While the big outage from this summer continues to affect CrowdStrike, the company is managing it well and seeing 97% gross customer retention in the quarter. However, it said the incident has caused an extended sales cycle and increased scrutiny around customers approving deals.

CrowdStrike beats Q3 estimates with $1.01B revenue but shares drop on cautious Q4 outlook. ARR grows 27% year-over-year, hitting $4.02B.

CrowdStrike Holdings, Inc. CRWD reported non-GAAP earnings of 93 cents per share in the third quarter of fiscal 2025, which surpassed the Zacks Consensus Estimate by 14.8% and came ahead of management’s guidance of 80-81 cents.

CrowdStrike's strong growth is impressive, but at 57x forward FCF, the risk-reward balance is too tight for me. Read why I remain neutral on CRWD stock.