CrowdStrike Set to Announce Q2 Earnings Amid Analyst Updates
CrowdStrike Anticipates Earnings Report
CrowdStrike Holdings, Inc. (NASDAQ: CRWD) is gearing up to announce its earnings for the second quarter. The announcement is set to take place after the closing bell on an upcoming Wednesday. Investors and market followers are keenly awaiting insights from the company's financial performance.
Quarterly Earnings Expectations
Analysts are forecasting that CrowdStrike will report earnings of approximately 83 cents per share. This represents a decline compared to the $1.04 per share recorded during the same period last year. However, the company is also expected to report a quarterly revenue of around $1.15 billion, marking a significant increase from last year's revenue of $963.87 million.
Recent Performance Overview
Previously, CrowdStrike missed analyst expectations regarding earnings per share in the first quarter, even though it surpassed estimates in nine out of the last ten quarters overall. This trend adds a layer of complexity as investors weigh current expectations against the company's historical performance.
Current Stock Performance
On the stock market front, shares of CrowdStrike recently saw a marginal decline, closing at $417.60, a drop of 0.3%. Despite the slight downturn, many investors remain optimistic about the company's long-term growth trajectory.
Analyst Ratings and Insights
Interest in CrowdStrike’s stock has been notable, as several analysts provide their insights. Here are some of the latest ratings and price targets from prominent analysts:
Cantor Fitzgerald's Rating
Analyst Jonathan Ruykhaver from Cantor Fitzgerald reiterated an Overweight rating, setting a price target of $475 for the stock, reflecting a trust in CrowdStrike's potential growth.
BMO Capital's Outlook
Keith Bachman from BMO Capital indicated an Outperform rating but adjusted the price target down from $500 to $460, showcasing a cautious yet positive stance toward the stock.
Evercore ISI Group's Perspective
Peter Levine of Evercore ISI maintained an In-Line rating while reducing the price target from $440 to $425, signaling a need for further scrutiny regarding CrowdStrike's performance.
Jefferies' Positive Rating
Joseph Gallo from Jefferies confirmed a Buy rating, raising their price target from $520 to $530, indicating an endorsement of CrowdStrike’s growth outlook moving forward.
Morgan Stanley's Downgrade
Hamza Fodderwala of Morgan Stanley adjusted their outlook by downgrading the stock from Overweight to Equal-Weight while raising the price target slightly from $490 to $495, displaying a more cautious approach.
Investment Considerations
For anyone considering investing in CRWD stock, these analyst opinions provide a snapshot of the current market sentiment. While some analysts remain bullish, others are showing measured caution. It’s crucial for investors to weigh these perspectives carefully when making decisions.
Frequently Asked Questions
What are CrowdStrike's earnings expectations for Q2?
Analysts anticipate earnings of approximately 83 cents per share, down from $1.04 per share last year.
What revenue is CrowdStrike expected to report?
The company is expected to report quarterly revenue of around $1.15 billion, an increase from last year's revenue.
How did CrowdStrike perform in previous quarters?
CrowdStrike missed earnings per share estimates in the first quarter but has beaten expectations in nine of the last ten quarters.
What recent stock price movement has been observed?
The stock closed at $417.60, marking a decline of 0.3% recently.
What do analysts currently think about CRWD stock?
Analysts have mixed ratings, with some reiterating positive ratings while others show caution in their outlooks.
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