institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

CrowdStrike Shares Drop on Weak Revenue Guidance

  • CrowdStrike reported its fiscal first quarter results ending April 30, 2025, and shares fell about 5% after issuing weaker-than-expected revenue guidance.
  • The company's revenue projection for the current quarter ranged just under $1.15 billion, falling short of analysts' expectation of $1.16 billion, which contributed to the decline in its share price.
  • The company reported $1.10 billion in revenue, marking nearly a 20% increase year-over-year, but posted a net loss of $110.2 million. This decline was influenced in part by higher expenses in sales, marketing, research and development, and administration, partially due to a widespread software disruption experienced during the previous summer.
  • CEO George Kurtz expressed that the company’s decision to allocate $1 billion for stock buybacks demonstrates their strong belief in CrowdStrike’s long-term prospects and commitment to preventing security breaches, while also announcing plans to reduce the workforce by 500 employees in May.
  • Despite near-term challenges, CrowdStrike raised its full-year adjusted earnings guidance to $3.44-$3.56 per share while maintaining revenue expectations of $4.74-$4.81 billion, suggesting ongoing confidence in growth potential.
Insights by Ground AI
Does this summary seem wrong?

17 Articles

All
Left
2
Center
3
Right
2
NBC ChicagoNBC Chicago
+2 Reposted by 2 other sources
Center

CrowdStrike shares drop on weak revenue guidance

CrowdStrike reported better-than-expected results for the latest quarter but issued revenue guidance that missed estimates.

·Chicago, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 43% of the sources are Center
43% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Business Wire broke the news in Crystal River, United States on Tuesday, March 4, 2025.
Sources are mostly out of (0)

Similar News Topics