CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are climbing Wednesday as investors position ahead of the cybersecurity company’s second-quarter results, due after today’s market close.
CrowdStrike Holdings stock is holding steady today. What should traders watch with CRWD?
CrowdStrike Heads Into Earnings With a Strong Beat Streak
Analysts expect CrowdStrike to report second-quarter revenue of $1.44 billion, up from $1.17 billion a year earlier, and adjusted earnings of 29 cents per share, up from 23 cents in the same quarter last year, according to Benzinga Pro data. The company has a strong history of positive earnings surprises.
If CrowdStrike beats both the revenue and earnings estimates, it would reinforce the idea that demand for its platform is holding up even as competition in cybersecurity intensifies. A beat on revenue in particular would suggest customers are still expanding their spending with CrowdStrike at a healthy pace, while a beat on earnings would point to the company converting that growth into profit more efficiently.
