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CrowdStrike Holdings (CRWD) Registers a Bigger Fall Than the Market: Important Facts to Note
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CrowdStrike Holdings (CRWD - Free Report) closed the most recent trading day at $445.39, moving -4.56% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.41%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.89%.
The stock of cloud-based security company has risen by 20.94% in the past month, leading the Computer and Technology sector's gain of 14.93% and the S&P 500's gain of 9.71%.
The investment community will be closely monitoring the performance of CrowdStrike Holdings in its forthcoming earnings report. The company's upcoming EPS is projected at $1.07, signifying a 46.58% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.36 billion, indicating a 23.48% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.85 per share and revenue of $5.91 billion, which would represent changes of +30.03% and +22.76%, respectively, from the prior year.
Any recent changes to analyst estimates for CrowdStrike Holdings should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, CrowdStrike Holdings boasts a Zacks Rank of #3 (Hold).
Looking at valuation, CrowdStrike Holdings is presently trading at a Forward P/E ratio of 96.19. This expresses a premium compared to the average Forward P/E of 35.43 of its industry.
Also, we should mention that CRWD has a PEG ratio of 4.27. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Security industry currently had an average PEG ratio of 2.57 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 77, positioning it in the top 32% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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CrowdStrike Holdings (CRWD) Registers a Bigger Fall Than the Market: Important Facts to Note
CrowdStrike Holdings (CRWD - Free Report) closed the most recent trading day at $445.39, moving -4.56% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.41%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.89%.
The stock of cloud-based security company has risen by 20.94% in the past month, leading the Computer and Technology sector's gain of 14.93% and the S&P 500's gain of 9.71%.
The investment community will be closely monitoring the performance of CrowdStrike Holdings in its forthcoming earnings report. The company's upcoming EPS is projected at $1.07, signifying a 46.58% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.36 billion, indicating a 23.48% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.85 per share and revenue of $5.91 billion, which would represent changes of +30.03% and +22.76%, respectively, from the prior year.
Any recent changes to analyst estimates for CrowdStrike Holdings should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, CrowdStrike Holdings boasts a Zacks Rank of #3 (Hold).
Looking at valuation, CrowdStrike Holdings is presently trading at a Forward P/E ratio of 96.19. This expresses a premium compared to the average Forward P/E of 35.43 of its industry.
Also, we should mention that CRWD has a PEG ratio of 4.27. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Security industry currently had an average PEG ratio of 2.57 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 77, positioning it in the top 32% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.