These Analysts Slash Their Forecasts On CrowdStrike Following Q2 Earnings

CrowdStrike Holdings Inc (NASDAQ:CRWD) reported better-than-expected financial results for the second quarter after the market close on Wednesday.

CrowdStrike reported second-quarter revenue of $1.17 billion, beating analyst estimates of $1.15 billion, according to Benzinga Pro. The company reported second-quarter adjusted earnings of 93 cents per share, beating estimates of 83 cents per share.

"With reacceleration a quarter ahead of our expectations, CrowdStrike delivered an exceptional Q2. Record Q2 net new ARR of $221 million, over 1,000 Flex customers, and more than 100 re-flexes highlight CrowdStrike as the leader in cybersecurity consolidation," said George Kurtz, founder and CEO of CrowdStrike.

CrowdStrike expects third-quarter revenue to be between $1.208 billion and $1.218 billion versus estimates of $1.228 billion. The cybersecurity company anticipates third-quarter adjusted earnings of 93 cents to 95 cents per share versus estimates of 91 cents per share.

CrowdStrike now expects ...