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CrowdStrike (CRWD) posted first quarter adjusted earnings of $0.73 per share compared to a Bloomberg consensus estimate of $0.66. Revenue of $1.1 billion was in line with expectations. The stock fell in after-hours trading due to its second quarter revenue outlook. CrowdStrike sees Q2 revenue in the range of $1.14 to $1.15 billion. Analysts had been expecting $1.16 billion.
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CrowdStrike here. Uh, that company's first quarter revenue coming out pretty much in line with estimates. Uh, adjusted earnings per share beating estimates. It is the second quarter, um, maybe the second quarter outlook that's responsible for the drop, although the outlook I'm seeing is not necessarily bad. It looks like it's the sales outlook, perhaps, that's responsible for the drop. Um, the sales outlook for the second quarter 1.14 billion to 1.15 billion analysts on average had been looking for 1.16 billion dollars. But the company's earnings per share outlook leaves it room to beat estimates. It's looking for 82 to 84 cents. Analysts have been looking for the lower end of that, 82 cents. So, it looks like it's the sales forecast that is disappointing for investors.
Yeah, and also, you know, expectations you could argue were were elevated going into this print too, and the stock was up around 40%.
You know, it was actually at a record touched a record in today's session.
Yeah.
You wonder if that's something that's going on today. I mean, this is one of those, you know, analysts who cover them, you'll often hear about them. They'll talk about it sort of, in their opinion, one of the best positioned platforms, at least over the long term. You know, Dan Ives or Wedbush actually just raised his target. I think it was this week to 525 on that one. I think he calls it the Sequoia of Cyber.
Does. Yeah, nice. Not, of course, the great Sequoia Barkley.
Of course. He has he has good names for everything. Doesn't he? Yes.
He does. He does.