CrowdStrike Guides 3Q Adjusted EPS to 31 Cents
CRWD has more than doubled off its 52-week low of $85.68.
Summary
CrowdStrike issued third-quarter adjusted EPS guidance of 31 cents. This is the first time the company has provided a specific figure for the third quarter, following its second-quarter guidance of $1.16-$1.18 issued in June. The guidance comes after a 4-for-1 stock split in July, so the 31-cent figure is on a post-split basis. The company's Q1 results showed a return to GAAP profitability and 26% revenue growth, but the July sensor incident has lengthened sales cycles. Traders will compare this guidance to consensus estimates to gauge whether the company is signaling a slowdown or maintaining momentum.
At the time of this announcement, CRWD was trading at $184.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $188.8B. The 52-week trading range was $85.68 to $227.50. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.