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CrowdStrike Analysts Increase Their Forecasts After Upbeat Earnings

Published 29/11/2023, 12:24
© Reuters.  CrowdStrike Analysts Increase Their Forecasts After Upbeat Earnings
CRWD
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Benzinga - by Lisa Levin, Benzinga Editor.

CrowdStrike Holdings Inc (NASDAQ: CRWD) posted better-than-expected earnings for its third quarter.

CrowdStrike said third-quarter revenue increased 35% year-over-year to $786 million, which beat the consensus estimate of $777.13 million, according to Benzinga Pro. The cybersecurity company reported quarterly earnings of 82 cents per share, which beat analyst estimates of 74 cents per share.

The company anticipates fourth-quarter earnings of 81 cents to 82 cents per share versus estimates of 78 cents per share. It sees full-year earnings in the range of $2.95 to $2.96 per share versus estimates of $2.83 per share.

CrowdStrike shares gained 2.1% to $216.80 in pre-market trading.

These analysts made changes to their price targets on CrowdStrike following earnings announcement.

  • Keybanc increased the price target on CrowdStrike from $240 to $245. Keybanc analyst Eric Heath maintained an Overweight rating.
  • Barclays boosted the price target on CrowdStrike from $225 to $240. Barclays analyst Saket Kalia maintained an Overweight rating.
  • Needham raised the price target on CrowdStrike from $245 to $250. Needham analyst Alex Henderson maintained a Buy rating.
  • Rosenblatt increased the price target on CrowdStrike from $200 to $245. Rosenblatt analyst Catharine Trebnick maintained a Buy rating.
  • JP Morgan raised the price target on CrowdStrike from $210 to $230. JP Morgan analyst Brian Essex maintained an Overweight rating.

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Latest Ratings for CRWD

DateFirmActionFromTo
Mar 2022BarclaysMaintainsOverweight
Mar 2022Canaccord GenuityMaintainsBuy
Mar 2022Deutsche BankMaintainsBuy
View More Analyst Ratings for CRWD

View the Latest Analyst Ratings

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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