CrowdStrike A 'Long-Term Winner'? 5 Analysts Look At Q2 Print For Answers
Portfolio Pulse from AJ Fabino
CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are trading nearly 10% higher after the company issued its second-quarter earnings results. The company reported revenues of $731.63 million, a 37% increase YoY, beating the $724.13 million analyst estimate. Earnings per share were 74 cents, surpassing the 56-cent analyst estimate. Analysts from Stifel, Cantor Fitzgerald, Oppenheimer, Needham, and Keybanc Capital Markets provided mixed reviews, with some expressing concerns over decelerating growth rate and competitive environment, while others were optimistic about the company's prospects in Cloud Security, Identity Protection, and LogScale.
August 31, 2023 | 4:11 pm
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CrowdStrike's Q2 earnings beat estimates, leading to a nearly 10% increase in share price. Analysts' views on the company's future growth are mixed.
CrowdStrike's better-than-expected Q2 earnings have led to a significant increase in its share price. However, analysts' views on the company's future growth are mixed, which could lead to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100