CrowdStrike Holdings Inc. shares tumbled in the extended session Thursday after the cybersecurity company didn’t provide as aggressive an outlook as it had in the previous quarter and fielded questions on how recently announced acquisitions of competitors by partners will affect its business.

CrowdStrike

CRWD, +1.81%

 shares dropped 9% after hours, following a 1.8% rise in the regular session to close at $86.85. As of the close, shares were 155% above their IPO pricing.

CrowdStrike forecast results better than the Street estimated, but not as aggressive a beat as the company estimated in its first earnings report as a public company, when CrowdStrike saw its shares surge nearly 15% the next day.

CrowdStrike expects an adjusted loss of 12 cents to 11 cents a share on revenue of $117.1 million to $119.5 million for the third quarter, while analysts estimated a loss of 13 cents a share on revenue of $111.1 million.

For the year, CrowdStrike also improved its outlook for the year for an adjusted loss of 65 cents to 62 cents a share on revenue of $445.4 million to $451.8 million for the year, while analysts estimate a loss of 71 cents a share on revenue of $435 million for the year.

Back in July, however, CrowdStrike had forecast a second-quarter adjusted loss of 24 cents to 23 cents a share on revenue of $103 million to $104 million, when analysts had been looking for a loss of 31 cents a share on revenue of $96.7 million. Also, for the year, CrowdStrike had forecast in July an adjusted loss of 72 cents to 70 cents on revenue of $430.2 million to $436.4 million for the year, when analysts had previously been looking for a loss of $1.02 a share on revenue of $412.3 million for the year.

On Thursday’s conference call, analysts peppered CrowdStrike Chief Executive George Kurtz with questions on how VMware Inc.’s

VMW, +1.70%

 announced acquisition of cybersecurity company Carbon Black Inc.

CBLK, +0.04%

 will affect CrowdStrike’s partnership with SecureWorks and Dell Technologies Inc.

DELL, +3.36%,

which owns a majority stake in VMware.

Kurtz called the relationship with Dell and SecureWorks “business as usual” and noted that Carbon Black was a partner with SecureWorks many years ago.

“So, ultimately we think that the best technology is going to win out, and some of these relationships actually even predate us,” Kurtz said. “We’ll let the customers decide which technology is best.”

Given CrowdStrike is a cloud-native company, Kurtz said that competitors trying to accelerate their move to the cloud just creates another buying opportunity for CrowdStrike.

“If they’re going to look at the cloud vendor, they might as well look at the best out there,” Kurtz said. “So, we like that dynamic. We view all these acquisitions as a net positive for us and we’re excited.”

Late Thursday, CrowdStrike reported a fiscal second-quarter loss of $51.9 million, or 40 cents a share, compared with a loss of $32.9 million, or 75 cents a share, in the year-ago period. The adjusted loss was 18 cents a share. Revenue nearly doubled from a year ago, surging to $108.1 million from $55.7 million in the year-ago quarter.

Analysts surveyed by FactSet had estimated a loss of 23 cents a share on revenue of $103.8 million.

The company also added a record number of net new subscription customers for the quarter, 730, for a total of 3,789 subscription customers as of July 31.

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2019-09-05