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Here's Why CrowdStrike Holdings (CRWD) Fell More Than Broader Market
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CrowdStrike Holdings (CRWD - Free Report) ended the recent trading session at $241.81, demonstrating a -3.44% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.51% for the day. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq decreased by 1.07%.
Coming into today, shares of the cloud-based security company had lost 7.26% in the past month. In that same time, the Computer and Technology sector lost 9.88%, while the S&P 500 lost 0.87%.
The investment community will be paying close attention to the earnings performance of CrowdStrike Holdings in its upcoming release. The company is predicted to post an EPS of $0.31, indicating a 29.17% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.53 billion, up 23.79% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.26 per share and a revenue of $6 billion, representing changes of +35.48% and +24.78%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for CrowdStrike Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.57% lower. CrowdStrike Holdings currently has a Zacks Rank of #3 (Hold).
With respect to valuation, CrowdStrike Holdings is currently being traded at a Forward P/E ratio of 199.19. This signifies a premium in comparison to the average Forward P/E of 53.03 for its industry.
It's also important to note that CRWD currently trades at a PEG ratio of 7.45. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Security industry currently had an average PEG ratio of 3.23 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 67, finds itself in the top 28% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.
View the Zacks #1 Rank List
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Here's Why CrowdStrike Holdings (CRWD) Fell More Than Broader Market
CrowdStrike Holdings (CRWD - Free Report) ended the recent trading session at $241.81, demonstrating a -3.44% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.51% for the day. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq decreased by 1.07%.
Coming into today, shares of the cloud-based security company had lost 7.26% in the past month. In that same time, the Computer and Technology sector lost 9.88%, while the S&P 500 lost 0.87%.
The investment community will be paying close attention to the earnings performance of CrowdStrike Holdings in its upcoming release. The company is predicted to post an EPS of $0.31, indicating a 29.17% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.53 billion, up 23.79% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.26 per share and a revenue of $6 billion, representing changes of +35.48% and +24.78%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for CrowdStrike Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.57% lower. CrowdStrike Holdings currently has a Zacks Rank of #3 (Hold).
With respect to valuation, CrowdStrike Holdings is currently being traded at a Forward P/E ratio of 199.19. This signifies a premium in comparison to the average Forward P/E of 53.03 for its industry.
It's also important to note that CRWD currently trades at a PEG ratio of 7.45. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Security industry currently had an average PEG ratio of 3.23 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 67, finds itself in the top 28% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.