CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is in focus Wednesday as the cybersecurity company prepares to report second-quarter earnings after the market close.
What To Know: Analysts expect earnings of 83 cents per share and revenue of $1.15 billion. In the first quarter, CrowdStrike posted earnings of 73 cents per share and revenue of $1.10 billion, missing Wall Street estimates.
The company has a recent track record of topping both earnings and revenue expectations in prior quarters.
Analyst Changes: Ahead of the earnings report, multiple analysts issued price target adjustments.
- BMO Capital analyst Keith Bachman maintained an Outperform rating on CrowdStrike and lowered the price target from $500 to $460.
- Evercore ISI Group analyst Peter Levine maintained an In-Line rating on CrowdStrike and lowered the price target from $440 to $425.
The consensus price target for CrowdStrike is $480.82, with the lowest price target at $371.00 and the highest price target at $555.00.
How To Buy CrowdStrike Stock
By now you're likely curious about how to participate in the market for CrowdStrike – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of CrowdStrike, which is trading at $423.74 as of publishing time, $100 would buy you 0.24 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
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CRWD Price Action: At the time of writing, CrowdStrike stock is trading 1.99% higher at $425.86, according to data from Benzinga Pro.
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