CrowdStrike Holdings Inc. Stock News and Updates

Latest News

CrowdStrike Holdings Inc. (NASDAQ: CRWD) recently announced strong financial results for the fourth quarter and fiscal year 2023. The company reported revenue of $580.9 million for the quarter, representing a 53% increase year-over-year. Annual recurring revenue (ARR) grew 54% to $2.34 billion, driven by strong demand for the company's cloud-based security platform.

Stock Performance

Following the earnings release, CrowdStrike's stock price surged in after-hours trading. As of the time of writing, CRWD shares are trading at $182.55, up by over 7%. The stock has outperformed the broader market in recent months, showing strong investor confidence in the company's growth prospects.

Analysts' Outlook

Analysts remain bullish on CrowdStrike, citing the company's continued market share gains and innovative technology. Several analysts have raised their price targets on the stock, with a consensus price target of $225, representing a potential upside of over 23% from current levels.