CrowdStrike shares surge 7% as outlook, earnings come on strong
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CrowdStrike Holdings (NASDAQ:CRWD) shares climbed more than 7% in after-hours trading Tuesday in the wake of the cybersecurity technology company forecasting upbeat revenue growth on the heels of a better-than-expected fourth-quarter earnings report.
For its fiscal first quarter, CrowdStrike (CRWD) estimates it will earn between 50 cents and 51 cents a share, on revenue in a range of $674.9M to $678.2M. 
That outlook came along with CrowdStrike (CRWD) reporting a fourth-quarter profit of 47 cents a share, excluding one-time items, on revenue of $637.4M. Wall Street analysts had forecast CrowdStrike (CRWD) to earn 43 cents a share, on $626.8M.
During the same period a year ago, CrowdStrike (CRWD) earned 30 cents a share, excluding one-time items, on revenue of $405.4M. The company added $222M in annual recurring revenue during the quarter, to end its fiscal year with an ARR of $2.56B.
The company said it added 1,873 net new subscription customers to give it 23,019 subscription customers.
CrowdStrike (CRWD) specializes in machine learning for its cybersecurity technology products that are used to detect malware on devices that use corporate networks.
Wall Street analysts currently have a consensus strong buy rating on CrowdStrike's (CRWD) stock, while Seeking Alpha authors give the shares a rating of buy. Meanwhile, Seeking Alpha's Quant System, which historically outperforms the stock market, gives CrowdStrike's shares a more-modest hold rating.