|Bid||98.91 x 900|
|Ask||98.96 x 1000|
|Day's Range||95.60 - 103.80|
|52 Week Range||31.95 - 103.80|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 02, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||81.41|
Shares of CrowdStrike Holdings (NASDAQ: CRWD), a popular cybersecurity stock, surged 12.5% higher out of the gate Wednesday morning after a sizable "earnings beat" sparked a whole series of hikes to its price target on Wall Street. Expected to report an adjusted loss of $0.06 per share on $165.4 million in sales in its fiscal first quarter of 2020, last night CrowdStrike instead reported a small $0.02 pro forma profit -- and sales of $178.1 million that shot right past the analysts' estimates. Granted, CrowdStrike was not profitable when profit was calculated according to generally accepted accounting principles (GAAP).
CrowdStrike Holdings Inc.’s stock traded near record territory for the first time in nine months as analysts hiked price targets amid the cybersecurity company’s windfall resulting from the push for millions to work from home because of the COVID-19 pandemic.
Cybersecurity company Crowdstrike Holdings Inc (NASDAQ: CRWD) reported first-quarter results Tuesday highlighted by an 89% year-over-year subscription growth, $686 million in annual recurring revenue and improving free cash flow from negative $16.1 million last year to positive $87 million.Here's how some of the Street's top analysts reacted to the report.The Crowdstrike Analysts Needham analyst Alex Henderson maintains at Buy, price target lifted from $105 to $120.Oppenheimer analyst Shaul Eyal maintains at Outperform, price target lifted from $85 to $110.Credit Suisse analyst Brad Zelnick maintains at Neutral, price target lifted from $65 to $80.Tigress Financial Partners CIO Ivan Feinseth commented on Crowdstrike in his daily newsletter. Needham Sees Across-The-Board Strength In Crowdstrike Crowdstrike's go-to-market and highly scalable installation capabilities "shined" in the current "COVID constrained environment," Henderson said in a Wednesday note.This is supported by strength seen nearly across the board in the quarter, the analyst said: * 105% growth in new customers. * Revenue growth of 85% versus 73% on the high end of management's guidance. * Gross margins up 500 basis points to 77%. * Operating margins improved 2,300 basis points year-over-year. * ARR came in $40 million better than expected. * Billings of $243 million beat expectations of $184 million."While a period of consolidation is possible, we think CRWD is a unique investment vehicle with exceptional long-term value potential," the analyst said. Related Link: CrowdStrike Reports Q1 Earnings BeatCrowdstrike's Growth Outlook 'Undervalued,' Oppenheimer Says Crowdstrike reported a strong start to fiscal 2021, showing how it continues to win market share from legacy and even next-generation vendors, Eyal said in a ednesdaynote.The company is also benefiting from the work-from-anywhere trend, which is "the new normal," the analyst said. Looking forward, the company has three "undervalued" catalysts to support the case for total addressable market growth, according to Oppenheimer. They are:View more earnings on CRWDThe partnership with AWS is "bearing fruit," with a 75% year-over-year increase in ARR.Demand is only starting to ramp for IT ops and security automation use cases. The company generates $3.73 of subscription ARR for every $1 spent on incident response requests, up from a previous $2.97.Credit Suisse's Valuation Concerns For Crowdstrike Crowdstrike's "exceptionally strong" earnings report came in well ahead of bull expectations and management's own internal outlook, Zelnick said in a Tuesday note. Crowdstrike's guidance was lifted by 5% at the midpoint and is likely still conservative, the analyst said. Valuation concerns prevent a bullish rating, he said. The research firm revised its fiscal 2021 revenue and non-GAAP EPS estimates from $724 million and negative 13 cents to $763 million and negative 7 cents. The revised $80 price target is based on 18.8 times EV/CY21 revenue.Tigress On Crowdstrike's First Profitable Quarter Crowdstrike's report marks its first quarterly profit since inception due to the strong adoption of the cloud-native platform Falcon, Feinseth said.The company is well-positioned to continue benefiting from increased demand for security at all levels, the analyst said. "The increasing demand for network security driven by both increasing trends in distributed computing and a dispersed workforce will continue to drive further growth," he said. "I believe further upside exists from current levels and continue to recommend purchase along with Akamai Technologies, Inc. (NASDAQ: AKAM) as well."CRWD Price Action Shares of Crowdstrike Holdings were trading higher by 5.79% at $97.59 at the time of publication Wednesday.Related Link:31 Stocks Moving in Wednesday's Pre-Market SessionLatest Ratings for CRWD DateFirmActionFromTo Jun 2020B of A SecuritiesMaintainsBuy Jun 2020BTIGMaintainsBuy Jun 2020Piper SandlerMaintainsOverweight View More Analyst Ratings for CRWD View the Latest Analyst Ratings See more from Benzinga * Morgan Stanley Bullish On Rising App Store Revenue, Raises Apple Price Target * Sanofi's CEO On Cancer Research, Coronavirus Vaccine Progress * Restaurant Stats And Surveys From The Past Week: Signs Of Progress(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The major stock indexes were higher early Wednesday amid continued civil unrest and payroll data. Apple neared an all-time high.
