June 5th, 2024 - Shares of $CrowdStrike (CRWD.US)$ climbed by 6.68% to reach $ 326 in pre-market trading on Wednesday, following CrowdStrike’s announcement of its first quarter financial results for fiscal year 2025 after the market close on Tuesday.

First Quarter Fiscal 2025 Financial Highlights

• Revenue: Total revenue was $921.0 million, a 33% increase, compared to $692.6 million in the first quarter of fiscal 2024.  This result came in ahead of the Street consensus estimate at $905 million as tracked by FactSet. Subscription revenue was $872.2 million, a 34% increase, compared to $651.2 million in the first quarter of fiscal 2024.

• Annual Recurring Revenue (ARR) grew 33% year-over-year to $3.65 billion as of April 30, 2024, of which $211.7 million was net new ARR added in the quarter.

• Subscription Gross Margin: GAAP subscription gross margin was 78% for the first quarter of both fiscal 2025 and 2024. Non-GAAP subscription gross margin was 80% for the first quarter of both fiscal 2025 and 2024.

Financial Outlook

CrowdStrike revised its full-year guidance for fiscal year 2025, projecting total revenue to range between $3.98 billion and $4.01 billion, with an adjusted EPS forecast of $3.93 to $4.03. In the last quarter, the forecasted total revenue for fiscal year 2025 was forecasted to be between $3.92 billion and $3.99 billion, with a corresponding adjusted EPS projection of $3.77 to $3.97.

Analyst's Latest Ratings

Baird analyst Shrenik Kothari maintains $CrowdStrike (CRWD.US)$ with a buy rating, and maintains the target price at $350.

According to TipRanks data, the analyst has a success rate of 66.1% and a total average return of 20.6% over the past year.