CrowdStrike

JPMorgan raised CrowdStrike (NASDAQ:CRWD) price target to $155 from $137

JPMorgan Chase at Crowdstrike (NASDAQ:CRWD) raised its price target to $155 from $137 and maintained its “overweight” rating on the stock after its fiscal fourth-quarter results. The analyst told investors in a research note that the company’s execution has improved compared to the previous quarter, and the business level has “recovered rapidly” from the previous quarter. The company said the results reflect strong demand for its AI-driven platform as Crowdstrike continues to consolidate its market share. The company continues to see Crowdstrike as one of the best candidates to consolidate market share and is encouraged by its ability to continue to improve in a challenging macro environment.

JPMorgan raised CrowdStrike (NASDAQ:CRWD) price target to $155 from $137 Read Post »

CrowdStrike(NASDAQ:CRWD) Q4 2023 revenue of $637.4 million,up 48% year-over-year

March 7, 2023 — CrowdStrike Holdings, Inc. (Nasdaq: CRWD), a global cybersecurity leader that provides cloud-delivered protection of endpoints, cloud workloads, identity and data, today announced financial results for the fourth quarter and fiscal year 2023, ended January 31, 2023. CrowdStrike(NASDAQ:CRWD) reported fiscal Q4 non-GAAP earnings of $0.47 per diluted share,  Analysts polled by Capital IQ estimated $0.43. Revenue for the quarter ended Jan. 31 was $637.4 million,  Analysts surveyed by Capital IQ forecast $626.8 million. The cloud-based security company said it projects fiscal Q1 non-GAAP EPS of $0.50 to $0.51 on revenue of $674.9 million to $678.2 million. Analysts polled by Capital IQ are looking for $0.43 and $666.3 million, respectively. The company also said it projects fiscal 2024 non-GAAP EPS between $2.21 and $2.39 and revenue between $2.96 billion and $3.01 billion. Analysts surveyed by Capital IQ are expecting $2.02 and $2.97 billion. Fourth Quarter Fiscal 2023 Financial Revenue: Total

CrowdStrike(NASDAQ:CRWD) Q4 2023 revenue of $637.4 million,up 48% year-over-year Read Post »

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