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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 the most recent trading day at $149.40, moving -0.9% from the previous trading session. This change lagged the S&P 500's 0.1% loss on the day. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 5.8%.
Prior to today's trading, shares of the cloud-based security company had lost 5.67% over the past month. This has lagged the Computer and Technology sector's gain of 3.39% and the S&P 500's gain of 3.39% in that time.
CrowdStrike Holdings will be looking to display strength as it nears its next earnings release. In that report, analysts expect CrowdStrike Holdings to post earnings of $0.56 per share. This would mark year-over-year growth of 55.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $725.76 million, up 35.62% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.39 per share and revenue of $3.03 billion. These totals would mark changes of +55.19% and +35.27%, respectively, from last year.
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. As a result, we can interpret positive estimate revisions as a good sign for 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 77.45% higher. CrowdStrike Holdings is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that CrowdStrike Holdings has a Forward P/E ratio of 63.14 right now. This valuation marks a premium compared to its industry's average Forward P/E of 43.82.
Meanwhile, CRWD's PEG ratio is currently 2.11. 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 was holding an average PEG ratio of 1.78 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 60, putting it in the top 24% 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) Dips More Than Broader Markets: What You Should Know
CrowdStrike Holdings (CRWD - Free Report) closed the most recent trading day at $149.40, moving -0.9% from the previous trading session. This change lagged the S&P 500's 0.1% loss on the day. At the same time, the Dow added 0.33%, and the tech-heavy Nasdaq lost 5.8%.
Prior to today's trading, shares of the cloud-based security company had lost 5.67% over the past month. This has lagged the Computer and Technology sector's gain of 3.39% and the S&P 500's gain of 3.39% in that time.
CrowdStrike Holdings will be looking to display strength as it nears its next earnings release. In that report, analysts expect CrowdStrike Holdings to post earnings of $0.56 per share. This would mark year-over-year growth of 55.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $725.76 million, up 35.62% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.39 per share and revenue of $3.03 billion. These totals would mark changes of +55.19% and +35.27%, respectively, from last year.
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. As a result, we can interpret positive estimate revisions as a good sign for 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 77.45% higher. CrowdStrike Holdings is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that CrowdStrike Holdings has a Forward P/E ratio of 63.14 right now. This valuation marks a premium compared to its industry's average Forward P/E of 43.82.
Meanwhile, CRWD's PEG ratio is currently 2.11. 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 was holding an average PEG ratio of 1.78 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 60, putting it in the top 24% 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.