Jefferies analysts are gearing up for CrowdStrike Holdings Inc.’s (NASDAQ:) upcoming earnings report, which they anticipate will be a “clearing event” for the cybersecurity giant.
In a note to clients Thursday, the firm said that despite challenges stemming from the recent IT outage linked to a CrowdStrike update for Windows, Jefferies expects the company to report approximately 31% year-over-year ARR (Annual Recurring Revenue) growth.
However, the focus will likely be on CrowdStrike’s FY25 guidance and its implications for future growth.
Jefferies predicts that CrowdStrike will guide FY25 ARR growth to around 24-25%, slightly below the consensus estimate of 25.4%.
The analysts note that while CrowdStrike typically offers “fearless guidance,” there’s a possibility the company could issue more conservative figures this time. This “kitchen sink” approach to guidance could help…
