Crowdstrike (NASDAQ:CRWD) Updates Q2 Earnings Guidance

Crowdstrike (NASDAQ:CRWD) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of (0.24)-(0.23) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.31). The company issued revenue guidance of $103-$104 million, compared to the consensus revenue estimate of $96.79 million.Crowdstrike also updated its FY 2020 guidance to $-0.72–0.7 EPS.

Several equities research analysts have commented on the stock. UBS Group boosted their target price on shares of Crowdstrike from $90.00 to $100.00 and gave the stock an outperform rating in a research report on Friday. They noted that the move was a valuation call. Barclays boosted their target price on shares of from $65.00 to $100.00 and gave the stock an overweight rating in a research report on Friday. CIBC assumed coverage on shares of Fiverr International in a research report on Monday, July 8th. They set an outperform rating on the stock. Jefferies Financial Group decreased their target price on shares of Boeing from $448.00 to $420.00 in a research report on Friday. Finally, Bank of America restated a sell rating on shares of Deutsche Bank in a research report on Monday, July 8th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $84.47.

NASDAQ:CRWD opened at $83.52 on Friday. Crowdstrike has a 52-week low of $56.00 and a 52-week high of $85.85.

Crowdstrike (NASDAQ:CRWD) last released its quarterly earnings results on Thursday, July 18th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.16). The firm had revenue of $96.10 million during the quarter, compared to analyst estimates of $95.60 million. Crowdstrike’s quarterly revenue was up 103.2% on a year-over-year basis. Equities research analysts predict that Crowdstrike will post -1.29 earnings per share for the current fiscal year.

In other news, major shareholder Capitalg Lp purchased 140,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was acquired at an average price of $34.00 per share, with a total value of $4,760,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi purchased 650,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were purchased at an average cost of $34.00 per share, with a total value of $22,100,000.00. The disclosure for this purchase can be found here.

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Earnings History and Estimates for Crowdstrike (NASDAQ:CRWD)

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