— Dycom Industries Inc. (NYSE: DY) reported its third-quarter 2020 adjusted earnings of $0.88 per share versus $0.72 per share expected.
— Contract revenues rose by 4.2% to $884.1 million versus $849.9 million expected. The contract revenues increased by 4.7% on an organic basis after excluding $3.9 million in contract revenues from storm restoration services.
— Adjusted EBITDA decreased to $91.7 million from $98.6 million in the previous year quarter.
— Looking ahead into the fourth quarter, the company now expects total contract revenues in the range of $700-740 million compared to the consensus estimates of $747.28 million.
— For the fourth quarter, the net loss is predicted to be in the range of $0.27-0.10 per share and adjusted per-share results are anticipated to be between a loss of $0.15 and a profit of $0.02. The consensus estimates EPS of $0.10.
— The company had solid liquidity of $219.6 million at the end of Q3 2020 consisting of availability under the senior credit facility and cash on hand.
Cloudera Inc. (NYSE: CLDR) reported a narrower loss in the first quarter of 2021 driven by lower costs and expenses as well as higher revenue. The results exceeded analysts' expectations.
CrowdStrike Holdings Inc. (NASDAQ: CRWD) has witnessed strong momentum with the stock gaining over 96% since the beginning of the year. The company delivered strong results for the first quarter
Internet security has been evolving over time, aided by the rapid adoption of cloud computing, the ubiquity of mobile phones, and the growing threats that cause serious problems to enterprises