Shares of CrowdStrike (NASDAQ:CRWD) gained in after-hours trading after the cybersecurity firm reported earnings for its first quarter of Fiscal Year 2025. Earnings per share came in at $0.93, which beat analysts’ consensus estimate of $0.90 per share.
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Sales increased by 33% year-over-year, with revenue hitting $921.04 million. This beat analysts’ expectations of $904.8 million.
Looking forward, management now expects revenue and adjusted earnings per share for FY 2025 to be in the ranges of $3,976.3 – $4,010.7 million and $3.93 – $4.03, respectively. For reference, analysts were expecting $3,975 million in revenue along with an adjusted EPS of $3.92.
Investor Sentiment for CRWD Stock Is Currently Very Positive
The sentiment among TipRanks investors is currently Very Positive. Out of the 737,690 portfolios tracked by TipRanks, 2.4% hold CRWD stock. In addition, the average portfolio weighting allocated towards CRWD among those who do have a position is 5.63%. This suggests that investors of the company are fairly confident about its future.
Furthermore, in the last 30 days, 3.6% of those holding the stock increased their positions. As a result, the stock’s sentiment is way above the sector average, as demonstrated in the following image:
Is CrowdStrike a Buy or Sell?
Turning to Wall Street, analysts have a Strong Buy consensus rating on CRWD stock based on 36 Buys, one Hold, and zero Sells assigned in the past three months, as indicated by the graphic below. After a 99% rally in its share price over the past year, the average CRWD price target of $401.19 per share implies 31.04% upside potential.
