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What's Going On With CrowdStrike Stock Monday?
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What's Going On With CrowdStrike Stock Monday?
Jun 3, 2024 6:44 AM

CrowdStrike Holdings Inc ( CRWD ) shares are in the spotlight this week ahead of earnings. Here’s what you need to know before the cybersecurity company reports.

What To Know: CrowdStrike ( CRWD ) is due to report first-quarter earnings results for fiscal 2025 after the market close on Tuesday. The company is expected to report earnings of 90 cents per share and revenue of $904.665 million, according to estimates from Benzinga Pro.

Recent analyst changes include a price target raise to $400 from JPMorgan and a price target increase from Morgan Stanley to $422. Both analyst firms maintained Overweight ratings on the stock.

Last quarter, CrowdStrike ( CRWD ) beat top-line estimates of $839.04 million, turning in revenue of $845.34 million. The company also reported earnings of 95 cents per share, beating estimates of 82 cents per share.

"Customers favor our single platform approach, standardizing on CrowdStrike ( CRWD ) for cloud security, identity protection, and LogScale next-gen SIEM solutions, together representing more than $850 million of ending ARR," CEO George Kurtz said at the time. "CrowdStrike ( CRWD ) is cybersecurity's consolidator of choice, innovator of choice, and platform of choice to stop breaches."

CrowdStrike ( CRWD ) guided for first-quarter revenue in the range of $902.2 million to $905.8 million and first-quarter adjusted earnings of 89 cents to 90 cents per share. It’s worth noting that CrowdStrike ( CRWD ) has exceeded analyst estimates on the top and bottom lines in every quarter since it went public in 2019.

CrowdStrike ( CRWD ) on Monday announced that it will partner with The Washington Post Live to present Securing Cyberspace: The global cyberthreat landscape in 2024 on June 6. Topics will include the major cybersecurity threats to U.S. national security, safeguarding America’s critical infrastructure ahead of the 2024 elections and a discussion on ecosystem-level cybersecurity issues.

See Also: Nvidia’s Gamma Squeeze: Stock Skyrockets On Options Market Frenzy

CRWD Price Action: CrowdStrike ( CRWD ) shares were up 0.76% at $316.05 at the time of publication, according to Benzinga Pro.

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