CrowdStrike (NASDAQ:CRWD) Updates FY 2022 Earnings Guidance

CrowdStrike (NASDAQ:CRWD) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.350-0.410 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.300. The company issued revenue guidance of $1.35 billion-1.37 billion, compared to the consensus revenue estimate of $1.32 billion.CrowdStrike also updated its Q2 2022 guidance to $0.070-0.090 EPS.

CRWD traded up $2.31 during midday trading on Friday, hitting $230.91. The company had a trading volume of 179,055 shares, compared to its average volume of 3,923,981. CrowdStrike has a 52 week low of $91.05 and a 52 week high of $251.28. The company has a quick ratio of 2.65, a current ratio of 2.07 and a debt-to-equity ratio of 0.87. The stock has a market cap of $51.70 billion, a P/E ratio of -319.56 and a beta of 1.23. The stock’s 50 day simple moving average is $206.95.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, June 2nd. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.04. The firm had revenue of $302.80 million during the quarter, compared to the consensus estimate of $291.77 million. CrowdStrike had a negative net margin of 15.86% and a negative return on equity of 11.89%. The business’s revenue was up 70.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share. Sell-side analysts forecast that CrowdStrike will post -0.64 EPS for the current fiscal year.

CRWD has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of CrowdStrike from $210.00 to $220.00 and gave the stock a neutral rating in a research report on Friday, June 4th. UBS Group decreased their target price on shares of CrowdStrike from $275.00 to $260.00 and set a buy rating for the company in a research report on Wednesday, March 17th. Cowen initiated coverage on shares of CrowdStrike in a research report on Wednesday, May 26th. They set an outperform rating and a $250.00 target price for the company. Canaccord Genuity initiated coverage on shares of CrowdStrike in a research report on Tuesday, February 16th. They set a buy rating and a $280.00 target price for the company. Finally, Bank of America reissued a buy rating and set a $250.00 target price on shares of CrowdStrike in a research report on Wednesday, March 17th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. CrowdStrike currently has a consensus rating of Buy and an average price target of $239.88.

In other CrowdStrike news, Director Gerhard Watzinger sold 5,000 shares of the business’s stock in a transaction dated Tuesday, June 1st. The shares were sold at an average price of $223.11, for a total value of $1,115,550.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $200.69, for a total transaction of $802,760.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 353,433 shares of company stock worth $71,446,901. Corporate insiders own 8.64% of the company’s stock.

About CrowdStrike

CrowdStrike Holdings, Inc provides cloud-delivered solutions for endpoint and cloud workload protection in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom. It offers 19 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

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Earnings History and Estimates for CrowdStrike (NASDAQ:CRWD)

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