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CrowdStrike Holdings (CRWD) Gains But Lags Market: What You Should Know
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CrowdStrike Holdings (CRWD - Free Report) closed the most recent trading day at $281.17, moving +0.78% from the previous trading session. This change lagged the S&P 500's 0.98% gain on the day.
Prior to today's trading, shares of the cloud-based security company had gained 16.46% over the past month. This has outpaced the Computer and Technology sector's loss of 0.2% and the S&P 500's gain of 2.57% in that time.
CRWD will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.10, up 25% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $364.76 million, up 56.91% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.47 per share and revenue of $1.41 billion. These totals would mark changes of +74.07% and +60.81%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for CRWD. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CRWD is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, CRWD currently has a Forward P/E ratio of 593.62. For comparison, its industry has an average Forward P/E of 69.43, which means CRWD is trading at a premium to the group.
It is also worth noting that CRWD currently has a PEG ratio of 23.74. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 4.67 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CRWD in the coming trading sessions, be sure to utilize Zacks.com.
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CrowdStrike Holdings (CRWD) Gains But Lags Market: What You Should Know
CrowdStrike Holdings (CRWD - Free Report) closed the most recent trading day at $281.17, moving +0.78% from the previous trading session. This change lagged the S&P 500's 0.98% gain on the day.
Prior to today's trading, shares of the cloud-based security company had gained 16.46% over the past month. This has outpaced the Computer and Technology sector's loss of 0.2% and the S&P 500's gain of 2.57% in that time.
CRWD will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.10, up 25% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $364.76 million, up 56.91% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.47 per share and revenue of $1.41 billion. These totals would mark changes of +74.07% and +60.81%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for CRWD. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CRWD is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, CRWD currently has a Forward P/E ratio of 593.62. For comparison, its industry has an average Forward P/E of 69.43, which means CRWD is trading at a premium to the group.
It is also worth noting that CRWD currently has a PEG ratio of 23.74. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 4.67 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CRWD in the coming trading sessions, be sure to utilize Zacks.com.