CrowdStrike stock up 10% on Q4 earnings: sell into the strength?

Shares of CrowdStrike Holdings Inc (NASDAQ: CRWD) jumped 10% in extended trading on Tuesday after reporting market-beating results for its fourth financial quarter.

CrowdStrike stock up on strong guidance

Investors also cheered the company’s guidance that surpassed analysts’ estimates. CrowdStrike now forecasts 50 cents to 51 cents of adjusted per-share earnings in its current quarter on up to $678.2 million in revenue.

In comparison, experts had called for 42 cents per share and $663.3 million, respectively. Sharing his post earnings view on CrowdStrike stock, New Street Advisors’ Delano Saporu said:

CrowdStrike’s full-year outlook also topped expectations. The cybersecurity stock is now up over 30% year-to-date.

Notable figures in CrowdStrike Q4 earnings print

• Lost $47.5 million versus the year-ago $42 million
• Per-share loss also expanded from 18 cents to 20 cents
• Adjusted net income printed at 47 cents per share
• Revenue climbed 48% year-on-year to $637.4 million
• Consensus was 43 cents loss and $625 million revenue

Is CrowdStrike a ‘buy’ at the current price?

Other notable figures in the earnings press release include a 48% increase in annual recurring revenue to $2.56 billion – also better than expected. On CNBC’s Special: Taking Stock, Saporu added:

His constructive view is in line with Wall Street that also currently has a consensus “buy” rating on CrowdStrike stock.