CrowdStrike (NASDAQ:CRWD) Releases FY 2022 Earnings Guidance

CrowdStrike (NASDAQ:CRWD) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.430-$0.490 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.400. The company issued revenue guidance of $1.39 billion-$1.41 billion, compared to the consensus revenue estimate of $1.36 billion.CrowdStrike also updated its Q3 2022 guidance to $0.080-$0.100 EPS.

CRWD stock opened at $255.27 on Wednesday. The firm has a market cap of $58.25 billion, a PE ratio of -306.15 and a beta of 1.23. The business’s 50-day moving average price is $258.83 and its two-hundred day moving average price is $230.08. CrowdStrike has a 1-year low of $118.10 and a 1-year high of $289.24. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.81.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Monday, August 30th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $337.69 million for the quarter, compared to analyst estimates of $323.53 million. CrowdStrike had a negative return on equity of 13.86% and a negative net margin of 16.34%. CrowdStrike’s revenue was up 69.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 earnings per share. On average, analysts forecast that CrowdStrike will post -0.53 earnings per share for the current year.

CRWD has been the topic of a number of analyst reports. Truist Securities increased their price target on CrowdStrike from $250.00 to $300.00 and gave the stock a buy rating in a research report on Wednesday, June 30th. JPMorgan Chase & Co. increased their price target on CrowdStrike from $220.00 to $280.00 and gave the company a neutral rating in a research note on Wednesday, September 1st. JMP Securities increased their price objective on CrowdStrike from $250.00 to $310.00 and gave the company an outperform rating in a report on Wednesday, September 1st. Zacks Investment Research downgraded CrowdStrike from a buy rating to a hold rating and set a $256.00 price objective for the company. in a report on Monday, August 16th. Finally, The Goldman Sachs Group downgraded CrowdStrike from a buy rating to a neutral rating and set a $305.00 price target for the company. in a report on Monday, September 13th. Four equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $290.15.

In other CrowdStrike news, insider Shawn Henry sold 5,500 shares of CrowdStrike stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of $281.33, for a total value of $1,547,315.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Colin Black sold 25,000 shares of CrowdStrike stock in a transaction on Friday, July 2nd. The stock was sold at an average price of $254.53, for a total transaction of $6,363,250.00. The disclosure for this sale can be found here. Insiders have sold 239,841 shares of company stock valued at $62,589,056 over the last ninety days. 8.64% of the stock is currently owned by corporate insiders.

A hedge fund recently raised its stake in CrowdStrike stock. Morgan Stanley lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 223.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,563,798 shares of the company’s stock after acquiring an additional 3,152,219 shares during the quarter. Morgan Stanley owned 2.02% of CrowdStrike worth $1,146,928,000 at the end of the most recent reporting period. Institutional investors own 62.78% of the company’s stock.

About CrowdStrike

CrowdStrike Holdings, Inc is a holding company, which engages in the provision of cloud-delivered solution for next-generation endpoint protection that offers cloud modules on its Falcon platform through SaaS subscription-based model. It operates through Domestic and International geographical segments.

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Earnings History and Estimates for CrowdStrike (NASDAQ:CRWD)

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