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☆ Top Wall Street analysts prefer these three stocks for the long haul
▼ + stars: | 2024-03-17 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Earlier this month, Guggenheim analyst Robert Drbul reiterated a buy rating on Nike stock with a price target of $130, adding it as a "best idea." Drbul also expects the Nike brand to be highly visible at the upcoming 2024 Summer Olympics. Drbul holds the 565th position among more than 8,700 analysts tracked by TipRanks. (See Nike Stock Buybacks on TipRanks)BJ's Wholesale Club

Persons: Rafael Henrique, Gregg Moskowitz, SIEM, Moskowitz, CrowdStrike, TipRanks, Robert Drbul, Drbul, Jordan Organizations: CrowdStrike Holdings, Inc, Getty, Flow, Falcon Cloud Security, Nike, Pegasus, BJ's Wholesale Locations: 2H24, North America

☆ CrowdStrike shares surge on earnings beat, strong full-year guidance
▼ + stars: | 2024-03-05 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

CrowdStrike shares surged as much as 21% in after-hours trading Tuesday, after the cybersecurity company reported a beat on the top and bottom lines, and issued stronger than expected guidance for the upcoming quarter and full year. CrowdStrike has now reported GAAP net income for the last four quarters, CFO Burt Podbere said in the earnings release. "CrowdStrike is cybersecurity's consolidator of choice, innovator of choice, and platform of choice to stop breaches," co-founder and CEO George Kurtz said in a release. The company also guided to fiscal first-quarter revenues between $902 million and $906 million, better than a consensus estimate of $899 million. CrowdStrike also expects EPS for the period between 89 to 90 cents, better than the 82 cent consensus estimate.

Persons: George Kurtz, CrowdStrike, Burt Podbere, Podbere Organizations: Crowdstrike Holdings Inc, Bloomberg Technology, RSA Conference, Security Locations: San Francisco , California

☆ CrowdStrike CEO George Kurtz on China, Microsoft and the SEC
▼ + stars: | 2023-12-14 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

CrowdStrike CEO George Kurtz has had a banner year. The new regulations will likely offer upside for CrowdStrike, Kurtz said. For every dollar companies paid CrowdStrike to respond to hacks, CrowdStrike collected roughly $6 on average in new subscription revenue, Kurtz said. "It's not something we can answer" for companies, Kurtz said. While incident response is good business for CrowdStrike, Kurtz emphasized that CrowdStrike's main focus is "to help customers prevent these sorts of attacks upfront and provide visibility."

Persons: George Kurtz, It's, Kurtz, CrowdStrike, it's, Jen Organizations: Crowdstrike Holdings Inc, Bloomberg Technology, RSA Conference, CNBC, Securities and Exchange, SEC, Caesars Entertainment, MGM Resorts, Caesars, MGM, CrowdStrike, Infrastructure Security Agency Locations: San Francisco , California

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Wall Street indexes ended marginally higher on Tuesday after Fed Governor Christopher Waller, deemed a hawk, hinted at lower interest rates in the months ahead if inflation continued to ease. Other similar positive comments sent Treasury yields tumbling, with the yield on the benchmark 10-year note last at an over two-month low of 4.2840%. Fed Governor Michelle Bowman on Tuesday alluded to the possibility of another rate hike. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Christopher Waller, Governor Bowman, Charalampos Pissouros, Michelle Bowman, Thomas Barkin, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, General Motors, Dow, Nasdaq, Treasury, Federal Reserve, XM, Nvidia, Richmond Fed, Dow e, CrowdStrike Holdings, Thomson Locations: New York City, U.S, Bengaluru

☆ CrowdStrike forecasts strong Q4 revenue on resilient cybersecurity demand
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

Nov 28 (Reuters) - CrowdStrike Holdings (CRWD.O) on Tuesday forecast fourth-quarter revenue above Wall Street estimates, driven by resilient demand for its cybersecurity offerings in the wake of rising online threats. Rising cyber threats, ransomware attacks and hacking incidents have triggered demand for cybersecurity offerings as businesses try to ensure safety against hackers who steal sensitive data. For the third quarter ended Oct. 31, the company posted revenue of $786.0 million, beating estimates of $777.1 million. Adjusted net income attributable to CrowdStrike for the third quarter rose to $199.2 million, from $96.1 million a year earlier. CrowdStrike raised its annual revenue outlook to a range of $3,046.8 million to $3,050.2 million, up from its earlier forecast of between $3,030.7 million and $3,042.9 million.

