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Is CrowdStrike Stock a Buy Now?

TheMotleyFool

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Is CrowdStrike Stock a Buy Now?Photo, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.theapi.app/temp/bee95973-d201-429b-849e-52867059bd1a.png

CrowdStrike (NASDAQ: CRWD) posted its second-quarter report on Aug. 30. The cloud-based cybersecurity company's revenue rose 58% year over year to $535.2 million, which beat analysts' expectations by $18.7 million.

Its adjusted net income jumped 232% to $85.9 million, or $0.36 per share, which also cleared the consensus forecast by $0.09. On the basis of generally accepted accounting principles (GAAP), it narrowed its net loss from $57.3 million to $49.3 million, or $0.21 per share.

Image source: Getty Images.

Source Fool.com

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