CrowdStrike stock rallies as earnings, outlook beat Street view

CrowdStrike Holdings Inc. shares surged in the extended session Tuesday after the cybersecurity company’s earnings beat and forecast topped Wall Street expectations amid a tough software environment.

The company reported... CrowdStrike Holdings Inc. shares surged in the extended session Tuesday after the cybersecurity company’s earnings beat and forecast topped Wall Street expectations amid a tough software environment. The company reported a fiscal fourth-quarter loss of $47.5 million, or 20 cents a share, compared with a loss of $42 million, or 18 cents a share, in the year-ago period. Adjusted net income, which excludes stock-based compensation and other items, was 47 cents a share, compared with 30 cents a share in the year-ago period.

CrowdStrike expects full-year earnings of $2.21 to $2.39 a share on revenue of $2.96 billion to $3.01 billion. Wall Street expects $1.99 a share on revenue of $2.95 billion.

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