Why CrowdStrike Stock Is Plummeting Today
(NASDAQ: CRWD) stock is getting hit with a wave of sell-offs following the company's recent fourth-quarter report. The company's share price was down 8.2% as of 12:30 p.m. ET and had fallen as much as 12.1% earlier in the day.
CrowdStrike published its Q4 results after the market closed yesterday, actually reporting sales and earnings that beat Wall Street's expectations. But despite posting better-than-expected quarterly results, investors are selling out of the stock due to forward guidance that came in lower than anticipated.
CrowdStrike reported non-GAAP (adjusted) earnings per share of $1.03 on sales of $1.06 billion in the fourth quarter, topping the average analyst estimate's call for per-share earnings of $0.86 on sales of $1.04 billion. The company's revenue was up 25.4% year over year in the period, and adjusted earnings per share were up 8.4%.
Source Fool.com
CrowdStrike Holdings Inc Stock
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 32.21% compared to the current price of 338.1 € for CrowdStrike Holdings Inc.
