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Here's Why CrowdStrike Holdings (CRWD) Fell More Than Broader Market
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In the latest trading session, CrowdStrike Holdings (CRWD - Free Report) closed at $460.63, marking a -1.58% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 1%.
Shares of the cloud-based security company witnessed a loss of 4.2% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 2.62%, and the S&P 500's gain of 2.06%.
Analysts and investors alike will be keeping a close eye on the performance of CrowdStrike Holdings in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.1, marking a 6.8% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.3 billion, showing a 22.42% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.71 per share and a revenue of $4.8 billion, representing changes of -5.6% and +21.43%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for CrowdStrike Holdings. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, 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 past month, there's been no change in the Zacks Consensus EPS estimate. As of now, CrowdStrike Holdings holds a Zacks Rank of #3 (Hold).
Looking at its valuation, CrowdStrike Holdings is holding a Forward P/E ratio of 126.04. For comparison, its industry has an average Forward P/E of 53.41, which means CrowdStrike Holdings is trading at a premium to the group.
Also, we should mention that CRWD has a PEG ratio of 6.41. 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 was holding an average PEG ratio of 2.76 at yesterday's closing price.
The Security industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Here's Why CrowdStrike Holdings (CRWD) Fell More Than Broader Market
In the latest trading session, CrowdStrike Holdings (CRWD - Free Report) closed at $460.63, marking a -1.58% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 1%.
Shares of the cloud-based security company witnessed a loss of 4.2% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 2.62%, and the S&P 500's gain of 2.06%.
Analysts and investors alike will be keeping a close eye on the performance of CrowdStrike Holdings in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.1, marking a 6.8% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.3 billion, showing a 22.42% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.71 per share and a revenue of $4.8 billion, representing changes of -5.6% and +21.43%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for CrowdStrike Holdings. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, 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 past month, there's been no change in the Zacks Consensus EPS estimate. As of now, CrowdStrike Holdings holds a Zacks Rank of #3 (Hold).
Looking at its valuation, CrowdStrike Holdings is holding a Forward P/E ratio of 126.04. For comparison, its industry has an average Forward P/E of 53.41, which means CrowdStrike Holdings is trading at a premium to the group.
Also, we should mention that CRWD has a PEG ratio of 6.41. 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 was holding an average PEG ratio of 2.76 at yesterday's closing price.
The Security industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 42% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.