Crowdstrike (NASDAQ:CRWD) Releases Earnings Results, Beats Estimates By $0.25 EPS

Crowdstrike (NASDAQ:CRWD) posted its earnings results on Thursday, September 5th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.25, Briefing.com reports. The company had revenue of $108.10 million for the quarter, compared to analyst estimates of $103.79 million. The business’s quarterly revenue was up 94.1% on a year-over-year basis.

Shares of CRWD stock traded down $1.79 on Friday, hitting $67.87. 36,121 shares of the company’s stock were exchanged, compared to its average volume of 2,790,610. Crowdstrike has a 12 month low of $56.00 and a 12 month high of $101.88. The stock’s 50 day moving average is $87.88.

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Crowdstrike from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Jefferies Financial Group boosted their target price on Crowdstrike from $71.00 to $80.00 in a research note on Friday, July 19th. Bank of America restated a “buy” rating and issued a $103.00 target price (up previously from $89.00) on shares of Crowdstrike in a research note on Tuesday, August 13th. Goldman Sachs Group began coverage on Crowdstrike in a research note on Monday, July 8th. They issued a “neutral” rating and a $66.00 target price on the stock. Finally, Piper Jaffray Companies upped their price objective on Crowdstrike from $90.00 to $100.00 in a research note on Friday, September 6th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $87.44.

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