Matt Hedberg -- RBC Capital Markets -- Analyst. Hey, Sarah, great to hear your voice as well.

The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. READ: 4 biotech stocks that are ideal takeover targets. Over the last 1 year, CRWD has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time. From the many conversations Mike Carpenter, CrowdStrike's president of global sales and field operations and I have had with CIOs during our 100 by 100 international virtual customer tour, we consistently heard a few themes from both customers and prospects.
For fiscal 2021, CrowdStrike raised its revenue guidance range to $809.1-$826.7 million from $761.2-$772.6 million projected earlier. Hey, nice to see the shift to profitability in the guide. For 32 years, our Strong Buy list has averaged returns more than twice the market. Ma'am, please go ahead. This organization was frequently being attacked by adversaries and the security team was frustrated and fed up with the inability of their patchwork of legacy and next-gen vendors to keep up.

When CrowdStrike Holdings Inc. (NASDAQ: CRWD) reported its fiscal second-quarter results after the markets closed on Thursday, the cybersecurity firm posted $0.03 in earnings per share (EPS) and $199.0 million in revenue. We continued investing aggressively in our business during the quarter, including shifting more of our sales and marketing spend from in-person activities to digital and ramping new hires in key areas. OK. Hey, guys.

Analysts also expect to see strong You know, I think with the trend to work from home, just about everybody knows the companies had to go out and they had to buy more laptops and the device footprint have increased. Yeah, sure. So when you have all of that, it's going to lead to strong unit economics. A discussion of why we use non-GAAP financial measures and a reconciliation schedule showing GAAP versus non-GAAP results is currently available in our press release, which may be found on our investor relations website at ir.crowdstrike.com or on our Form 8-K filed with the SEC today.

Thank you.

Additionally, our gross retention rate remained consistently high and our dollar-based net retention rate once again exceeded 120%. So I know you've been asked about this a little bit, but I wanted to follow-up on Saket's question on what's driving really the better unit economics you've outlined on the call for us, Burt. Share. Our next question comes from Gray Powell of BTIG. Thank you. Our last question comes from the line of Gregg Moskowitz of Mizuho. Analysts Moreover, general & administrative (G&A) expense declined 390 bps to 9%. CrowdStrike added 969 net new subscription customers in the quarter under review. And of course, on the cross-sell expansion, we had a great quarter as well, and we feel that we still have tremendous amount of headroom on both. Thank you so much. Given the growth drivers of our business, as well as, our strong second-quarter performance and momentum into the third quarter, we are raising our guidance for the fiscal year 2021.
Well, thank you.

But more broadly, if you were to look at just the rate and pace of displacement activity in terms of what you're seeing and hearing from your sales force, from your channel, and just kind of look at that over the past few months, has that shifted at all?

Because the Falcon platform is cloud-native and our lightweight agent does not require reboot unlike most of our competitors, customers can easily and remotely deploy, manage, and protect our workloads at scale. Or certainly anything that you're seeing in the pipeline that kind of gives you confidence that this is the right combination of partners. George and I will now take your questions. CrowdStrike stock closed Wednesday at $142.07, with a 52-week range of $31.95 to $153.09. Cash and cash equivalents increased to approximately $1.1 billion. We ultimately displaced three incumbent vendors with Falcon Prevent for next-gen AV, Insight for visibility, Discover for IT hygiene, and OverWatch for threat hunting. So yeah, you know, certainly, they've got some offerings there, but a lot of it is very complex with multiple consoles and harder to really operationalize and I think a lot of people [Inaudible].

The consensus analyst price target is $115.60. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)Q2 2021 Earnings CallSep 02, 2020, 5:00 p.m. And then, where would you rank cloud workloads on the list of your top revenue growth drivers going forward? Thank you. I appreciate the answer.

So we are really excited there. Thanks a lot for taking my questions. Your line is open. For the full fiscal year 2021, we currently expect total revenue to be in the range of $809.1 million to $826.7 million, reflecting a growth rate of 68% to 70% and over the 2020 fiscal year. We may run side by side and then replace a bunch of technologies.

We're obviously excited for the phenomenal quarter that we just put up on the board, even -- even without the oversized deal that George had talked about on the call. Your line is open.

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