Persons: CrowdStrike, Jaspreet Singh, Shailesh Organizations: CrowdStrike Holdings, MGM Resorts International, Caesars Entertainment, Thomson Locations: Austin , Texas, Bengaluru

☆ These are D.A. Davidson's favorite stocks for the fourth quarter
▼ + stars: | 2023-09-28 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Davidson listed its favorite long-term plays, giving investors a way to stick it out as markets face a tough month and quarter. Equities have dropped in recent months as investors worry about the possibility — and impact — of persistent interest rate hikes. As of Wednesday's close, the S & P 500 is slated to finish the month down 5.2% and the quarter is off by about 4%. The stock has seen some of the highest year-to-date gains on the list, up more than 54% in 2023. The stock has plunged nearly 19% so far this year, putting it at an attractive entrypoint for long-term gains, according to the firm's investment philosophy.

Persons: D.A, Davidson, Rudy Kessinger, Goldman Sachs, Manuel Navas, Gary Tenner Organizations: CrowdStrike Holdings, Financial, . Corp, Axos, Axos Bank, Tractor Supply, Microsoft

Jefferies analysts wrote in a note the Federal Reserve putting the brakes on interest rate hikes has given acquirers more certainty around their funding costs, helping dealmaking. Cisco's deal valued Splunk at 7 times projected 12-month revenue, according to Jefferies. "We note that the typical security company with 20% growth trades at about 7 times (sales)," BTIG analysts wrote in a note last week. Private software companies may also be more receptive to takeovers. "A tidal wave of software M&A (is) on the horizon," Wedbush analysts wrote in a note last week.

Persons: Chuck Robbins, David Chen, Morgan Stanley, Chen, Jefferies, Keith Skirbe, Houlihan Lokey's, Milana Vinn, Anirban Sen, Anna Driver Organizations: Cisco Systems, Cisco, Crowdstrike Holdings, Microsoft, Adobe, Oracle, Francisco Partners, TPG Inc, Federal Reserve, IBM, Reuters Graphics Reuters, Jefferies, Thomson Locations: New York

☆ Top Wall Street analysts say these stocks have the best growth prospects
▼ + stars: | 2023-09-15 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five such stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Further, the company continues to invest in AI and sees huge growth potential for its AI-powered features. The analyst noted that the company achieved strong growth in new products under its Identity, Cloud, and LogScale Security Information and Event Management (SIEM) offerings. Nevertheless, he feels that this pullback has created an attractive opportunity to buy CMG stock based on multiple positive catalysts that could emerge in the months ahead. Tarantino reaffirmed a buy rating on CMG stock with a price target of $2,400.

Persons: Wall, TD Cowen, Shaul Eyal, Zscaler, Eyal, Needham, Alex Henderson, Henderson, TipRanks, Baird, David Tarantino, Tarantino, LULU, Robert Drbul, Lulu, Drbul Organizations: Nasdaq, Investments, CrowdStrike, Security, Management, Charlotte, Microsoft, Grill, Lululemon Athletic, Guggenheim, Acushnet Locations: cybersecurity, Mexican, North America, China, Greater China

☆ SentinelOne raises full-year forecast, adds partnership with Wiz still on
▼ + stars: | 2023-08-31 | by ( Akshita Toshniwal | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAug 31 (Reuters) - SentinelOne Inc (S.N) raised its annual revenue forecast on Thursday, riding on resilient adoption of its AI-backed security offerings as macroeconomic fears abate. The cybersecurity company also clarified that it had just canceled a "reselling agreement" with Wiz and their partnership with the startup was still on. Startup Wiz said last week that it was considering a potential bid for SentinelOne, which has struggled to become profitable, after reports that it was considering putting itself up for sale. The Mountain View, California-based company expects revenue for the full-year to be $605 million, up from the $590 million to $600 million range it had forecast in June. The cybersecurity company also forecast revenue of $156 million for the third quarter, higher than analysts' estimate of $154.20 million.

Persons: Brendan McDermid, Tomer Weingarten, Wiz, Akshita, Shailesh Organizations: SentinelOne Inc, New York Stock Exchange, REUTERS, SentinelOne, CrowdStrike Holdings, Thomson Locations: New York City, U.S, View , California, Bengaluru

CrowdStrike shares rose as much as 10.2% to $164.41 on Thursday and was last trading at $162, up 8.59%. Okta's shares rose 17.6% to $86.50, their highest level since May. Other cybersecurity firms were also trading higher, buoyed by CrowdStrike and Okta. Multiple analysts raised their price target for the shares of CrowdStrike and Okta in reaction to the news. Austin, Texas-based CrowdStrike delivers cloud-based cybersecurity protection through its Falcon platform that is used by many large U.S. companies.

