CrowdStrike Stock is Trading Higher Wednesday: What's Going On?
Portfolio Pulse from Adam Eckert
CrowdStrike Holdings Inc (NASDAQ:CRWD) shares rose after reporting Q3 results that exceeded expectations with a 35% year-over-year revenue increase to $786 million, surpassing estimates. Earnings were at 82 cents per share, beating the 74 cents estimate. The company achieved a record $223 million in new ARR, ending the quarter with over $3 billion in ARR. Guidance for Q4 revenue is between $836.6 million to $840 million, and full-year revenue is expected to be $3.047 billion to $3.05 billion, both in line with estimates. Earnings guidance for Q4 is 81 to 82 cents per share, and full-year earnings are projected at $2.95 to $2.96 per share, above estimates. Several analysts raised their price targets for CRWD following the earnings report.
November 29, 2023 | 2:07 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
CrowdStrike's strong Q3 earnings and revenue beat, along with positive guidance and raised price targets from analysts, suggest a bullish short-term outlook for the stock.
CrowdStrike's reported earnings and revenue beat, along with positive forward guidance, typically lead to positive investor sentiment. The fact that multiple analysts have raised their price targets further supports the likelihood of a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100