What's Going On With CrowdStrike Stock Today?
Portfolio Pulse from Adam Eckert
CrowdStrike Holdings Inc (NYSE:CRWD) reported better-than-expected Q2 results and raised its guidance, leading to a rise in its stock price. The company's Q2 revenue increased 37% YoY to $731.63 million, beating estimates of $724.13 million. It also reported earnings of 74 cents per share, surpassing estimates of 56 cents per share. Multiple analysts raised or maintained price targets well above current levels following the results. The company expects Q3 revenue between $775.4 million and $778 million, and full-year 2024 revenue between $3.03 billion and $3.04 billion.
August 31, 2023 | 1:01 pm
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POSITIVE IMPACT
CrowdStrike's better-than-expected Q2 results and raised guidance have led to a rise in its stock price. Multiple analysts have raised or maintained their price targets for the company.
CrowdStrike's strong Q2 results and raised guidance indicate a positive outlook for the company, which has led to a rise in its stock price. This positive news, coupled with the raised or maintained price targets by multiple analysts, suggests a potential short-term upward movement in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100