Persons: Dado Ruvic, CrowdStrike, Okta, Chibuike Oguh, Lance Tupper, Mark Porter Organizations: REUTERS, CrowdStrike Holdings, Okta Inc, Wall, Zscaler Inc, Nasdaq, Palo Alto Networks, Thomson Locations: CrowdStrike, Austin , Texas, U.S, San Francisco, New York

☆ CrowdStrike lifts forecast for annual revenue, profit on resilient cybersecurity demand
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

CrowdStrike raised its annual revenue outlook to a range of $3.03 billion to $3.04 billion, up from its earlier forecast of between $3 billion and $3.04 billion. It expects adjusted profit per share for the Aug-October period at 74 cents, above estimates of 61 cents per share. Rival Palo Alto Networks forecast annual billings above market estimates earlier in August, as demand for its integrated cybersecurity offerings surged. CrowdStrike posted revenue of $731.6 million for the second quarter ended July 31, beating estimates of $724.1 million. Its adjusted profit per share came in at 74 cents, also ahead of estimates of 56 cents per share.

Persons: CrowdStrike, Jaspreet Singh, Shailesh Organizations: CrowdStrike Holdings, Global, Thomson Locations: Austin , Texas, billings, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. If the yield on the 10-year note, last up at 4.298%, crosses 4.338%, it would hit its highest level since 2007. Bruised growth stocks edged higher, with Tesla (TSLA.O) rising 3.1% in premarket trading on Monday to lead the advance. Nvidia earnings will be a major test for this year's stock market rally, which has been fueled by optimism around the potential for artificial intelligence. ET, Dow e-minis were up 105 points, or 0.3%, S&P 500 e-minis were up 20.5 points, or 0.47%, and Nasdaq 100 e-minis were up 103.25 points, or 0.7%.

Persons: Brendan McDermid, Jackson, Jerome Powell, Rick Meckler, Amruta Khandekar, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Alto Networks, Broadcom Futures, Dow, Nasdaq, Nvidia, Reserve, Federal, Cherry Lane Investments, Reuters Graphics Reuters, Traders, HSBC, Dow e, Palo Alto Networks, CrowdStrike Holdings, VMware, Thomson Locations: New York City, U.S, Jackson, Wyoming

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. If the yield on the 10-year note, last at 4.296%, crosses 4.338%, it would hit its highest level since 2007. Investors are now keenly waiting for comments from Federal Reserve Chair Jerome Powell on Friday at a meeting of central bankers at Jackson Hole in Wyoming that begins on Aug. 24. "The Jackson Hole symposium will be key to assess Powell's dovishness meter. Nvidia earnings will be a major test for this year's stock market rally, which has been fueled by optimism around the potential for artificial intelligence.

Persons: Brendan McDermid, Jerome Powell, Jackson, Charu Chanana, Amruta Khandekar, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Alto, Broadcom Futures, Dow, Nasdaq, Nvidia, Strong, Reserve, Federal, Saxo Markets, Reuters Graphics Reuters, Traders, HSBC, Dow e, Palo Alto Networks, CrowdStrike Holdings, VMware, Thomson Locations: New York City, U.S, Jackson, Wyoming

☆ Palo Alto shares jump as rosy forecast soothes slowdown fears
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +2 min

Aug 21 (Reuters) - Palo Alto Networks (PANW.O) surged 12% on Monday after its dominant position in the cybersecurity market helped power a strong forecast, cheering investors worried about possible weakness after it chose a rare summer Friday for its earnings. Palo Alto Networks had declined nearly 17% ahead of earnings this month. Palo Alto's shares outperform cybersecurity peersBut as enterprise budgets tighten and threats of cyber attacks intensify, more businesses are turning to larger players like Palo Alto Networks that serve as one-stop shops for a variety of cybersecurity solutions. "We walk away confident about the company's ability to consolidate enterprise security spend and outgrow peers with strong profitability," RBC Capital Markets analysts said. Palo Alto trades at more than 41 times the consensus earnings for the next 12 months, compared with 52.56 for CrowdStrike and 34.19 for Fortinet.

Persons: billings, Akash Sriram, Pooja Desai Organizations: Palo Alto Networks, Rivals CrowdStrike Holdings, Wedbush Securities, RBC Capital Markets, Fortinet, Thomson Locations: Alto, Palo, CrowdStrike, Bengaluru

Signage and cars are displayed in honor of SentinelOne, a cybersecurity firm’s IPO, outside the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2021. SentinelOne has hired investment bank Qatalyst Partners to advise on discussions with potential acquirers, including private equity firms, the sources said. Private equity firms have been prolific investors in the cybersecurity sector. In November 2021, an investor consortium led by private equity firm Advent International acquired McAfee Corp for $14 billion. Tech-focused private equity firm Thoma Bravo has also been a serial acquirer in the sector, having bought Ping Identity, ForgeRock, Sailpoint Technologies and Magnet Forensics Inc, among others.

