Crowdstrike (NASDAQ:CRWD) Issues FY 2020 Earnings Guidance
Crowdstrike (NASDAQ:CRWD) issued an update on its FY 2020 earnings guidance on Thursday morning. The company provided EPS guidance of $-0.72–0.7 for the period. The company issued revenue guidance of $430.2-436.4 million, compared to the consensus revenue estimate of $408.03 million.Crowdstrike also updated its Q2 guidance to (0.24)-(0.23) EPS.
Shares of Crowdstrike stock traded up $10.77 during midday trading on Friday, hitting $83.52. 13,652,620 shares of the company were exchanged, compared to its average volume of 1,948,905. Crowdstrike has a 52 week low of $56.00 and a 52 week high of $85.85.
Crowdstrike (NASDAQ:CRWD) last released its quarterly earnings results on Thursday, July 18th. The company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.16). The company had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $95.60 million. The firm’s revenue was up 103.2% compared to the same quarter last year. On average, equities research analysts forecast that Crowdstrike will post -1.29 EPS for the current fiscal year.
In other news, Director Sameer K. Gandhi acquired 650,000 shares of Crowdstrike stock in a transaction dated Friday, June 14th. The stock was purchased at an average cost of $34.00 per share, with a total value of $22,100,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Capitalg Lp acquired 140,000 shares of Crowdstrike stock in a transaction dated Friday, June 14th. The stock was purchased at an average cost of $34.00 per share, with a total value of $4,760,000.00. The disclosure for this purchase can be found here.
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