Crowdstrike (NASDAQ:CRWD) Updates Q2 2020 Earnings Guidance

Crowdstrike (NASDAQ:CRWD) updated its second quarter 2020 earnings guidance on Thursday. The company provided earnings per share guidance of $-0.24–0.23 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.29. The company issued revenue guidance of $103-104 million, compared to the consensus revenue estimate of $95.7 million.Crowdstrike also updated its FY 2020 guidance to $-0.72–0.7 EPS.

Several analysts have recently commented on the stock. SunTrust Banks raised their price objective on shares of Crowdstrike to $80.00 and gave the company a hold rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Crowdstrike from $100.00 to $104.00 in a research report on Friday. Bank of America restated a sell rating on shares of Deutsche Bank in a research report on Monday, July 8th. Macquarie raised their price objective on shares of Crowdstrike from $75.00 to $100.00 and gave the company an outperform rating in a research report on Friday. Finally, Jefferies Financial Group decreased their price objective on shares of Boeing from $448.00 to $420.00 in a research report on Friday. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Crowdstrike has an average rating of Buy and a consensus target price of $84.47.

CRWD opened at $83.52 on Friday. Crowdstrike has a fifty-two week low of $56.00 and a fifty-two week high of $85.85.

Crowdstrike (NASDAQ:CRWD) last posted its earnings results on Thursday, July 18th. The company reported ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ 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% compared to the same quarter last year. Research analysts expect that Crowdstrike will post -1.29 earnings per share for the current fiscal year.

In related news, major shareholder Capitalg Lp bought 140,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was bought at an average cost of $34.00 per share, with a total value of $4,760,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi bought 650,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were bought 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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