TECH - CrowdStrike Q3 Preview: Can Strong Deals Pipeline Drive Earnings Beat? | Benzinga
CrowdStrike (NASDAQ:CRWD), the cloud-based and AI-powered cybersecurity platform, is poised to report quarterly earnings after the market close on Tuesday, and analysts believe the numbers will be impressive.
CrowdStrike’s share price has doubled over the year so far, rising from $105.29 on January 31 to $210.70 on Tuesday morning ahead of the results, following earnings beats in its previous four quarterly reports.
The company said in its last update that it anticipated third-quarter revenues between $775-$778 million. Zacks Equity Research, which rates the stock a Buy, offered a consensus estimate at $777.2 million, which would come in near the top end of CrowdStrike’s own assessment. The company expected earnings per share of 74 cents, which would match Zacks’ estimate.
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