Shares of CrowdStrike (NASDAQ: CRWD) initially dipped this morning, as much as 3.2%, before rebounding to a 4.3% gain as of 2:08 p.m. ET.
CrowdStrike delivered earnings last night that beat expectations, as has been the pattern for the formidable cybersecurity company. And while it looked as though slightly underwhelming guidance for next quarter initially led to a sell-off, investors who took time to listen to management’s comments and view the longer-term picture eventually sent the stock higher.
In its fiscal second quarter, CrowdStrike delivered revenue growth of 21.4% to $1.17 billion, ahead of expectations, with adjusted (non-GAAP) earnings per share of $0.93, up just 5.7%, but also ahead of expectations.