Cybersecurity platform provider CrowdStrike (NASDAQ:CRWD) will announce earnings results after market close tomorrow. Here’s what you need to know.
CrowdStrike beat analysts’ revenue expectations by 1.7% last quarter, reporting revenue of $1.17 billion, up 21.3% year over year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and full-year EPS guidance that exceeded analysts’ expectations.
Is CrowdStrike a way to buy or sell options for earnings? Read our full analysis here, free to Active Edge members.
This quarter, analysts expect CrowdStrike’s revenue to grow 20.3% year over year to $1.22 billion, slower than the 28.5% growth recorded in the same quarter last year. Adjusted earnings are expected to be $0.94 per share.
Analysts covering the company have generally affirmed their estimates over the last 30 days, suggesting they expect the business to continue to grow earnings. CrowdStrike has missed Wall Street’s revenue estimates only once over the past two years, exceeding top-line expectations by an average of 1.4%.
Looking at CrowdStrike’s peers in the cybersecurity space, some have already reported their Q3 results, giving us an indication of what we can expect. Varonis Systems reported revenue growth of 9.1% year-over-year, 2.7% below analysts’ expectations, and Qualys reported revenue growth of 10.4%, beating estimates by 2.2%. Varonis Systems traded 49.2% lower after the results, while Qualys was up 20.6%.
Read our full analysis of Varonis Systems’ results and Qualys’ results here.
Questions about potential tariffs and corporate tax changes in 2025 have created a lot of volatility. While some cybersecurity stocks have shown solid performance in this volatile environment, the group has generally underperformed, with share prices falling an average of 5.2% over the past month. CrowdStrike is down 8.3% over the same time period and is headed for earnings with an average analyst price target of $533.26 (compared to the current share price of $506.51).
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