Crowdstrike (NASDAQ:CRWD) Issues Q3 Earnings Guidance

Crowdstrike (NASDAQ:CRWD) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of ($0.12-0.11) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.14). The company issued revenue guidance of $117-119.5 million, compared to the consensus revenue estimate of $110.98 million.Crowdstrike also updated its FY 2020 guidance to $-0.65–0.62 EPS.

A number of research analysts have weighed in on the stock. CIBC assumed coverage on shares of Crowdstrike in a research report on Monday, July 8th. They issued an outperform rating and a $90.00 price objective for the company. Oppenheimer initiated coverage on shares of Crowdstrike in a research report on Monday, July 8th. They issued an outperform rating and a $90.00 price objective for the company. Barclays upped their price target on shares of Crowdstrike from $80.00 to $94.00 and gave the stock an overweight rating in a research report on Friday, July 19th. Stifel Nicolaus upped their price target on shares of Crowdstrike from $80.00 to $90.00 and gave the stock a buy rating in a research report on Friday, July 19th. Finally, Piper Jaffray Companies initiated coverage on shares of Crowdstrike in a research report on Monday, July 8th. They set an overweight rating and a $75.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $85.50.

NASDAQ CRWD traded up $1.54 during trading hours on Thursday, hitting $86.85. 3,127,251 shares of the company’s stock traded hands, compared to its average volume of 2,743,586. Crowdstrike has a 52-week low of $56.00 and a 52-week high of $101.88. The company’s 50-day moving average is $89.19.

Crowdstrike (NASDAQ:CRWD) last announced its quarterly earnings data 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 company had revenue of $96.10 million for the quarter, compared to the consensus estimate of $95.60 million. Crowdstrike’s revenue was up 103.2% on a year-over-year basis. On average, research analysts anticipate that Crowdstrike will post -1.07 earnings per share for the current fiscal year.

In other news, major shareholder Capitalg Lp purchased 140,000 shares of the company’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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi purchased 650,000 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was 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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