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CrowdStrike Holdings (CRWD) Outperforms Broader Market: What You Need to Know
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CrowdStrike Holdings (CRWD - Free Report) closed at $499.96 in the latest trading session, marking a +1.95% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.34% for the day. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.42%.
The stock of cloud-based security company has risen by 18.59% in the past month, leading the Computer and Technology sector's gain of 8.07% and the S&P 500's gain of 3.54%.
Market participants will be closely following the financial results of CrowdStrike Holdings in its upcoming release. It is anticipated that the company will report an EPS of $0.94, marking a 1.08% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.21 billion, indicating a 20.23% upward movement from the same quarter last year.
CRWD's full-year Zacks Consensus Estimates are calling for earnings of $3.67 per share and revenue of $4.78 billion. These results would represent year-over-year changes of -6.62% and +20.9%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for CrowdStrike Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate has moved 30.2% higher within the past month. CrowdStrike Holdings is currently sporting a Zacks Rank of #1 (Strong Buy).
With respect to valuation, CrowdStrike Holdings is currently being traded at a Forward P/E ratio of 133.48. This valuation marks a premium compared to its industry average Forward P/E of 67.84.
It's also important to note that CRWD currently trades at a PEG ratio of 6.67. 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 Security industry currently had an average PEG ratio of 2.76 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 152, placing it within the bottom 39% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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CrowdStrike Holdings (CRWD) Outperforms Broader Market: What You Need to Know
CrowdStrike Holdings (CRWD - Free Report) closed at $499.96 in the latest trading session, marking a +1.95% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.34% for the day. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.42%.
The stock of cloud-based security company has risen by 18.59% in the past month, leading the Computer and Technology sector's gain of 8.07% and the S&P 500's gain of 3.54%.
Market participants will be closely following the financial results of CrowdStrike Holdings in its upcoming release. It is anticipated that the company will report an EPS of $0.94, marking a 1.08% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.21 billion, indicating a 20.23% upward movement from the same quarter last year.
CRWD's full-year Zacks Consensus Estimates are calling for earnings of $3.67 per share and revenue of $4.78 billion. These results would represent year-over-year changes of -6.62% and +20.9%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for CrowdStrike Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate has moved 30.2% higher within the past month. CrowdStrike Holdings is currently sporting a Zacks Rank of #1 (Strong Buy).
With respect to valuation, CrowdStrike Holdings is currently being traded at a Forward P/E ratio of 133.48. This valuation marks a premium compared to its industry average Forward P/E of 67.84.
It's also important to note that CRWD currently trades at a PEG ratio of 6.67. 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 Security industry currently had an average PEG ratio of 2.76 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 152, placing it within the bottom 39% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.