CrowdStrike (NASDAQ:CRWD) Issues Q2 2022 Earnings Guidance

CrowdStrike (NASDAQ:CRWD) updated its second quarter 2022 earnings guidance on Tuesday. The company provided EPS guidance of $0.070-0.090 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.060. The company issued revenue guidance of $318.30 million-324.40 million, compared to the consensus revenue estimate of $310.19 million.CrowdStrike also updated its FY 2022 guidance to $0.350-0.410 EPS.

A number of brokerages recently issued reports on CRWD. Mizuho lifted their price target on shares of CrowdStrike from $250.00 to $255.00 and gave the company a buy rating in a research report on Friday, June 4th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised their price objective on shares of CrowdStrike from $210.00 to $220.00 and gave the company a neutral rating in a research note on Friday, June 4th. Robert W. Baird raised their price objective on shares of CrowdStrike from $185.00 to $235.00 and gave the company an outperform rating in a research note on Wednesday, March 17th. JMP Securities reduced their price objective on shares of CrowdStrike from $265.00 to $250.00 and set a market outperform rating for the company in a research note on Wednesday, May 19th. They noted that the move was a valuation call. Finally, Credit Suisse Group began coverage on shares of CrowdStrike in a research note on Tuesday, March 16th. They set a neutral rating and a $225.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $239.88.

NASDAQ:CRWD traded up $2.31 during trading hours on Friday, hitting $230.91. 179,055 shares of the stock traded hands, compared to its average volume of 3,923,981. The company has a current ratio of 2.07, a quick ratio of 2.65 and a debt-to-equity ratio of 0.87. CrowdStrike has a 1 year low of $91.05 and a 1 year high of $251.28. The stock has a market capitalization of $51.70 billion, a P/E ratio of -319.56 and a beta of 1.23. The firm has a 50 day moving average of $206.95.

CrowdStrike (NASDAQ:CRWD) last issued 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. CrowdStrike had a negative net margin of 15.86% and a negative return on equity of 11.89%. The business had revenue of $302.80 million for the quarter, compared to the consensus estimate of $291.77 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The company’s revenue for the quarter was up 70.0% on a year-over-year basis. As a group, research analysts forecast that CrowdStrike will post -0.64 earnings per share for the current year.

In other CrowdStrike news, Director Gerhard Watzinger sold 5,000 shares of CrowdStrike stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $199.30, for a total transaction of $996,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Abhishek Maheshwari sold 2,385 shares of the business’s stock in a transaction on Monday, March 22nd. The stock was sold at an average price of $191.90, for a total transaction of $457,681.50. The disclosure for this sale can be found here. Insiders have sold 353,433 shares of company stock worth $71,446,901 in the last ninety days. 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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