Market News

Crowdstrike Stock Plunges after Weak Revenue Guidance

Shares of Crowdstrike (NASDAQ: CRWD) fell over 18% in after-hours trading after the company reported earnings for its third quarter of Fiscal Year 2023. Earnings per share came in at $0.40, which beat analysts’ consensus estimate of $0.32 per share.

Sales increased by 52.8% year-over-year, with revenue hitting $580.88 million. This beat analysts’ expectations of $575.1 million.

Looking forward, management now expects revenue and adjusted earnings per share for Q4 2023 to be in the ranges of $619.1 million to $628.2 million and $0.42 to $0.45, respectively.

For reference, analysts were expecting $634.2 million in revenue along with an adjusted EPS of $0.34.

Overall, Wall Street has a consensus price target of $227.77 on CRWD stock, implying 65.12% upside potential, as indicated by the graphic above.

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More