Crowdstrike (NASDAQ:CRWD) Updates Q2 Earnings Guidance
Crowdstrike (NASDAQ:CRWD) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of (0.24)-(0.23) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.31). The company issued revenue guidance of $103-$104 million, compared to the consensus revenue estimate of $96.79 million.Crowdstrike also updated its FY 2020 guidance to $-0.72–0.7 EPS.
Several research firms have recently issued reports on CRWD. Piper Jaffray Companies set a $92.00 price objective on shares of Wintrust Financial and gave the stock a buy rating in a research report on Monday, July 8th. JMP Securities began coverage on shares of Fiverr International in a research report on Monday, July 8th. They issued an outperform rating and a $33.00 price objective for the company. Stifel Nicolaus began coverage on shares of AAR in a research report on Monday, July 8th. They issued a buy rating and a $50.00 price objective for the company. Bank of America reissued a sell rating on shares of Deutsche Bank in a research report on Monday, July 8th. Finally, Barclays reissued an underweight rating and issued a GBX 600 ($7.84) price objective on shares of in a research report on Monday, July 8th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $78.19.
CRWD traded up $1.75 during trading hours on Thursday, reaching $72.75. 2,256,189 shares of the stock traded hands, compared to its average volume of 2,896,635. Crowdstrike has a fifty-two week low of $56.00 and a fifty-two week high of $79.79.
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