The best cybersecurity stocks are well-positioned in cloud-delivered services. Amid Covid-19, more companies are instructing employees to work from home, creating new computer security issues.
CrowdStrike and MicroChip were early high fliers Wednesday, as Boeing led the Dow Jones and the Nasdaq eyed a new record high.
Shares of Zoom Video (NASDAQ: ZM), CrowdStrike (NASDAQ: CRWD), and Axon Enterprise (NASDAQ: AAXN) are kicking off the first week of June with big gains following improving fundamentals and, in some cases, better-than-expected earnings reports. Zoom Video, CrowdStrike, and Axon Enterprises are hot. Everyone figured Zoom would hit one over the fence for Tuesday afternoon's quarterly earnings swing.
Futures rose amid peaceful protests. Coronavirus stock market rally winner Zoom Video earnings crushed views. Tesla and RH lead stocks that have shot up from deep bases.
CrowdStrike Holdings Inc. shares surge in the extended session Tuesday as the cybersecurity company continues to seize opportunities created by the COVID-19 pandemic, hiking its outlook for the year as quarterly results topped Wall Street expectations with a surprise adjusted profit.
All 11 major sectors closed higher today -- though likely more a function of a lack of fresh news items or economic reads to absorb.
CrowdStrike (CRWD) delivered earnings and revenue surprises of 133.33% and 7.31%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
Cybersecurity firm CrowdStrike swung to a profit in the first quarter while revenue topped estimates. CrowdStrike earnings guidance also came in above expectations. Shares rose.
CrowdStrike Holdings, Inc. (NASDAQ: CRWD) on Tuesday reported first-quarter sales of $178.10 million, which beat the analyst consensus estimate of $165.30 million. This is an 85.37% increase over sales of $96.08 million the same period last year. Earnings of 2 cents per share beat the estimate by 8 cents.CrowdStrike sees second-quarter sales at $185.8-$190.3 million versus the $173.09 million estimate. The company sees fiscal year 2021 sales between $761.2 -$772.6 million versus the $727.5 million estimate.Founded in 2011, CrowdStrike was established with the mission of "reinventing security for the cloud era" to take advantage of the opportunity presented by numerous cyberattacks. The company uses a new approach that uses the network effects of crowdsourced data applied to modern technologies such as artificial intelligence, cloud computing and graphic databases.View more earnings on CRWDCrowdStrike shares were trading up 3.7% at $95.65 in Tuesday's after-hours session. The stock has a 52-week high of $101.88 and a 52-week low of $31.95.Related Links:How CrowdStrike Analysts Are Reacting To Cybersecurity Firm's Q4 PrintCrowdStrike Opens For Trade Well Above IPO PriceSee more from Benzinga * Brexit Update: Coronavirus Creates Further Uncertainty Over UK Trade Agreement * Why Novus Therapeutics Is Trading Lower Today * Why BioHiTech's Stock Is Trading Higher Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The COVID-19 outbreak brought waves of new users to Zoom Video Communications Inc. and Slack Technologies Inc., but this week we find out how many are actually paying for the services, and how much it is costing the companies to support them.
CrowdStrike (CRWD) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.
CrowdStrike's (CRWD) first-quarter fiscal 2020 results reflect the gains from strong demand for its Falcon solution and an expanding customer base.
Hexo, Brinks Company, Zoom Video and Crowdstrike highlighted as Zacks Bull and Bear of the Day
CrowdStrike Holdings (NASDAQ: CRWD) had a great start to its 2021 fiscal year (the quarter that ended April 30, 2020). As a result of the worldwide disruption, CrowdStrike reported a surge in demand generated by work-from-home and shelter-in-place orders, blowing away its previous outlook for revenue growth of 73% in the first quarter. As discussed a few months prior, it's looking like CrowdStrike has a black swan event on its hands -- a rare and hard-to-predict event that has big consequences -- but a black swan event that is propelling it into a leadership role in the cybersecurity industry.
CRWD earnings call for the period ending April 30, 2020.
The company now sees revenue of $185.8 million to $190.3 million for the July quarter, higher than the Wall Street consensus.
CrowdStrike Holdings, Inc., (Nasdaq: CRWD), a leader in cloud-delivered endpoint protection, today announced financial results for the first quarter of its fiscal 2021, ended April 30, 2020.
NEW YORK, NY / ACCESSWIRE / June 2, 2020 / Crowdstrike Holdings Inc - Ordinary Shares - Class A (NASDAQ:CRWD) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held ...
The cybersecurity company continued its rise as the stay-at-home economy put a premium on cloud-based threat intelligence.