, compared to 3 cents per share in the same period last year.

Revenue for the quarter climbed 70 percent on a year-over-year basis to $337.3 million. The results exceeded analysts’ average estimate of 9 cents per share for earnings and $323.2 million for revenue. CrowdStrike Holdings, Inc. (NASDAQ: CRWD) also announced that its annual recurring revenue (ARR) jumped 70 percent to $1.34 billion.

Speaking on the results, CFO Burt Podbere said:

“In the second quarter we once again achieved strong growth at scale and delivered exceptional unit economics, drove leverage and remained capital efficient, generating strong operating and free cash flow. Given our strong performance and growing momentum in the market, and reflecting our view of a continued robust demand environment, we are raising our guidance for fiscal year 2022.”

Looking forward, CrowdStrike Holdings, Inc. (NASDAQ: CRWD) now expects adjusted earnings in the range of 43 cents per share to 49 cents per share for the full year, above the consensus forecast of 40 cents per share. In addition, the company expects revenue between $1.39 billion – $1.41 billion, better than analysts’ average estimate of $1.36 billion.

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