CrowdStrike Holdings (CRWD) topped Wall Street’s quarterly estimates and issued a better-than-expected current quarter and full-year outlook, sending the cybersecurity company’s shares surging nearly 24% in after-hours trading Tuesday evening.

For the period ending Jan. 31, the Austin-Texas based company reported adjusted earnings of 95 cents per share, comfortably outpacing analysts’ forecast of 82 cents a share. Revenue in the period of $845 million increased 33% from a year earlier and edged out the $839 million consensus view.

Looking ahead to the current quarter, the cybersecurity company guided adjusted earnings per share of between 89 cents and 90 cents, and projected revenue to range from $902 million to $906 million. Both metrics handily beat Wall Street’s forecasts of 82 cents in adjusted earnings and sales of $899 million.

For the 2025 full fiscal year, CrowdStrike sees earnings ranging between $3.77 and $3.97 a share on revenues of $3.925 billion to $3.989 billion. Analysts had been looking for earnings of $3.76 per share on sales of $3.938 billion.

The company also reiterated its goal of generating $10 billion in annual reoccurring revenue (AAR) by 2030. Its AAR tallied $3.44 billion as of Jan. 31.

In a separate statement on Tuesday afternoon, the company announced that it has agreed to acquire Flow Security in a cash and stock deal aimed at bolstering its cloud data protection. “With the acquisition of Flow Security, we’re expanding our cloud leadership by protecting data in all states as it flows through the cloud, and are redefining the future of data protection by securing data from code, to application, to device and cloud,” the company said.

Leading into earnings, CrowdStrike shares have consolidated above the stock’s prior all-time high (ATH) at $298.48 set in November 2021. Moreover, the 50-week moving average has recently crossed above the 200-week moving average to form a golden cross buy signal. An expected earnings-driven breakout on Wednesday propels the price into unchartered territory, keeping the strong current uptrend intact. It’s worth keeping an eye on a trendline linking several swing lows over the past 14 months, which may help identify key support areas during future retracements.

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As of the date this article was written, the author does not own any of the above securities.