Crowdstrike (NASDAQ:CRWD) Releases Q4 Earnings Guidance

Share on StockTwits

Crowdstrike (NASDAQ:CRWD) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of ($0.09-0.08) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.11). The company issued revenue guidance of $135.9-138.6 million, compared to the consensus revenue estimate of $127.18 million.

Shares of Crowdstrike stock traded down $2.03 on Thursday, reaching $52.95. The company had a trading volume of 3,501,400 shares, compared to its average volume of 2,691,226. The firm’s 50-day simple moving average is $51.84. Crowdstrike has a 1 year low of $44.58 and a 1 year high of $101.88.

Crowdstrike (NASDAQ:CRWD) last issued its quarterly earnings results on Thursday, September 5th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.25. The company had revenue of $108.10 million during the quarter, compared to the consensus estimate of $103.79 million. The business’s revenue was up 94.1% compared to the same quarter last year. Equities analysts expect that Crowdstrike will post -1.06 EPS for the current year.

Several equities research analysts have recently weighed in on the stock. Citigroup initiated coverage on shares of Crowdstrike in a research note on Monday, October 14th. They issued a sell rating and a $43.00 target price on the stock. Bank of America reaffirmed a buy rating and set a $103.00 price target (up from $89.00) on shares of Crowdstrike in a research note on Tuesday, August 13th. Royal Bank of Canada cut their price target on shares of Crowdstrike from $83.00 to $67.00 and set a sector perform rating on the stock in a report on Wednesday. Summit Insights began coverage on shares of Crowdstrike in a research note on Wednesday, August 28th. They issued a hold rating and a $75.00 price objective for the company. Finally, Macquarie boosted their target price on Crowdstrike from $100.00 to $105.00 and gave the company an outperform rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $78.42.

Further Reading: Risk Tolerance

Earnings History and Estimates for Crowdstrike (NASDAQ:CRWD)

Receive News & Ratings for Crowdstrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crowdstrike and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.