Persons: Brendan McDermid, SentinelOne, Qatalyst, SentinelOne's, Daniel Loeb's, Morgan Stanley, Thoma, Milana Vinn, Anirban Sen, Conor Humphries, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, SentinelOne, Qatalyst Partners, CrowdStrike Holdings, U.S ., Tiger Global, Sequoia Capital, Insight Partners, Redpoint Ventures, Advent International, McAfee Corp, Tech, Thoma Bravo, Sailpoint Technologies, Magnet Forensics, Thomson Locations: New York City, U.S, View , California, New York, Israel, cybersecurity

[1/2] Miniatures of people with computers are seen in front of North Korea flag in this illustration taken July 19, 2023. North Korea has previously denied organizing digital currency heists, despite voluminous evidence - including U.N. reports - to the contrary. “North Korea in my opinion is really stepping up their game,” said Hegel, who works for U.S. firm SentinelOne. The cybersecurity-focused podcast Risky Business earlier this week cited two sources as saying that North Korea was a suspect in the intrusion. "I don't think this is the last we'll see of North Korean supply chain attacks this year," he said.

Persons: Dado Ruvic, ”, JumpCloud, CrowdStrike, Adam Meyers, Tom Hegel, wasn't, Hegel, cryptocurrency, Chainalysis, CrowdStrike's Meyers, Christopher Bing, Raphael Satter, James Pearson, Michelle Nichols, Anna Driver, Bernadette Baum Organizations: REUTERS, WASHINGTON, American IT, Reuters, CrowdStrike Holdings, North, United Nations, U.S, FBI, Thomson Locations: North Korea, Korean, American, Louisville , Colorado, North Korean, New York, Korea, “ North Korea, The U.S, Washington, London

☆ SentinelOne's disappointing forecast slams shares
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

Shares of the company sank 37% before the bell on Friday and were set to open at their lowest level in about six months. The stock could erase most of the 42% rise it has posted so far this year, if losses hold through regular trading. The median price target on the stock is now $18, which is 13% lower than its last closing price. Factors other than a weak economy seem to be impacting SentinelOne, said BTIG analysts, downgrading the stock to "neutral". Some brokerages pointed to competitive pressure from the likes of Microsoft Corp (MSFT.O) and larger peer CrowdStrike Holdings Inc (CRWD.O).

Persons: SentinelOne, Akash Sriram, Pooja Desai Organizations: SentinelOne Inc, Palo Alto Networks, Microsoft Corp, CrowdStrike Holdings, Guggenheim, Thomson Locations: Palo, Bengaluru

☆ CrowdStrike raises full-year revenue, profit forecasts
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

May 31 (Reuters) - CrowdStrike Holdings Inc (CRWD.O) raised its annual forecast for revenue and profit on Wednesday, as spending on cybersecurity products stays strong in a turbulent economy. The company expects 2024 revenue in the range of $3 billion and $3.04 billion, compared with its previous forecast of $2.96 billion and $3.01 billion. Excluding items, the company expects 2024 net income per share of $2.32 and $2.43, compared with $2.21 and $2.39 projected earlier. Analysts on average expect 2024 revenue of $3 billion, according to Refinitiv data. Reporting by Vansh Agarwal in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Vansh Agarwal, Shilpi Majumdar Organizations: CrowdStrike Holdings, Thomson Locations: Austin , Texas, Bengaluru

Palo Alto Networks (PANW.O), the largest player in the space by market share and valuation, will kick off sector earnings on Tuesday with what analysts polled by Refinitiv estimate to be a near 24% increase in quarterly revenue. Reuters GraphicsVendors that are a one-stop shop for cybersecurity solutions help their clients analyze security data better as well as integrate a variety of applications, optimize costs and improve risk management. Top cybersecurity providers Palo Alto Networks, CrowdStrike Holdings (CRWD.O) and Fortinet Inc (FTNT.O), which offer a range of services including cloud and identity protection, are set to benefit from the consolidation trend, said D.A. CrowdStrike and ZScaler Inc (ZS.O) are expected to report revenue growth of 39% and 45% when they report earnings on May 31 and June 1, respectively. Palo Alto Networks, Fortinet lead cybersecurity stocks in the past yearReporting by Vansh Agarwal, Samrhitha Arunasalam and Akash Sriram in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ CrowdStrike eyes strong annual revenue as cybersecurity spending holds up
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +1 min

