US Stock Alert: CrowdStrike drops over 10% in after-hours trading as Q2 guidance fails to impress the market

Golden Ten Data June 4｜Cybersecurity company CrowdStrike (CRWD.US) dropped more than 10% in after-hours trading, closing at $672. According to reports, CrowdStrike announced its results for the first fiscal quarter, with total revenue up 26% year-on-year to $1.39 billion, surpassing market expectations of $1.36 billion. Net profit based on GAAP reached $27.8 million, turning from a loss to a profit year-on-year. Adjusted earnings per share were $1.10, exceeding market expectations of $1.07. Net new annual recurring revenue (ARR) reached a record $255.8 million, up 32% year-on-year, and landed in the middle of the market expected range of $250 million to $275 million. In addition, the company gave a conservative forecast for the second fiscal quarter, expecting revenue of about $1.44 billion and adjusted earnings per share between $1.16 and $1.17, while the market expects $1.43 billion and $1.15 respectively. Market analysis pointed out that after achieving a 70% return in just over a month, CrowdStrike’s pricing has already reflected positive factors; only truly stunning figures could prevent a "sell the news" style decline.