Crowdstrike (NASDAQ:CRWD) issued its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.12, Briefing.com reports. The business had revenue of $125.10 million during the quarter, compared to analyst estimates of $118.79 million. The company’s quarterly revenue was up 88.4% on a year-over-year basis. Crowdstrike updated its Q4 guidance to ($0.09-0.08) EPS.
NASDAQ CRWD traded down $0.57 during trading on Friday, reaching $52.38. The company’s stock had a trading volume of 2,159,159 shares, compared to its average volume of 2,691,226. Crowdstrike has a 12 month low of $44.58 and a 12 month high of $101.88. The company has a 50 day moving average of $51.84.
Several equities research analysts have issued reports on CRWD shares. Macquarie lifted their price target on shares of Crowdstrike from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Needham & Company LLC reiterated a “buy” rating and issued a $92.00 price target on shares of Crowdstrike in a research note on Monday. Royal Bank of Canada lowered their price target on shares of Crowdstrike from $83.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Wednesday. ValuEngine lowered shares of Crowdstrike from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Jefferies Financial Group lowered their price target on shares of Crowdstrike from $67.00 to $61.00 and set a “hold” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $77.87.
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