CrowdStrike Stock Soared Today: Is It Still a Buy?
On the heels of a stronger-than-expected third-quarter earnings report, (NASDAQ: CRWD) made big gains in Wednesday's trading. The company's share price closed out the daily trading session up 10.4%, according to data from S&P Global Market Intelligence.
CrowdStrike reported strong Q3 results after the market closed on Tuesday, paving the way for the stock to see big gains in Wednesday's session. The cybersecurity specialist recorded non-GAAP (adjusted) earnings per share of $0.82 on revenue of $786 million -- a performance that came in far better than the average analyst estimate's target for per-share earnings of $0.74 on revenue of $777.4 million.
Despite some macroeconomic headwinds, CrowdStrike posted a very encouraging third-quarter performance. The strong results point to resilient demand in the cybersecurity space, even though many enterprises and large organizations are weighing the possibility of economic headwinds in the near term.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is one of the favorites of our community with 161 Buy predictions and 1 Sell predictions.
As a result the target price of 323 € shows a positive potential of 28.84% compared to the current price of 250.7 € for CrowdStrike Holdings Inc.
