Is CrowdStrike Holdings a Buy?
CrowdStrike's (NASDAQ: CRWD) stock price jumped nearly 14% during after-hours trading on March 9 following the release of its fiscal 2022 fourth-quarter earnings report.
The cybersecurity company's revenue surged 63% year over year to $431 million, beating analysts' estimates by $19 million. Its adjusted net income soared 123% to $70.4 million, or $0.30 per share on a diluted basis, which also exceeded analysts' expectations by 10 cents. But on a generally accepted accounting principles (GAAP) basis -- which factors in its acquisitions, stock-based compensation, and other one-time expenses -- CrowdStrike's net loss widened from $19 million to $42 million.
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Source Fool.com
