Why CrowdStrike Dipped, but Then Rallied Today
Shares of (NASDAQ: CRWD) initially dipped this morning, as much as 3.2%, before rebounding to a 4.3% gain as of 2:08 p.m. ET.
CrowdStrike delivered earnings last night that beat expectations, as has been the pattern for the formidable cybersecurity company. And while it looked as though slightly underwhelming guidance for next quarter initially led to a sell-off, investors who took time to listen to management's comments and view the longer-term picture eventually sent the stock higher.
In its fiscal second quarter, CrowdStrike delivered revenue growth of 21.4% to $1.17 billion, ahead of expectations, with adjusted (non-GAAP) earnings per share of $0.93, up just 5.7%, but also ahead of expectations.
Source Fool.com
CrowdStrike Holdings Inc Stock
€335.65
-1.860%
The stock is one of the favorites of our community with 128 Buy predictions and 2 Sell predictions.
As a result the target price of 447 € shows a positive potential of 33.17% compared to the current price of 335.65 € for CrowdStrike Holdings Inc.
