Macquarie analyst Frederick Havemeyer maintains CrowdStrike Holdings (NASDAQ:CRWD) with a Outperform
Macquarie analyst Frederick Havemeyer maintains CrowdStrike Holdings (NASDAQ:CRWD) with a Outperform and maintains $370 price target.
News & Forecast & Price target & Analyst Ratings & Estimates
Macquarie analyst Frederick Havemeyer maintains CrowdStrike Holdings (NASDAQ:CRWD) with a Outperform and maintains $370 price target.
CrowdStrike Holdings (CRWD) and Zscaler (ZS) remain the “top cybersecurity picks” amid the “highly hostile threat landscape,” Macquarie said in a note Monday. The firm said that the fallout from the cyberattack against UnitedHealth Group’s (UNH) Change Healthcare unit in late February can still be felt. The cyberattack, which impacted more than 80% of hospitals in the US according to the note, prompted UnitedHealth to advance more than $2 billion to medical providers after restoring Change Healthcare’s electronic payments platform. Macquarie said it positively views the positioning of CrowdStrike and Zscaler “as core pillars of software-based zero-trust cybersecurity practices.” “We believe CrowdStrike’s best-of-breed endpoint security platform is ideally positioned to mitigate ransomware attacks, and we think Zscaler’s cloud-based network security solutions provide strong protection against attackers moving laterally within hybrid cloud environments,” the firm said.
Morgan Stanley analyst Hamza Fodderwala maintains CrowdStrike Holdings with a Overweight and raises the price target from $304 to $372.
CrowdStrike (CRWD.US) shares surged 23% in premarket activity on Wednesday after the company reported Q4 earnings that more than doubled from a year ago and the soaring revenue was ahead of the consensus. The company reported late Tuesday fiscal Q4 non-GAAP diluted earnings of $0.95 per share, up from $0.47 a year earlier. Analysts polled by Capital IQ expected $0.82. Revenue for the quarter ended Jan. 31 was $845.3 million, up from $637.4 million a year earlier. Analysts surveyed by Capital IQ expected $840.0 million. For fiscal Q1, the company expects non-GAAP diluted EPS of $0.89 to $0.90 on revenue of $902.2 million to $905.8 million. Analysts polled by Capital IQ expect $0.82 and $901.1 million, respectively. For fiscal 2025, it expects non-GAAP diluted EPS of $3.77 to $3.97 on revenue of $3.92 billion to $3.99 billion. Analysts in a Capital IQ survey are looking for $3.76 and $3.94 billion,…
HSBC analyst Stephen Bersey maintains CrowdStrike Holdings with a Buy and raises the price target from $411 to $412.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our target price to $406 from $360 on a P/S of 24.5x, above its three-year historical average on its competitive strength and annual recurring revenue (ARR) growth momentum even in a weaker economic climate, using our FY 25 (Jan.) revenue estimate of $3.97B. We lift our FY 25 EPS view to $3.95 from $3.68 and set FY 26’s at $4.94. CRWD reported Q4 revenue of $845.3M, above consensus by $5.34M, while non-GAAP EPS of $0.95 beat by $0.13. The company ended the year strong, adding $287M in net new ARR, up 27% Y/Y, driving Subscription sales and total revenue growth of 33%. We note impressive deal volumes, aided by multi-product new business lands, and displacements of next-generation vendors in significant transactions across a number of…
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The following is a summary of the CrowdStrike Holdings, Inc. (CRWD) Q4 2024 Earnings Call Transcript: Financial Performance: CrowdStrike reported a Q4 net new ARR of $282 million, a 27% year-over-year growth. Record GAAP profitability was achieved, with a record free cash flow reaching 33% of revenue. CrowdStrike reported a 34% and 36% growth in ending ARR and revenue respectively for the fiscal year. Operating income for the fiscal year grew by 86%, reaching $660.3 million or 22% of revenue. Gross margin increased by 282 basis points year-over-year to 78%, with total non-GAAP operating expenses at 53% of revenue. Q4 revenue grew to $845.3 million, a 33% increase. Business Progress: CrowdStrike has shown significant growth in its Falcon platform, closing record deal volumes and introducing flexible licensing models for customers. The company plans to continue expansion and development of its cybersecurity solutions, with successful launches and general availability of new…
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CrowdStrike Holdings (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 03/05/2024 12.97% Wedbush $278 → $350 Maintains Outperform 03/04/2024 12.97% Needham $325 → $350 Maintains Buy 03/04/2024 22.65% Wells Fargo $315 → $380 Maintains Overweight 02/29/2024 12.97% JP Morgan $300 → $350 Maintains Overweight 02/28/2024 9.74% Barclays $300 → $340 Maintains Overweight 02/21/2024 15.55% Guggenheim $274 → $358 Maintains Buy 02/21/2024 19.43% Goldman Sachs $222 → $370 Maintains Buy 02/20/2024 12.97% Truist Securities $290 → $350 Maintains Buy 02/20/2024 21.04% Rosenblatt $315 → $375 Maintains Buy 02/14/2024 21.04% Keybanc $318 → $375 Maintains Overweight 02/13/2024 16.2% Cantor Fitzgerald → $360 Reiterates Overweight → Overweight 02/12/2024 16.2% Cantor Fitzgerald $240 → $360 Maintains Overweight 02/02/2024 -22.53% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/31/2024 6.52% JMP Securities → $330 Reiterates Market Outperform → Market Outperform 01/30/2024 6.52% Raymond James → $330…
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JP Morgan analyst Brian Essex maintains CrowdStrike Holdings (NASDAQ:CRWD) with a Overweight and raises the price target from $300 to $350.
CrowdStrike Holdings (NASDAQ:CRWD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/21/2024 26.54% Goldman Sachs $222 → $370 Maintains Buy 02/20/2024 19.7% Truist Securities $290 → $350 Maintains Buy 02/20/2024 28.25% Rosenblatt $315 → $375 Maintains Buy 02/14/2024 28.25% Keybanc $318 → $375 Maintains Overweight 02/13/2024 23.12% Cantor Fitzgerald → $360 Reiterates Overweight → Overweight 02/12/2024 23.12% Cantor Fitzgerald $240 → $360 Maintains Overweight 02/02/2024 -17.92% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight 01/31/2024 12.86% JMP Securities → $330 Reiterates Market Outperform → Market Outperform 01/30/2024 12.86% Raymond James → $330 Initiates Coverage On → Outperform 01/29/2024 12.86% JMP Securities $235 → $330 Maintains Market Outperform 01/18/2024 8.75% Keybanc $245 → $318 Maintains Overweight 01/17/2024 — WestPark Capital Downgrades Buy → Hold 01/16/2024 -0.82% Truist Securities $230 → $290 Maintains Buy 01/12/2024 -17.92% Cantor Fitzgerald → $240 Reiterates Overweight → Overweight…
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