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CrowdStrike Holdings (CRWD) Stock Falls Amid Market Uptick: What Investors Need to Know
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In the latest close session, CrowdStrike Holdings (CRWD - Free Report) was down 1.73% at $180.11. This change lagged the S&P 500's daily gain of 0.02%. Elsewhere, the Dow gained 0.51%, while the tech-heavy Nasdaq lost 0.18%.
The cloud-based security company's stock has climbed by 4.57% in the past month, exceeding the Computer and Technology sector's loss of 4.21% and the S&P 500's gain of 0.77%.
Market participants will be closely following the financial results of CrowdStrike Holdings in its upcoming release. The company is expected to report EPS of $0.29, up 26.09% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.44 billion, indicating a 23.19% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.23 per share and a revenue of $5.94 billion, signifying shifts of +32.26% and +23.49%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for CrowdStrike Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.31% higher. CrowdStrike Holdings is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, CrowdStrike Holdings is presently trading at a Forward P/E ratio of 148.65. This signifies a premium in comparison to the average Forward P/E of 48.32 for its industry.
Investors should also note that CRWD has a PEG ratio of 5.36 right now. 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. CRWD's industry had an average PEG ratio of 3.12 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 47, positioning it in the top 20% 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.
To follow CRWD in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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CrowdStrike Holdings (CRWD) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest close session, CrowdStrike Holdings (CRWD - Free Report) was down 1.73% at $180.11. This change lagged the S&P 500's daily gain of 0.02%. Elsewhere, the Dow gained 0.51%, while the tech-heavy Nasdaq lost 0.18%.
The cloud-based security company's stock has climbed by 4.57% in the past month, exceeding the Computer and Technology sector's loss of 4.21% and the S&P 500's gain of 0.77%.
Market participants will be closely following the financial results of CrowdStrike Holdings in its upcoming release. The company is expected to report EPS of $0.29, up 26.09% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.44 billion, indicating a 23.19% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.23 per share and a revenue of $5.94 billion, signifying shifts of +32.26% and +23.49%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for CrowdStrike Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.31% higher. CrowdStrike Holdings is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, CrowdStrike Holdings is presently trading at a Forward P/E ratio of 148.65. This signifies a premium in comparison to the average Forward P/E of 48.32 for its industry.
Investors should also note that CRWD has a PEG ratio of 5.36 right now. 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. CRWD's industry had an average PEG ratio of 3.12 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 47, positioning it in the top 20% 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.
To follow CRWD in the coming trading sessions, be sure to utilize Zacks.com.