Will CrowdStrike Have A Weak Q2? 4 Analysts On 'Solid' Q1 Print, Macro Pressures
Portfolio Pulse from Priya Nigam
CrowdStrike Holdings Inc (NASDAQ:CRWD) shares dropped despite reporting upbeat Q1 earnings. Analysts from Guggenheim Securities, Needham, Truist, and William Blair maintained positive ratings and price targets. The decline in new annual recurring revenue and net revenue retention is attributed to macroeconomic softness.
June 01, 2023 | 2:58 pm
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NEUTRAL IMPACT
CrowdStrike's Q1 earnings were strong, but shares dropped due to macroeconomic pressures affecting new annual recurring revenue and net revenue retention. Analysts maintain positive ratings.
CrowdStrike reported strong Q1 earnings, but its stock price dropped due to macroeconomic pressures affecting new annual recurring revenue and net revenue retention. Despite this, analysts from Guggenheim Securities, Needham, Truist, and William Blair maintained positive ratings and price targets, indicating that the company's fundamentals remain strong. The short-term impact on the stock price is neutral as the market digests the mixed results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100