CrowdStrike is currently one of the best IPO stocks so far this year, with till-date returns at a massive 147%. As it suggests, expectations are sky high as the company is about to report second-quarter financial results on Thursday, September 5, after the closing bell.
Analysts
expect the Sunnyvale, California- based firm to report a loss of 23 cents per
share, on revenues of $103.58 million. Analysts also expect to see strong
growth in subscriber additions and annual recurring revenue.
The company management had, meanwhile, projected second-quarter losses in the range of 23-24 cents per share and revenues between $103 million and $104 million.
Crowdstrike had recently announced a $20 million fund to invest in startups that focus on endpoint protection, in association with venture capital firm Accel. The fund is for firms that make use of its Falcon endpoint protection platform. The developed applications will be sold through the Crowdstrike Store, launched earlier this year. Check out for any updates on this during the earnings conference call.
Crowdstrike, founded in 2011, specializes in analyzing user behavior in various devices of a network, and uses this data to identify malicious interferences and cyber threats.
According
to the company, its automated threat detection solution can come up with as
many as 2.3 million decisions in a second’s time. It’s software, meanwhile, is
claimed to have the capacity to successfully finish over 100 billion jobs in
just a day.
Rival Palo Alto Networks (NYSE: PANW) is set to report quarterly results on Wednesday.