Streetbeat News

CRWD

CrowdStrike Holdings, Inc.

https://www.crowdstrike.com

Industry

Software - Infrastructure

CrowdStrike Holdings, Inc. provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners. It serves customers worldwide. The company was incorporated in 2011 and is based in Austin, Texas.

Open

340.40

Mkt cap

83B

Volume

3.4M

High

343.00

P/E Ratio

488.04

52-wk high

398.33

Low

332.75

Div yield

N/A

52-wk low

200.81

Needham analyst Alex Henderson maintains a 'Buy' rating on CrowdStrike Holdings (NASDAQ:CRWD) and raises the price target from $170 to $200.

Portfolio Pulse from richadhand@benzinga.com

August 31, 2023 | 10:42 am

US stocks ended in the green on Wednesday with the Nasdaq Composite marking a gain of around 75 points. The Dow Jones Industrial Average edged up by 0.11%, while the NASDAQ climbed by 0.54%. The S&P 500 also witnessed an uptick, rising by 0.38%. iCoreConnect Inc. (NASDAQ:ICCT) surged by 118.89% after closing its business combination with FG Merger Corp. Chewy, Inc. (NYSE:CHWY) reported a 14.3% YoY increase in its Q2 net sales. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) reported a 37% YoY increase in its Q2 revenue. Salesforce, Inc. (NYSE:CRM) reported an 11% YoY increase in its Q2 revenue. Tesla, Inc. (NASDAQ:TSLA) experienced a slight decrease of 0.11%.

Portfolio Pulse from Benzinga Neuro

August 31, 2023 | 2:14 am

CrowdStrike Holdings Inc (NYSE:CRWD) reported Q2 earnings that beat estimates, with revenue of $731.63 million and EPS of 74 cents. Revenue was up 37% YoY, and annual recurring revenue grew 37% to $2.93 billion. The company ended the quarter with $3.17 billion in cash and equivalents. For Q3, CrowdStrike anticipates revenue between $775.4 million and $778 million, and earnings of 74 cents per share. For full-year 2024, the company expects revenue between $3.03 billion and $3.04 billion, and earnings between $2.80 and $2.84 per share.

Portfolio Pulse from Adam Eckert

August 30, 2023 | 8:33 pm

CrowdStrike Holdings has increased its guidance for FY24, expecting EPS of $2.80-$2.84, up from the estimated $2.39, and revenue of $3.03B-$3.04B, slightly above the estimated $3.02B. The company's Q3 FY24 guidance includes total revenue of $775.4M-$778.0M and non-GAAP net income of $179.8M-$181.8M.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:08 pm

CrowdStrike Holdings has projected its Q3 earnings per share (EPS) to be $0.74, higher than the estimated $0.6. The company also expects its revenue to be between $775.4M and $778M, surpassing the estimated $773.97M.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:07 pm

CrowdStrike Holdings reported Q2 earnings of $0.74 per share, beating the analyst consensus estimate of $0.56 by 32.14%. The company also reported quarterly sales of $731.63 million, beating the estimate of $724.13 million by 1.04%. This represents a 105.56% increase in earnings and a 36.71% increase in sales compared to the same period last year.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 8:06 pm

The US stock rally may cool off as focus shifts to Q2 GDP and private jobs data. The tech sector could face selling pressure due to earnings-related sell-offs from companies like HP, Inc. The market is also awaiting ADP's private payrolls report and preliminary Q2 GDP data. The Nasdaq Composite and the S&P 500 indices ended at their highest levels since early August. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF fell slightly. Stocks in focus include HP, Box, Inc., Ambarella, Inc., Brown-Forman Corporation, and Patterson Companies, Inc.

Portfolio Pulse from Shanthi Rexaline

August 30, 2023 | 10:57 am

Needham analyst Alex Henderson reiterated a Buy rating for CrowdStrike Holdings Inc (CRWD) with a $170 price target, expecting the company to beat conservative estimates due to a stabilizing demand environment and vigorous channel checks. The analyst also noted CrowdStrike's robust AI-driven platform and its increasing strength in Enterprise customers. However, Microsoft Corp's (MSFT) E5 bundling and traction with Defender could pose a threat to CRWD's pricing.

Portfolio Pulse from Anusuya Lahiri

August 29, 2023 | 7:29 pm

Unusual options activity has been observed for CrowdStrike Holdings (NASDAQ:CRWD), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $125.0 to $165.0 for CrowdStrike Holdings over the last 3 months. The price of CRWD is up 2.17% at $147.16. Several experts have downgraded their ratings on CrowdStrike, with price targets ranging from $167 to $178.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 5:45 pm

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is set to release its Q2 2024 financial results on August 30, 2023. The options market predicts a stock decline, with CrowdStrike trading about 2x its average daily put volume. Analysts expect the company to report quarterly earnings at 56 cents per share on revenue of $724.13 million.

Portfolio Pulse from Lisa Levin

August 29, 2023 | 12:32 pm

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