CrowdStrike Holdings (CRWD) PT Lowered to $180 at Baird
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CrowdStrike (CRWD) posts top and bottom-line beat but disappoints investors
June 1, 2023 9:39 AM EDTCrowdStrike Holdings Inc. (NASDAQ: CRWD) tumbled Thursday after its first-quarter results, posted after market Wednesday, disappointed investors.
The company beat top and bottom-line expectations with Q1 EPS of $0.57, $0.06 better than the analyst estimate of $0.51, and revenue of $692.6 million versus the consensus estimate of $677.39 million. However, its 42% rise in revenue YoY slowed from the 61% increase it posted last year.
CRWD shares are currently down over 9%.
Looking ahead, the company sees Q2 EPS... More
