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CrowdStrike Holdings (CRWD) closed at $301.32 in the latest trading session, marking a +0.23% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.27%. Meanwhile, the Dow gained 0.65%, and the Nasdaq, a tech-heavy index, added 0.26%.
Prior to today's trading, shares of the cloud-based security company had gained 5.16% over the past month. This has outpaced the Computer and Technology sector's gain of 2.21% and the S&P 500's gain of 2% in that time.
The upcoming earnings release of CrowdStrike Holdings will be of great interest to investors. The company is predicted to post an EPS of $0.82, indicating constancy compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $982.26 million, reflecting a 24.97% rise from the equivalent quarter last year.
CRWD's full-year Zacks Consensus Estimates are calling for earnings of $3.65 per share and revenue of $3.9 billion. These results would represent year-over-year changes of +18.12% and +27.51%, respectively.
It is also important to note the recent changes to analyst estimates for CrowdStrike Holdings. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.13% lower. CrowdStrike Holdings is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that CrowdStrike Holdings has a Forward P/E ratio of 82.46 right now. This denotes a premium relative to the industry's average Forward P/E of 31.88.
It's also important to note that CRWD currently trades at a PEG ratio of 2.93. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Internet - Software industry stood at 2.1 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 61, finds itself in the top 25% echelons of all 250+ industries.