CrowdStrike Holdings, Inc. ($CRWD) Earnings (Q2 FY23)

 CrowdStrike Holdings, Inc. ($CRWD) Earnings and Opinion:


CrowdStrike is a company in the Technology sector and operates in the Software-Infrastructure industry. The company provides cloud-delivered protection against endpoints and cloud workloads, identity, and data. CrowdStrike was incorporated in 2011 and is currently headquartered in Austin, Texas. The company made its debut on the stock market in June of 2019.

CrowdStrike Earnings Results:

  • Revenues of $535M beating expectations of $516M
  • Operating Income of $87M beating expectations of $73M
  • Adjusted EPS of $0.36 beating expectations of $0.28
  • Guidance beat estimates, except for Q3 FY 23 Operating Margin
Opinion:
CrowdStrike has not found a direction after reporting earning after the closing bell this afternoon. The company had a solid earnings reports and also had some pretty good guidance. They missed on deferred revenue, but it was a tiny miss. The Operating Margin guidance was also a very slim miss. Overall, investors have to be impressed with numbers like this coming through. It makes sense, after we have seen some solid reports from competition. I liked where EPS came in at and I look for them to build on profitability. I am happy with what this company has going for them and I hope they can continue to carry this momentum for the future. As far as valuation goes, the P/S ratio sits at 28.08 which is relatively high. The current ratio is 1.83 and the cash outweighs the debt by a good margin. Growth looks promising with a little slow down but on a continued trend. In my opinion, CrowdStrike seems like a company that is on the verge of breaking through. They are doing a solid job of reaching the profitability verge, and seem to be close to breaking it full-time. They have a lot of momentum with them right now and could be a future leader in this industry. I can't complain about anything they do, and with the way technology is moving, this company will play a vital role in many businesses. I am long CrowdStrike. 


*Information from Yahoo Finance, CMLVIZ, Consensus Gurus, Motley Fool

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