In an interview on CNBC’s Mad Money, George Kurtz said ARR is a forward looking indicator of the health of the business. “This is the first quarter we’ve accelerated net new ARR,” he noted. “Our technology is sticky. If people use it, there is a 95% chance they will renew it.”
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRWD:
- CrowdStrike CEO: The health of the business is judged by ARR
- Nvidia reports Q2 beat, Snowflake posts ‘beat and raise’: Morning Buzz
- CrowdStrike price target lowered to $440 from $480 at Scotiabank
- CrowdStrike price target lowered to $475 from $530 at Needham
- CrowdStrike price target lowered to $430 from $450 at Mizuho
