Crowdstrike (CRWD, $111.37) posts Q3 loss
Crowdstrike incurred a loss of -$55 million, or -24 cents a share in the fiscal third quarter, compared to a loss of -$50.5 million, or -22 cents a share, in the year-ago quarter. Adjusted earnings came in at 40 cents a share (rising from 17 cents a share in the year-ago period), while analysts expected 28 cents a share.
Revenue rose to $580.9 million from $380.1 million in the year-ago quarter. Analysts expected CrowdStrike to report revenue of $516 million.
The company reported $198.1 million in net new annual recurring revenue (ARR is a software-as-a-service metric gauging how much revenue the company can expect based on subscriptions), increasing +54% to $2.34 billion from the year-ago quarter, although slightly below the Street expectation of $2.35 billion.
CrowdStrike has projected full-year earnings in the range of $1.49 to $1.52 a share, higher than Wall Street expectation of $1.33 a share. The company expects revenue of $2.22 billion to $2.23 billion, compared to analysts’ expectation of $2.23 billion.
For fiscal fourth quarter, CrowdStrike expects adjusted earnings in the range of 42 cents to 45 cents a share , while analysts polled by FactSet have predicted earnings of 34 cents a share. Revenue guidance for the quarter is $619.1 million to $628.2 million, while analysts polled by FactSet are expecting $633.9 million,
CRWD sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for CRWD moved above the 200-day moving average on November 27, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 50 cases where CRWD's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on November 29, 2024. You may want to consider a long position or call options on CRWD as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CRWD advanced for three days, in of 360 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 355 cases where CRWD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for CRWD moved out of overbought territory on November 25, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 55 similar instances where the indicator moved out of overbought territory. In of the 55 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for CRWD turned negative on November 29, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CRWD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CRWD broke above its upper Bollinger Band on November 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CRWD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (33.557) is normal, around the industry mean (30.859). CRWD has a moderately high P/E Ratio (863.622) as compared to the industry average of (159.968). Projected Growth (PEG Ratio) (1.384) is also within normal values, averaging (2.755). Dividend Yield (0.000) settles around the average of (0.084) among similar stocks. P/S Ratio (25.510) is also within normal values, averaging (57.731).
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a holding company, which provides cloud-delivered solution for next-generation endpoint protection.
Industry PackagedSoftware