Crowdstrike (NASDAQ:CRWD) Updates Q3 2020 Earnings Guidance

Crowdstrike (NASDAQ:CRWD) updated its third quarter 2020 earnings guidance on Thursday. The company provided earnings per share guidance of $-0.12–0.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.13. The company issued revenue guidance of $117.1-119.5 million, compared to the consensus revenue estimate of $111.22 million.Crowdstrike also updated its FY 2020 guidance to $-0.65–0.62 EPS.

Shares of NASDAQ CRWD traded up $1.54 during trading on Thursday, reaching $86.85. 3,127,251 shares of the 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 firm has a 50-day moving average of $89.19.

Crowdstrike (NASDAQ:CRWD) last issued its quarterly earnings results on Thursday, July 18th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.16). The firm had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $95.60 million. The business’s revenue was up 103.2% on a year-over-year basis. As a group, research analysts forecast that Crowdstrike will post -1.07 earnings per share for the current fiscal year.

A number of research analysts have recently commented on CRWD shares. UBS Group upped their price target on Crowdstrike from $90.00 to $100.00 and gave the company an outperform rating in a research report on Friday, July 19th. They noted that the move was a valuation call. Credit Suisse Group started coverage on Crowdstrike in a research report on Monday, July 8th. They set a neutral rating and a $70.00 price target on the stock. Royal Bank of Canada started coverage on Crowdstrike in a research report on Monday, July 8th. They set a sector perform rating and a $70.00 price target on the stock. Stifel Nicolaus upped their price target on Crowdstrike from $80.00 to $90.00 and gave the company a buy rating in a research report on Friday, July 19th. Finally, CIBC started coverage on Crowdstrike in a research report on Monday, July 8th. They set an outperform rating and a $90.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Crowdstrike has an average rating of Buy and an average target price of $85.50.

In related news, Director Sameer K. Gandhi acquired 650,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average cost of $34.00 per share, for a total transaction of $22,100,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Capitalg Lp acquired 140,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average price of $34.00 per share, for a total transaction of $4,760,000.00. 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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