05:50 AM EST, 03/06/2024 (MT Newswires) -- (Updates with premarket stock move in the headline and the first paragraph.)

CrowdStrike ( CRWD ) shares surged 23% in premarket activity on Wednesday after the company reported Q4 earnings that more than doubled from a year ago and the soaring revenue was ahead of the consensus.

The company reported late Tuesday fiscal Q4 non-GAAP diluted earnings of $0.95 per share, up from $0.47 a year earlier.

Analysts polled by Capital IQ expected $0.82.

Revenue for the quarter ended Jan. 31 was $845.3 million, up from $637.4 million a year earlier. Analysts surveyed by Capital IQ expected $840.0 million.

For fiscal Q1, the company expects non-GAAP diluted EPS of $0.89 to $0.90 on revenue of $902.2 million to $905.8 million. Analysts polled by Capital IQ expect $0.82 and $901.1 million, respectively.

For fiscal 2025, it expects non-GAAP diluted EPS of $3.77 to $3.97 on revenue of $3.92 billion to $3.99 billion. Analysts in a Capital IQ survey are looking for $3.76 and $3.94 billion, respectively.

Additionally, CrowdStrike ( CRWD ) said it has agreed to acquire Flow Security to expand its cloud security service offering.

Financial terms weren't disclosed, but the company said the transaction is mainly in cash, with a portion in equity subject to vesting conditions.

CrowdStrike ( CRWD ) expects to complete the acquisition during its fiscal Q1, subject to customary closing conditions.