CrowdStrike stock rallies 8% after better-than-expected outlook
CrowdStrike Holdings Inc. rallied in the extended session Thursday after the cybersecurity company forecast a better-than-expected outlook in its first public earnings report.
CrowdStrike said it expects an adjusted loss of 24 cents to 23 cents a share on revenue of $103 million to $104 million in the fiscal second quarter, and an adjusted loss of 72 cents to 70 cents on revenue of $430.2 million to $436.4 million for the year. The company reported a fiscal first-quarter loss of $26 million, or 55 cents a share, compared with $33.6 million, or 77 cents a share, in the year-ago period. Adjusted earnings were 47 cents a share.Analysts had forecast a loss of 47 cents a share on revenue of $95.6 million.
Back in June, CrowdStrike’s stock nearly doubled in its first day of trading, following its initial public offering.
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