Connect with us

Hi, what are you looking for?


Should you buy CrowdStrike stock after a ‘beat and raise’?

CrowdStrike Holdings Inc (NASDAQ: CRWD) reported market-beating results for its fiscal second quarter and raised guidance for the future on Tuesday. Shares are still in the red after the bell.

Is CrowdStrike stock a ‘buy’ here?

Despite a strong report and the fact that “CRWD” is now down about 20% from its year-to-date high, Quint Tatro (Founder of Joule Financial) warns the CrowdStrike stock is still too expensive to own. On CNBC’s “The Exchange”, he said:

I can’t get behind it because the fundamentals aren’t there. Especially in this environment, we have to stay true to the fundamentals and try to not chase growth. 28 times sales in this environment, it’s dangerous.

For the full financial year, CrowdStrike now forecasts $1.31 to $1.33 of per-share earnings on up to $2.25 billion in revenue. In comparison, analysts had called for $1.22 and $2.21 billion, respectively. Still, Tatro says:

It’s still trading at about 100 times forward earnings. So, it’s already factoring in, on a multiple basis, a huge growth driver. So, fundamentally, it’s just not a stock I can get behind here.

CrowdStrike Q2 earnings snapshot

Lost $49.3 million versus the year-ago $57.3 million
Per-share loss narrowed to 21 cents from 25 cents
On an adjusted basis, earned 36 cents per share
Revenue jumped 58% YoY to $535.2 million
Consensus was 28 cents EPS on $516 million revenue
Annual recurring revenue (ARR) went up 59%
More than doubled the free cash flow to $73.6 million
Subscription gross margin remained flat at 76%

The Nasdaq-listed company added 1,660 net new subscribers this quarter. It now has 13,080 in total – up 81% year-on-year, as per the earnings press release.

The post Should you buy CrowdStrike stock after a ‘beat and raise’? appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    Solana (SOL/USD) is enormously underrated as a cryptocurrency project, even with its hiccups – including the latest exploit on one of the ecosystem apps....

    Editor's Pick

    The new eSIM infrastructure will help modernise the IoT connectivity market with fast, secure connections and reduced vendor lock-in. 1oT, a tech startup from...


    The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job openings in the economy...


    U.S. District Court Judge Reed O’Connor recently ruled to uphold the rights of employers granted in the Religious Freedom Restoration Act, rather than uphold...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023