What's Going On With CrowdStrike Stock Monday?

CrowdStrike Holdings Inc CRWD shares are in the spotlight this week ahead of earnings. Here’s what you need to know before the cybersecurity company reports.

What To Know: CrowdStrike is due to report first-quarter earnings results for fiscal 2025 after the market close on Tuesday. The company is expected to report earnings of 90 cents per share and revenue of $904.665 million, according to estimates from Benzinga Pro.

Recent analyst changes include a price target raise to $400 from JPMorgan and a price target increase from Morgan Stanley to $422. Both analyst firms maintained Overweight ratings on the stock.

Last quarter, CrowdStrike beat top-line estimates of $839.04 million, turning in revenue of $845.34 million. The company also reported earnings of 95 cents per share, beating estimates of 82 cents per share.

"Customers favor our single platform approach, standardizing on CrowdStrike for cloud security, identity protection, and LogScale next-gen SIEM solutions, together representing more than $850 million of ending ARR," CEO George Kurtz said at the time. "CrowdStrike is cybersecurity's consolidator of choice, innovator of choice, and platform of choice to stop breaches."

CrowdStrike guided for first-quarter revenue in the range of $902.2 million to $905.8 million and first-quarter adjusted earnings of 89 cents to 90 cents per share. It’s worth noting that CrowdStrike has exceeded analyst estimates on the top and bottom lines in every quarter since it went public in 2019.

CrowdStrike on Monday announced that it will partner with The Washington Post Live to present Securing Cyberspace: The global cyberthreat landscape in 2024 on June 6. Topics will include the major cybersecurity threats to U.S. national security, safeguarding America’s critical infrastructure ahead of the 2024 elections and a discussion on ecosystem-level cybersecurity issues.

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CRWD Price Action: CrowdStrike shares were up 0.76% at $316.05 at the time of publication, according to Benzinga Pro.

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