CrowdStrike Holdings posted its second-quarter fiscal 2023 non-GAAP earnings of 36 cents per share, exceeding the Zacks Consensus Estimate of 28 cents. It was also a significant improvement from the year-ago quarter’s 11 cents a share.
The company’s revenues climbed +58% from the year-ago quarter to $535.2 million, topping the consensus estimate of $517.1 million.
Subscription revenues surged +60% year over year to $506.2 million. CrowdStrike added 1,741 net new subscription customers during the reported quarter, bringing the total subscription customer count to 19,686 as of Jul 31, 2022, implying a 51% jump year-over-year.
CrowdStrike raised its guidance for fiscal 2023. The company’s management currently estimates its revenues in the band of $2,223-$2,232 million compared with the previously projected band of $2,190.5-$2,205.8 million. The company now anticipates non-GAAP earnings in the band of $1.31-$1.33 per share, up from the prior range of $1.18-$1.22 per share.
For full fiscal 2023, the company projects non-GAAP operating income in the range of $321.8-$328.5 million, higher than the previous band of $306.5-$317.8 million.
For the third quarter, CrowdStrike expects non-GAAP earnings per share in the range of 30 cents to 32 cents, and revenues in the range of $569.1 million to $575.9 million.
CRWD saw its Momentum Indicator move below the 0 level on April 02, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 77 similar instances where the indicator turned negative. In of the 77 cases, the stock moved further down in the following days. The odds of a decline are at .
CRWD moved below its 50-day moving average on April 04, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CRWD crossed bearishly below the 50-day moving average on April 10, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 .
The Aroon Indicator for CRWD entered a downward trend on April 16, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CRWD advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .
CRWD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CRWD’s price grows at a lower rate over the last 12 months as compared to 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 (29.847). CRWD has a moderately high P/E Ratio (863.622) as compared to the industry average of (155.253). Projected Growth (PEG Ratio) (1.384) is also within normal values, averaging (2.725). Dividend Yield (0.000) settles around the average of (0.081) among similar stocks. P/S Ratio (25.510) is also within normal values, averaging (55.178).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CRWD’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a holding company, which provides cloud-delivered solution for next-generation endpoint protection.
Industry PackagedSoftware