We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CrowdStrike Q4 Preview: Can The Earnings Streak Continue?
Read MoreHide Full Article
As earnings season fades, one thing remains true – the so-called earnings “apocalypse” didn’t show its face.
Many companies have posted better-than-expected results, helping to push positive sentiment into investors.
Of course, there have been some laggards as well, but the overall bearish sentiment seemed way overdone.
And soon, on March 7th, we’ll hear from CrowdStrike (CRWD - Free Report) . CrowdStrike is a leader in next-generation endpoint protection, threat intelligence, and cyberattack response services.
How does the company shape up heading into its quarterly release? We can use results received from a peer, Palo Alto Networks (PANW - Free Report) , as a small gauge. Let’s take a closer look.
Palo Alto Networks Q2
Palo Alto delivered a big surprise, exceeding the Zacks Consensus EPS Estimate by more than 30% and continuing a long streak of bottom line beats.
Revenue throughout the quarter tallied $1.7 billion, again ahead of estimates and growing a strong 26% year-over-year. Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
In addition, the company’s remaining performance obligation totaled $8.8 billion, growing a sizable 40% year-over-year. Evidently, cybersecurity is in hot demand.
And to top it off, PANW’s Total Billings grew by a solid 26% year-over-year to $2.03 billion, exceeding previous guidance of $1.94 billion – $1.99 billion.
Nikesh Arora, CEO, on the results, "We continue to see our teams execute well in the midst of macroeconomic challenges, helping customers consolidate their security architectures."
Now, onto CrowdStrike.
CrowdStrike
Quarterly Estimates –
A singular analyst has upped their outlook for the quarter to be reported over the last several months, with the Zacks Consensus EPS Estimate of $0.43 suggesting a 43% climb from the year-ago quarter.
Image Source: Zacks Investment Research
In addition, our consensus revenue estimate stands at $624.7 million, indicating an improvement of nearly 45% year-over-year.
Quarterly Performance –
CRWD sports a stellar earnings track record, exceeding both earnings and revenue estimates in each quarter since 2019.
Just in its latest release, the company penciled in a 25% EPS beat and reported sales 1% above expectations.
Image Source: Zacks Investment Research
Valuation –
CRWD’s forward price-to-sales (F1) currently sits at 9.8X, a fraction of the 27.8X median since its IPO in June 2019 and highs of 31.7X in 2022.
Image Source: Zacks Investment Research
Further, the company’s TTM price-to-book currently works out to be 21.7X, beneath the 35.8X median since IPO.
Image Source: Zacks Investment Research
Putting Everything Together
Earnings season is grinding to a halt, with many companies already delivering quarterly results.
And soon, we’ll hear from CrowdStrike.
A peer, Palo Alto Networks (PANW - Free Report) , has already delivered quarterly results, exceeding both earnings and revenue estimates.
A singular analyst has raised their outlook for CRWD’s quarter to be reported, with estimates indicating Y/Y growth within the top and bottom lines.
Heading into the release, CrowdStrike (CRWD - Free Report) is a Zacks Rank #3 (Hold) with an Earnings ESP Score of -2.7%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
CrowdStrike Q4 Preview: Can The Earnings Streak Continue?
As earnings season fades, one thing remains true – the so-called earnings “apocalypse” didn’t show its face.
Many companies have posted better-than-expected results, helping to push positive sentiment into investors.
Of course, there have been some laggards as well, but the overall bearish sentiment seemed way overdone.
And soon, on March 7th, we’ll hear from CrowdStrike (CRWD - Free Report) . CrowdStrike is a leader in next-generation endpoint protection, threat intelligence, and cyberattack response services.
How does the company shape up heading into its quarterly release? We can use results received from a peer, Palo Alto Networks (PANW - Free Report) , as a small gauge. Let’s take a closer look.
Palo Alto Networks Q2
Palo Alto delivered a big surprise, exceeding the Zacks Consensus EPS Estimate by more than 30% and continuing a long streak of bottom line beats.
Revenue throughout the quarter tallied $1.7 billion, again ahead of estimates and growing a strong 26% year-over-year. Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
In addition, the company’s remaining performance obligation totaled $8.8 billion, growing a sizable 40% year-over-year. Evidently, cybersecurity is in hot demand.
And to top it off, PANW’s Total Billings grew by a solid 26% year-over-year to $2.03 billion, exceeding previous guidance of $1.94 billion – $1.99 billion.
Nikesh Arora, CEO, on the results, "We continue to see our teams execute well in the midst of macroeconomic challenges, helping customers consolidate their security architectures."
Now, onto CrowdStrike.
CrowdStrike
Quarterly Estimates –
A singular analyst has upped their outlook for the quarter to be reported over the last several months, with the Zacks Consensus EPS Estimate of $0.43 suggesting a 43% climb from the year-ago quarter.
Image Source: Zacks Investment Research
In addition, our consensus revenue estimate stands at $624.7 million, indicating an improvement of nearly 45% year-over-year.
Quarterly Performance –
CRWD sports a stellar earnings track record, exceeding both earnings and revenue estimates in each quarter since 2019.
Just in its latest release, the company penciled in a 25% EPS beat and reported sales 1% above expectations.
Image Source: Zacks Investment Research
Valuation –
CRWD’s forward price-to-sales (F1) currently sits at 9.8X, a fraction of the 27.8X median since its IPO in June 2019 and highs of 31.7X in 2022.
Image Source: Zacks Investment Research
Further, the company’s TTM price-to-book currently works out to be 21.7X, beneath the 35.8X median since IPO.
Image Source: Zacks Investment Research
Putting Everything Together
Earnings season is grinding to a halt, with many companies already delivering quarterly results.
And soon, we’ll hear from CrowdStrike.
A peer, Palo Alto Networks (PANW - Free Report) , has already delivered quarterly results, exceeding both earnings and revenue estimates.
A singular analyst has raised their outlook for CRWD’s quarter to be reported, with estimates indicating Y/Y growth within the top and bottom lines.
Heading into the release, CrowdStrike (CRWD - Free Report) is a Zacks Rank #3 (Hold) with an Earnings ESP Score of -2.7%.