Categories Analysis, Technology

Preview: How to play CrowdStrike Holdings Q2 earnings

Cybersecurity firm CrowdStrike (NASDAQ: CRWD) has twice impressed the Wall Street so far. The first time was when it went public in June by floating 18 million shares at $34 apiece, raising a total of $612 million. The stock ended its first trading day up 70%.

A month after that, it reported its maiden quarterly results, where revenues doubled year-over-year to $96.1 million, surpassing Wall Street expectation. Net loss was cut down to 47 cents per share from 73 cents a year ago.  This was in line with the Wall Street projection.

crowdstrike earnings
Image courtesy: CrowdStrike

CrowdStrike is currently one of the best IPO stocks so far this year, with till-date returns at a massive 147%. As it suggests, expectations are sky high as the company is about to report second-quarter financial results on Thursday, September 5, after the closing bell.

Analysts expect the Sunnyvale, California- based firm to report a loss of 23 cents per share, on revenues of $103.58 million. Analysts also expect to see strong growth in subscriber additions and annual recurring revenue.            

The company management had, meanwhile, projected second-quarter losses in the range of 23-24 cents per share and revenues between $103 million and $104 million.

READ: 4 biotech stocks that are ideal takeover targets

Crowdstrike had recently announced a $20 million fund to invest in startups that focus on endpoint protection, in association with venture capital firm Accel. The fund is for firms that make use of its Falcon endpoint protection platform. The developed applications will be sold through the Crowdstrike Store, launched earlier this year.  Check out for any updates on this during the earnings conference call.

Crowdstrike, founded in 2011, specializes in analyzing user behavior in various devices of a network, and uses this data to identify malicious interferences and cyber threats.

According to the company, its automated threat detection solution can come up with as many as 2.3 million decisions in a second’s time. It’s software, meanwhile, is claimed to have the capacity to successfully finish over 100 billion jobs in just a day. 

Rival Palo Alto Networks (NYSE: PANW) is set to report quarterly results on Wednesday.  

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Infographic: How Starbucks (SBUX) performed in Q1 2023

Starbucks Corporation (NASDAQ: SBUX) reported first quarter 2023 earnings results today. Consolidated net revenues increased 8% year-over-year to $8.7 billion, in line with projections.   Global comparable store sales increased

Earnings: Google parent Alphabet (GOOG, GOOGL) reports lower Q4 profit

Alphabet Inc. (NASDAQ: GOOGL, GOOG) on Thursday reported a 1% increase in fourth-quarter 2022 revenues, with strong contributions from the cloud business. The company, which owns the largest internet search

HOG Earnings: Key quarterly highlights from Harley-Davidson’s Q4 2022 financial results

Harley-Davidson, Inc. (NYSE: HOG) reported fourth quarter 2022 earnings results today. Revenue increased 12% year-over-year to $1.14 billion. Net income attributable to Harley-Davidson, Inc. rose 94% YoY to $42 million,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top