Where Will CrowdStrike Stock Be in 1 Year?

's (NASDAQ: CRWD) stock surged 24% during after hours trading on March 5 following the release of its latest earnings report. For the fourth quarter of fiscal 2024, which ended on Jan. 30, the cloud-based cybersecurity company's revenue rose 33% year over year to $845.3 million and surpassed analysts' expectations by $5.3 million.

Its adjusted net income grew 112% to $236.2 million, or $0.95 per share, which also cleared the consensus forecast by $0.13. On a generally accepted accounting principles (GAAP) basis, it posted a net profit of $53.7 million -- which marked its fourth consecutive quarter of GAAP profitability and a big improvement from its net loss of $47.5 million a year ago. Those headline numbers looked healthy, but can CrowdStrike's stock head even higher over the next 12 months?

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Source Fool.com