CrowdStrike Q3: Sellers Have It Backwards -- Reiterating Buy
- CrowdStrike Holdings, Inc. has now reported two quarters, 2QFY25 and 3QFY25, since its summer outage, underscoring two things: resilience and stickiness.
- CrowdStrike surpassed its $4B ending ARR milestone, reporting ARR as $4.02B, ahead of estimates for $4.01B.
- This quarter, CrowdStrike reported a GRR of 97% and net retention of 115%, with customers actually choosing to add products.
- We think CrowdStrike has outperformance in the bag for next year on higher ARR (annual recurring revenue) in FY26, supported by better macro backdrop and management's execution post outage.
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We're picking up our coverage of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) after the company reported its Q3 FY24 results Tuesday after the bell, causing a pre-market pullback on management's softer-than-expected guidance for
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