These 5 Stocks Are Trending After Releasing Their Earnings Reports

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

Number of Hedge Fund Holders: 74

Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) climbed over 12 percent on Thursday, March 10, 2022, after delivering impressive financial results for its fiscal fourth-quarter along with an upbeat outlook.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) reported adjusted earnings of 30 cents per share, significantly higher than 13 cents per share in the year-ago period. Revenue came in at $431 million, well above $264.9 million in the same period last year. The results topped the consensus of 20 cents per share for earnings and $411 million for revenue.

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Looking forward, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) expects adjusted earnings in the range of 22 – 24 cents per share and revenue between $458.9 – $465.4 million for its fiscal first quarter. The guidance exceeded analysts’ average estimate of 17 cents per share for earnings and $440.3 million for revenue.

Praising the latest financial performance, CEO George Kurtz said:

“CrowdStrike once again delivered an exceptional fourth quarter and capped off a record year, achieving new milestones across both the top and bottom line. Net new ARR of $217 million in the quarter was a new all-time high, driven by expansion of our leadership in the core endpoint market as well as a record quarter for cloud, identity protection and Humio.”

You can also take a peek at Jim Cramer Recommends Selling These 10 Stocks and 10 Undervalued Dividend Kings To Buy In 2022.

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