Proactive Investors - CrowdStrike Holdings Inc (NASDAQ:CRWD) is expected to report strong year-over-year growth in both its revenue and profits on increased demand for its cybersecurity solutions amid rising threats during the third quarter.
The company is due to hand down its 3Q fiscal 2024 earnings report on Tuesday, November 28 after the market close.
The provider of cloud-based security software expects to report earnings per share (EPS) of $0.74 and revenue in the range of $775.4 million to $778 million.
This is in line with Wall Street estimates of EPS of $0.74 on revenue of $777.18 million and would represent growth of 33.8% and 85% respectively from the year-ago quarter.
Investors will also be on the lookout for any updates to the company’s full-year fiscal 2024 guidance.
CrowdStrike currently expects EPS in the range of $2.80 to $2.84 and revenue between $3.030 to $3.043 billion for the 12 months ending in January 2024, compared to the consensus analyst expectation of EPS of $2.82 on revenue of $3.04 billion.
CrowdStrike shares closed at US$209.61 on Wednesday and have gained about 103% in the year to date.