CrowdStrike Holdings Inc. Stock Rises After Earnings Beat

Key Points:

CRWD shares jumped by 9.5% in after-hours trading

Company reported strong earnings, beating analyst estimates

CrowdStrike increased its annual recurring revenue by 54%

CrowdStrike Holdings Inc. (CRWD) shares surged by 9.5% in after-hours trading on Thursday after the cybersecurity company reported better-than-expected earnings. The company beat analyst estimates, reporting an adjusted earnings per share of $0.39, compared to the consensus estimate of $0.36. CrowdStrike's revenue also exceeded expectations, reaching $580.1 million, a 54% increase year-over-year. The company's annual recurring revenue (ARR) also increased by 54%, reaching $2.16 billion.