As Growth Accelerates, Is It Time to Buy CrowdStrike Stock?

CrowdStrike (NASDAQ: CRWD) saw its annual recurring revenue (ARR) growth reaccelerate when it reported its fiscal Q3 results, breaking a trend of declining ARR over the past two years. ARR is the annualized value of its high-gross-margin subscription contracts and does not include its professional services revenue.This is a good sign for the cybersecurity company, but is it a reason to buy the stock heading into next year? Let's find out.CrowdStrike turned in a strong quarter, as net new ARR soared 73% to $265 million and total ARR climbed 23% to $4.92 billion. Revenue, meanwhile, climbed 22% to $1.23 billion, which was just ahead of the $1.21 billion consensus as compiled by Factset. Subscription revenue jumped 21% to $1.17 billion. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool