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CrowdStrike Holdings (CRWD) Dips More Than Broader Markets: What You Should Know
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CrowdStrike Holdings (CRWD - Free Report) closed at $235.22 in the latest trading session, marking a -1.93% move from the prior day. This move lagged the S&P 500's daily loss of 1.21%. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq lost 0.19%.
Heading into today, shares of the cloud-based security company had gained 26.47% over the past month, outpacing the Computer and Technology sector's gain of 4.11% and the S&P 500's gain of 5.85% in that time.
Wall Street will be looking for positivity from CrowdStrike Holdings as it approaches its next earnings report date. The company is expected to report EPS of $0.24, up 140% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $464.82 million, up 53.49% from the prior-year quarter.
CRWD's full-year Zacks Consensus Estimates are calling for earnings of $1.12 per share and revenue of $2.16 billion. These results would represent year-over-year changes of +67.16% and +48.59%, respectively.
It is also important to note the recent changes to analyst estimates for CrowdStrike Holdings. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.42% lower. CrowdStrike Holdings is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that CrowdStrike Holdings has a Forward P/E ratio of 213.47 right now. This valuation marks a premium compared to its industry's average Forward P/E of 54.75.
It is also worth noting that CRWD currently has a PEG ratio of 5.65. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Internet - Software stocks are, on average, holding a PEG ratio of 3.13 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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CrowdStrike Holdings (CRWD) Dips More Than Broader Markets: What You Should Know
CrowdStrike Holdings (CRWD - Free Report) closed at $235.22 in the latest trading session, marking a -1.93% move from the prior day. This move lagged the S&P 500's daily loss of 1.21%. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq lost 0.19%.
Heading into today, shares of the cloud-based security company had gained 26.47% over the past month, outpacing the Computer and Technology sector's gain of 4.11% and the S&P 500's gain of 5.85% in that time.
Wall Street will be looking for positivity from CrowdStrike Holdings as it approaches its next earnings report date. The company is expected to report EPS of $0.24, up 140% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $464.82 million, up 53.49% from the prior-year quarter.
CRWD's full-year Zacks Consensus Estimates are calling for earnings of $1.12 per share and revenue of $2.16 billion. These results would represent year-over-year changes of +67.16% and +48.59%, respectively.
It is also important to note the recent changes to analyst estimates for CrowdStrike Holdings. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.42% lower. CrowdStrike Holdings is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that CrowdStrike Holdings has a Forward P/E ratio of 213.47 right now. This valuation marks a premium compared to its industry's average Forward P/E of 54.75.
It is also worth noting that CRWD currently has a PEG ratio of 5.65. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Internet - Software stocks are, on average, holding a PEG ratio of 3.13 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.