CrowdStrike Holdings, Inc. (NASDAQ: CRWD) plunged over 9% in after-hours trading on Tuesday, despite reporting better-than-expected fourth-quarter 2024 results. The cybersecurity firm's stock tumbled as its guidance for the upcoming fiscal year 2026 fell short of analysts' projections, raising concerns about slowing growth and profitability.
For the quarter ended January 31, 2025, CrowdStrike reported revenue of $1.06 billion, surpassing Wall Street estimates of $1.03 billion and reflecting a year-over-year increase of 25.2%. The company's adjusted earnings per share of $1.03 also exceeded expectations of $0.86. However, the company's performance was overshadowed by its disappointing guidance for fiscal 2026.
CrowdStrike forecasted revenue between $4.74 billion and $4.81 billion for fiscal 2026, implying a growth rate of around 20.8%, significantly lower than the previous year's 29.6% growth. Furthermore, the company's operating profit guidance of $965 million at the midpoint was below analysts' expectations of $1.02 billion.
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