March 7 (Reuters) - CrowdStrike Holdings Inc (CRWD.O) forecast fiscal year 2024 revenue above market estimates on Tuesday, the latest sign that spending on cybersecurity products was holding up in a turbulent economy. Rival Palo Alto Networks Inc (PANW.O) raised its annual profit forecast last month and beat estimates for quarterly earnings, saying it expects cybersecurity demand to be resilient. For the fourth quarter ended Jan. 31, CrowdStrike's revenue rose 48% to $637.4 million compared with a year earlier. CrowdStrike's net loss for the fourth quarter widened to $47.5 million from $42 million a year earlier. The company said it expects fiscal year 2024 revenue between $2.96 billion and $3.02 billion, compared with analysts' estimates of $2.96 billion, according to Refinitiv data.

☆ Futures stable after Wall St rout on rate worries
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

ET (1900 GMT), is anticipated to detail the breadth of debate at the central bank over how much further interest rates may need to be raised to slow inflation. Money market participants expect rates to peak at 5.35% by July and stay around those levels till the end of 2023. ET, Dow e-minis were up 26 points, or 0.08%, S&P 500 e-minis were up 2.5 points, or 0.06%, and Nasdaq 100 e-minis were up 12 points, or 0.1%. St. Louis Fed President James Bullard said rates will have to go north of 5% to tame inflation. Reporting by Johann M Cherian and Medha Singh in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves premarket: Silvergate Capital, Walgreens, Amazon and more
▼ + stars: | 2023-01-05 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

People walk by a Walgreens, owned by the Walgreens Boots Alliance, Inc., in New York City, November 26, 2021. Check out the companies making headlines and moves in premarket trading. Walgreens Boots Alliance — The drugstore stock fell about 2% in premarket even after the company reported fiscal first quarter earnings that beat analyst estimates. Western Digital — Shares jumped more than 5% after Western Digital and Japan's Kioxia Holdings resumed merger talks, according to a Bloomberg News report that cited sources familiar with the matter. American Express — The stock fell 1.48% in the premarket after being downgraded by Stephens on Thursday to underweight from equal weight.

☆ Business-Software Companies Say Customers Are Pulling Back Amid Economic Concerns
▼ + stars: | 2022-12-04 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

Salesforce said its business customers are adopting behaviors typically seen in an economic downturn. Attendees at its 2022 Dreamforce conference in San Francisco. Business-software companies say customers are being more cautious with their spending in response to a challenging economy, adding to the tech industry’s list of concerns. Customers for companies such as Salesforce Inc., Okta Inc. and CrowdStrike Holdings Inc. are taking longer to sign deals, and in some cases slowing their hiring plans as they try to protect their bottom lines, the software providers reported this past week. That trend has created a cloudy outlook for many in the once-booming business-software sector, which benefited from years of demand as customers looked to use the products to trim costs and maintain their businesses during the pandemic.

☆ Crowdstrike Holdings warning sparks selloff in cybersecurity stocks
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

Nov 30 (Reuters) - A warning from Crowdstrike Holdings Inc (CRWD.O) that clients were cutting back on spending and delaying purchases due to an economic slowdown slammed cybersecurity stocks on Wednesday, inflicting fresh pain on the battered sector. "Increased macroeconomic headwinds elongated sales cycles with smaller customers and caused some larger customers to pursue multi-phase subscription start dates," Crowdstrike Chief Executive Officer George Kurtz said. The results are the latest in a series of dour reports from cybersecurity firms, whose business boomed during the pandemic but is now seeing a slowdown, making them a hot target for private equity buyouts. "Resilient, but not immune is a theme that will likely dominate the narrative during our October quarter-cohort earnings cycle," Piper Sandler analysts said. Still, some analysts see long-term benefits from the rising demand for cybersecurity as more businesses take to the web and high-profile hacks force companies to be more cautious.

☆ Even CrowdStrike Isn’t on Safe Ground
▼ + stars: | 2022-11-30 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

George Kurtz, CrowdStrike’s CEO, cited an 11% rise in the days required to close sales deals in the most recent quarter. At least no one can accuse CrowdStrike Holdings of playing it safe. The provider of subscription-based security software has been one of the hottest names in the cloud sector since going public in mid-2019. That is due to sky-high revenue growth rates that—before its fiscal third-quarter results late Tuesday—had averaged 68% year over year over the previous eight quarters. CrowdStrike is currently generating a little more than $2.2 billion in annual revenue—nearly five times what it made in the fiscal year that ended in January 2020.

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