Crowdstrike (NASDAQ:CRWD) Releases Q2 Earnings Guidance

Crowdstrike (NASDAQ:CRWD) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $(0.02)-0.00 for the period, compared to the Thomson Reuters consensus estimate of ($0.06). The company issued revenue guidance of $185.8-190.3 million, compared to the consensus revenue estimate of $173.12 million.Crowdstrike also updated its FY 2021
After-Hours guidance to -0.08–0.05 EPS.

Shares of Crowdstrike stock traded down $2.59 during trading on Tuesday, reaching $92.25. The company had a trading volume of 12,685,676 shares, compared to its average volume of 5,485,477. The company has a market cap of $18.05 billion and a price-to-earnings ratio of -73.21. The firm’s fifty day moving average is $74.05 and its 200-day moving average is $59.99. Crowdstrike has a fifty-two week low of $31.95 and a fifty-two week high of $101.88.

Crowdstrike (NASDAQ:CRWD) last issued its earnings results on Thursday, March 19th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. The business had revenue of $152.10 million for the quarter, compared to analyst estimates of $137.80 million. Crowdstrike had a negative net margin of 29.45% and a negative return on equity of 33.49%. The business’s revenue for the quarter was up 88.9% on a year-over-year basis. On average, equities analysts forecast that Crowdstrike will post -0.5 EPS for the current fiscal year.

CRWD has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Crowdstrike from a hold rating to a buy rating in a research note on Tuesday, March 3rd. Robert W. Baird reiterated a hold rating and set a $57.00 price objective (up previously from $53.00) on shares of Crowdstrike in a research note on Friday, March 20th. Needham & Company LLC increased their price objective on shares of Crowdstrike from $92.00 to $105.00 and gave the stock a buy rating in a research note on Monday. Credit Suisse Group increased their price objective on shares of Crowdstrike from $60.00 to $65.00 and gave the stock a neutral rating in a research note on Thursday, March 26th. Finally, Mizuho reiterated a buy rating and set a $85.00 price objective on shares of Crowdstrike in a research note on Friday, March 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $78.44.

In other news, insider Michael J. Carpenter sold 3,000 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $70.00, for a total value of $210,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Burt W. Podbere sold 1,349 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $46.65, for a total transaction of $62,930.85. Following the completion of the transaction, the chief financial officer now owns 10,823 shares of the company’s stock, valued at $504,892.95. The disclosure for this sale can be found here. Insiders sold 10,986,433 shares of company stock valued at $642,620,485 over the last quarter. Insiders own 11.32% of the company’s stock.

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Earnings History and Estimates for Crowdstrike (NASDAQ:CRWD)

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