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CrowdStrike Holdings, Inc. (CRWD) provides cloud-delivered solutions for next-generation endpoint protection in the United States, Australia, Germany, India, Romania, and the United Kingdom.
It offers 11 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as endpoint security, security and IT operations, and threat intelligence to deliver comprehensive breach protection even against today's most sophisticated attacks.
The company primarily sells its platform and cloud modules through its direct sales team.
CrowdStrike Holdings reported breakeven results for the 1st Quarter April 2020 on revenue of $178.1 million. The consensus estimate was a loss of $0.06 per share on revenue of $165.8 million. Revenue grew 85.3% on a year-over-year basis.
The company said it expects second quarter non-GAAP results to range from a loss of $0.02 per share to breakeven on revenue of $185.8 million to $190.3 million. The current consensus estimate is a loss of $0.06 per share on revenue of $174.8 million for the quarter ending July 31, 2020. The company also said it expects a fiscal year loss of $0.08 to $0.05 per share on revenue of $761.2 million to $772.6 million. The company's previous guidance was loss of $0.14 to $0.10 per share on revenue of $723.3 million to $733.5 million and the current consensus estimate is a loss of $0.12 per share on revenue of $729.1 million for the year ending January 31, 2021.
The stock appears to be a leader in the cybersecurity sector, which has been doing a strong sector for long-term growth. CrowdStrike reported strong earnings early this month and should continue this momentum, pushing shares higher.
Entry point: $100.00
52-week trade range: $31.95 - $103.80
Stop/Loss: $97.00
Target Price: $110.00
CRWD closed at $110.66
