CrowdStrike
For the fourth quarter of 2021, CrowdStrike expects revenues of $245.5-250.5 million and adjusted EPS of $0.08-0.09. For the full year of 2021, revenues are estimated to range between $855-860 million while adjusted EPS is projected to be $0.21-0.22.
CrowdStrike’s stock has gained 234% since the beginning of this year.
Zscaler
Zscaler Inc. (NASDAQ: ZS), another provider of cybersecurity services, reported a 52% growth in revenue for the first quarter of 2021 compared to the same period a year ago. Revenues totaled $142.6 million. Calculated billings rose 64% while deferred revenue increased 51%. Adjusted EPS jumped 250% to $0.14.
For the second quarter of 2021, Zscaler expects total revenue of $146-148 million and adjusted EPS of $0.07-0.08. For full year 2021, total revenue is expected to be $608-612 million while adjusted EPS is estimated to be $0.37-0.38.
Both CrowdStrike and Zscaler benefited from an increased demand for workload protection and cybersecurity solutions due to the digital transformation and rapid shift to a remote work environment.
Zscaler’s stock has jumped 290% since the beginning of this year.
DocuSign
DocuSign Inc. (NASDAQ: DOCU), which provides electronic contract management services, delivered a 53% year-over-year growth in revenues to $383 million for the third quarter of 2021. Subscription revenues rose 54% while professional services revenues climbed 43%. Billings increased 63% year-over-year. Adjusted EPS doubled to $0.22 from last year.
As business travel came to a halt, the need to conduct operations virtually and manage agreements electronically boosted demand for the company’s services.
DocuSign expects revenues to range from $404-408 million in the fourth quarter of 2021 and from $1.42-1.43 billion for the full year of 2021.
DocuSign’s stock has climbed 229% since the start of this year.
Cloudera
Data analytics company Cloudera Inc. (NYSE: CLDR) reported revenues of around $218 million for the third quarter of 2021, up 10% year-over-year, with an 18% growth in subscription revenue. Annualized recurring revenue rose 12% year-over-year. Adjusted EPS was $0.15 compared to a loss of $0.03 per share last year.
Cloudera sees vast potential in the data management and analytics market for hybrid multi-cloud solutions and believes it is well-positioned to take advantage of this opportunity.
For the fourth quarter of 2021, the company expects revenues of $219-222 million and adjusted EPS of $0.10-0.12. For FY2021, total revenue is expected to be $862-865 million while adjusted EPS is estimated to be $0.40-0.42.
Cloudera’s stock has gained 20% over the past one month.
Click here to read the full transcripts of these companies’ latest earnings conference calls