Analysts anticipate revenue growth despite CrowdStrike's July outage
- CrowdStrike is expected to report third-quarter revenue between $979.2 million and $984.7 million.
- Analysts remain optimistic about the company's recovery from a significant outage in July, noting sustained customer confidence.
- The upcoming earnings report is crucial for assessing the company's ability to navigate challenges and maintain growth.
In the United States, CrowdStrike Holdings is set to report their third-quarter earnings, highlighting a projected revenue increase from $786.01 million to between $979.2 million and $984.7 million compared to the same quarter last year. Analysts expect the company's earnings per share to be around 81 cents, a slight decrease from 82 cents in the previous year, but still consistent with their historical performance of beating estimates for more than 10 consecutive quarters. Following a significant IT outage in July, often cited as one of the largest in history, customers appear to remain confident in the company, with reports suggesting minimal customer churn despite some delayed renewals. Observers are particularly focused on two aspects: the impact of this outage on customer relations and the ongoing adjustments the company is making to maintain its client base.