Crowdstrike (NASDAQ:CRWD) Releases FY21 Earnings Guidance

Crowdstrike (NASDAQ:CRWD) issued an update on its FY21 earnings guidance on Tuesday morning. The company provided EPS guidance of $(0.08)-(0.05) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.12). The company issued revenue guidance of $761.2-772.6 million, compared to the consensus revenue estimate of $730.87 million.Crowdstrike also updated its FY 2021
After-Hours guidance to -0.08–0.05 EPS.

CRWD stock traded down $2.59 during midday trading on Tuesday, hitting $92.25. The stock had a trading volume of 12,685,676 shares, compared to its average volume of 5,485,477. Crowdstrike has a 52-week low of $31.95 and a 52-week high of $101.88. The firm has a market cap of $18.05 billion and a price-to-earnings ratio of -73.21. The business has a 50-day moving average of $74.05 and a two-hundred day moving average of $59.99.

Crowdstrike (NASDAQ:CRWD) last announced its quarterly earnings results on Thursday, March 19th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. Crowdstrike had a negative return on equity of 33.49% and a negative net margin of 29.45%. The firm had revenue of $152.10 million for the quarter, compared to the consensus estimate of $137.80 million. The firm’s revenue was up 88.9% on a year-over-year basis. Equities research analysts expect that Crowdstrike will post -0.5 EPS for the current year.

Several analysts recently issued reports on the company. JMP Securities reiterated a buy rating and set a $60.00 target price on shares of Crowdstrike in a research report on Friday, March 13th. BidaskClub upgraded Crowdstrike from a hold rating to a buy rating in a report on Saturday, May 23rd. ValuEngine raised Crowdstrike from a hold rating to a buy rating in a research note on Tuesday, March 3rd. DA Davidson lifted their target price on Crowdstrike from $60.00 to $105.00 and gave the company a buy rating in a research report on Monday. Finally, Barclays reaffirmed a buy rating and set a $60.00 target price on shares of Crowdstrike in a research report on Sunday, March 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $78.44.

In related news, CFO Burt W. Podbere sold 1,349 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $46.65, for a total value of $62,930.85. Following the completion of the transaction, the chief financial officer now owns 10,823 shares of the company’s stock, valued at approximately $504,892.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 64,722 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $46.83, for a total value of $3,030,931.26. The disclosure for this sale can be found here. In the last three months, insiders sold 10,986,433 shares of company stock valued at $642,620,485. Insiders own 11.32% of the company’s stock.

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Earnings History and Estimates for Crowdstrike (NASDAQ:CRWD)

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