CrowdStrike reported Q1 revenue of $1.39 billion and EPS of $1.10, beating estimates, but shares fell post-earnings.
CrowdStrike reported fiscal first-quarter revenue of $1.39 billion, up 26% year-over-year and above the $1.36 billion consensus estimate. Adjusted earnings per share rose 51% to $1.10, surpassing the $1.07 estimate. Despite the beat, shares fell over 11% to around $664 after hours.
The company also announced a 4-for-1 stock split, with trading on a split-adjusted basis set to begin July 2. CrowdStrike had closed at a record high of $782 on Monday. Analysts raised price targets to $750 from $650 but maintained a hold rating, citing near-term volatility.
The sell-off mirrored post-earnings reactions in other cybersecurity stocks, though the report reinforced AI adoption as a growth driver for the sector.