CrowdStrike Holdings Inc (NASDAQ:CRWD) reported better-than-expected financial results for the fourth quarter but weak profit guidance saw the cybersecurity firm’s shares fall almost 9% on Wednesday.
The company projected earnings for the first quarter between $0.64 and $0.66 per share, significantly below the consensus estimate of $0.95 per share.
For the full year, earnings are expected to be between $3.33 and $3.45 per share, which is also below analysts' forecasts of $4.40 per share.
Revenue for fiscal 2026 was projected to be between $4.744 billion and $4.805 billion, in line with analyst expectations of $4.77 billion.
For the fourth quarter, which ended in January, CrowdStrike's revenue increased 25% year-over-year to $1.06 billion, ahead of estimates of $1.03 billion.
Annual recurring revenue (ARR) grew to $4.24 billion, of which $224.3 billion was net ARR added during Q4.
Earnings per share of $1.03 beat the consensus $0.86.
"We achieved fourth quarter results above all guided metrics,” CrowdStrike chief financial officer Burt Podbere said in a statement.
“The fundamental strengths of our business reflected in our strong customer retention, accelerating module adoption, and multiple large growth opportunities, give us confidence in our ability to achieve our target model by fiscal year 2029 and deliver long-term profitable growth."
Shares of CrowdStrike were down 8.9% at about $355 late morning on Wednesday.