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CrowdStrike Holdings (CRWD) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, CrowdStrike Holdings (CRWD - Free Report) closed at $117.44, marking a -0.16% move from the previous day. This change lagged the S&P 500's daily gain of 0.53%. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 5.2%.
Coming into today, shares of the cloud-based security company had gained 16.67% in the past month. In that same time, the Computer and Technology sector gained 0.96%, while the S&P 500 gained 0.67%.
Investors will be hoping for strength from CrowdStrike Holdings as it approaches its next earnings release, which is expected to be March 7, 2023. In that report, analysts expect CrowdStrike Holdings to post earnings of $0.43 per share. This would mark year-over-year growth of 43.33%. Meanwhile, our latest consensus estimate is calling for revenue of $624.68 million, up 44.93% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for CrowdStrike Holdings. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.1% higher. CrowdStrike Holdings is currently a Zacks Rank #3 (Hold).
In terms of valuation, CrowdStrike Holdings is currently trading at a Forward P/E ratio of 58.84. For comparison, its industry has an average Forward P/E of 41.79, which means CrowdStrike Holdings is trading at a premium to the group.
We can also see that CRWD currently has a PEG ratio of 1.45. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 1.85 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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CrowdStrike Holdings (CRWD) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, CrowdStrike Holdings (CRWD - Free Report) closed at $117.44, marking a -0.16% move from the previous day. This change lagged the S&P 500's daily gain of 0.53%. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 5.2%.
Coming into today, shares of the cloud-based security company had gained 16.67% in the past month. In that same time, the Computer and Technology sector gained 0.96%, while the S&P 500 gained 0.67%.
Investors will be hoping for strength from CrowdStrike Holdings as it approaches its next earnings release, which is expected to be March 7, 2023. In that report, analysts expect CrowdStrike Holdings to post earnings of $0.43 per share. This would mark year-over-year growth of 43.33%. Meanwhile, our latest consensus estimate is calling for revenue of $624.68 million, up 44.93% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for CrowdStrike Holdings. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.1% higher. CrowdStrike Holdings is currently a Zacks Rank #3 (Hold).
In terms of valuation, CrowdStrike Holdings is currently trading at a Forward P/E ratio of 58.84. For comparison, its industry has an average Forward P/E of 41.79, which means CrowdStrike Holdings is trading at a premium to the group.
We can also see that CRWD currently has a PEG ratio of 1.45. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 1.85 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.