Based in Austin, Texas, CrowdStrike Holdings, Inc. (CRWD) is a cybersecurity company specializing in endpoint protection, threat intelligence, and cyberattack response services. Founded in 2011, CrowdStrike has a market cap of $56.86 billion and is renowned for its innovative cloud-native cybersecurity solutions. The company is set to announce its fiscal Q2 earnings results on Wednesday, Sep. 4.
Ahead of the event, analysts expect CRWD to report a profit of $0.24 per share, up 300% from $0.06 per share in the year-ago quarter. In the last four quarters, the company has surpassed Wall Street’s bottom-line estimates in three and missed on another occasion. Its adjusted earnings of $0.20 per share for the last quarter missed the consensus estimate by 4.8%.
For fiscal 2025, analysts expect CRWD to report EPS of $0.89, up 78% from $0.50 in fiscal 2024.
CRWD stock is down 8.5% on a YTD basis, underperforming the broader S&P 500 Index's ($SPX) 14% gains and the Technology Select Sector SPDR Fund's (XLK) 9.1% returns over the same time frame.
CrowdStrike dropped over 9% after reports emerged that Delta Air Lines is seeking compensation from the company and Microsoft (MSFT) for an IT outage that caused an operational meltdown.
CRWD reported Q1 earnings on Jun. 4. Revenue for the period was $921 million, exceeding analysts' forecasts of $904.80 million. The company said it expects revenue in the range of $958.3 million to $961.2 million for the fiscal second quarter. Following the release of these results, the stock gained 12% in the next trading session.
The consensus opinion on CRWD stock is bullish, with an overall “Strong Buy” rating. Out of 41 analysts covering the stock, 32 advise a “Strong Buy” rating, three suggest a “Moderate Buy,” and six recommend a “Hold.”
This configuration is less bullish than three months ago when the stock had 35 “Strong Buy” ratings. CRWD's average analyst price target is $373.90, indicating a potential upside of 60% from the current levels.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
