Why CrowdStrike Stock Is Soaring Today
(NASDAQ: CRWD) stock is seeing big gains in Wednesday's trading. The cybersecurity specialist's share price was up 10% as of 1:45 p.m. ET, according to data from S&P Global Market Intelligence.
After the market closed yesterday, CrowdStrike published results for the third quarter of its current fiscal year. For the quarter, which ended Oct. 31, the business posted non-GAAP (adjusted) earnings per share of $0.82 on revenue of $786 million. Meanwhile, the average analyst estimate had called for the business to report per-share earnings of $0.74 on sales of roughly $777.4 million.
CrowdStrike delivered strong beats with its top- and-bottom-line performance in Q3. Sales climbed roughly 34% year over year in the period, and adjusted earnings per share were up 85% compared to last year's quarter.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is an absolute favorite of our community with 105 Buy predictions and no Sell predictions.
As a result the target price of 341 € shows a slightly positive potential of 16.14% compared to the current price of 293.6 € for CrowdStrike Holdings Inc.
