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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 $118.79 in the latest trading session, marking a -1.05% move from the prior day. This change lagged the S&P 500's daily loss of 0.04%. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 2.14%.
Coming into today, shares of the cloud-based security company had lost 12.54% in the past month. In that same time, the Computer and Technology sector gained 4.01%, while the S&P 500 gained 5.1%.
Wall Street will be looking for positivity from CrowdStrike Holdings as it approaches its next earnings report date. In that report, analysts expect CrowdStrike Holdings to post earnings of $0.50 per share. This would mark year-over-year growth of 61.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $674.33 million, up 38.23% from the year-ago period.
CRWD's full-year Zacks Consensus Estimates are calling for earnings of $2.30 per share and revenue of $3 billion. These results would represent year-over-year changes of +49.35% and +33.76%, respectively.
Any recent changes to analyst estimates for CrowdStrike Holdings should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 12.67% higher. CrowdStrike Holdings is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, CrowdStrike Holdings is currently trading at a Forward P/E ratio of 52.23. For comparison, its industry has an average Forward P/E of 41.43, which means CrowdStrike Holdings is trading at a premium to the group.
We can also see that CRWD currently has a PEG ratio of 1.69. 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. The Internet - Software industry currently had an average PEG ratio of 1.56 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 62, putting it in the top 25% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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CrowdStrike Holdings (CRWD) Dips More Than Broader Markets: What You Should Know
CrowdStrike Holdings (CRWD - Free Report) closed at $118.79 in the latest trading session, marking a -1.05% move from the prior day. This change lagged the S&P 500's daily loss of 0.04%. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 2.14%.
Coming into today, shares of the cloud-based security company had lost 12.54% in the past month. In that same time, the Computer and Technology sector gained 4.01%, while the S&P 500 gained 5.1%.
Wall Street will be looking for positivity from CrowdStrike Holdings as it approaches its next earnings report date. In that report, analysts expect CrowdStrike Holdings to post earnings of $0.50 per share. This would mark year-over-year growth of 61.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $674.33 million, up 38.23% from the year-ago period.
CRWD's full-year Zacks Consensus Estimates are calling for earnings of $2.30 per share and revenue of $3 billion. These results would represent year-over-year changes of +49.35% and +33.76%, respectively.
Any recent changes to analyst estimates for CrowdStrike Holdings should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 12.67% higher. CrowdStrike Holdings is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, CrowdStrike Holdings is currently trading at a Forward P/E ratio of 52.23. For comparison, its industry has an average Forward P/E of 41.43, which means CrowdStrike Holdings is trading at a premium to the group.
We can also see that CRWD currently has a PEG ratio of 1.69. 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. The Internet - Software industry currently had an average PEG ratio of 1.56 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 62, putting it in the top 25% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.