Why CrowdStrike Stock Jumped 22% Last Month
Shares of cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) jumped 22.2% in June, according to data provided by S&P Global Market Intelligence. The company kicked off the month by reporting strong quarterly earnngs, and shortly thereafter, it was announced that CrowdStrike would join the S 500.
CrowdStrike reported financial results for its fiscal 2025 first quarter on June 4. In short, business is better than expected for the cybersecurity company. Its Q1 revenue of $921 million was up 33% year over year, ahead of analysts' expectations. Moreover, management modestly increased its full-year revenue guidance to $3.99 billion at the midpoint of the range.
The company offers multiple cybersecurity products through its single cloud-based platform. And customers have consistently adopted more of its products over time. As is the case with many software businesses, this results in high-margin revenue growth. CrowdStrike's free-cash-flow growth has outpaced the top line in recent years too.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is an absolute favorite of our community with 153 Buy predictions and no Sell predictions.
As a result the target price of 321 € shows a positive potential of 20.54% compared to the current price of 266.3 € for CrowdStrike Holdings Inc.
