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CrowdStrike Holdings (CRWD) Laps the Stock Market: Here's Why
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In the latest trading session, CrowdStrike Holdings (CRWD - Free Report) closed at $467.92, marking a +1.27% move from the previous day. This move outpaced the S&P 500's daily gain of 0.4%. Meanwhile, the Dow experienced a rise of 0.47%, and the technology-dominated Nasdaq saw an increase of 0.24%.
Coming into today, shares of the cloud-based security company had lost 8.55% in the past month. In that same time, the Computer and Technology sector gained 6.84%, while the S&P 500 gained 4.61%.
The investment community will be closely monitoring the performance of CrowdStrike Holdings in its forthcoming earnings report. The company is forecasted to report an EPS of $0.83, showcasing a 20.19% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $1.15 billion, up 19.22% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.5 per share and a revenue of $4.78 billion, signifying shifts of -10.94% and +20.86%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for CrowdStrike Holdings. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, CrowdStrike Holdings holds a Zacks Rank of #3 (Hold).
In terms of valuation, CrowdStrike Holdings is currently trading at a Forward P/E ratio of 131.88. This signifies a premium in comparison to the average Forward P/E of 75.36 for its industry.
It's also important to note that CRWD currently trades at a PEG ratio of 5.81. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Security stocks are, on average, holding a PEG ratio of 3.15 based on yesterday's closing prices.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 18% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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CrowdStrike Holdings (CRWD) Laps the Stock Market: Here's Why
In the latest trading session, CrowdStrike Holdings (CRWD - Free Report) closed at $467.92, marking a +1.27% move from the previous day. This move outpaced the S&P 500's daily gain of 0.4%. Meanwhile, the Dow experienced a rise of 0.47%, and the technology-dominated Nasdaq saw an increase of 0.24%.
Coming into today, shares of the cloud-based security company had lost 8.55% in the past month. In that same time, the Computer and Technology sector gained 6.84%, while the S&P 500 gained 4.61%.
The investment community will be closely monitoring the performance of CrowdStrike Holdings in its forthcoming earnings report. The company is forecasted to report an EPS of $0.83, showcasing a 20.19% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $1.15 billion, up 19.22% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.5 per share and a revenue of $4.78 billion, signifying shifts of -10.94% and +20.86%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for CrowdStrike Holdings. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, CrowdStrike Holdings holds a Zacks Rank of #3 (Hold).
In terms of valuation, CrowdStrike Holdings is currently trading at a Forward P/E ratio of 131.88. This signifies a premium in comparison to the average Forward P/E of 75.36 for its industry.
It's also important to note that CRWD currently trades at a PEG ratio of 5.81. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Security stocks are, on average, holding a PEG ratio of 3.15 based on yesterday's closing prices.
The Security industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 18% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.