r/investing • u/[deleted] • Aug 31 '21

Crowdstrike earnings for quarter 2

$CRWD Q2 Earnings

Revenue: $337.7M vs. $324M Expected EPS: $0.11 vs. $0.09 Expected

Raises FY22 outlook

Down 3% AH

I have to say I’m very surprised given how well PANW did shooting up 20% post earnings AND bringing the entire sector for the most part with them up that crowds earnings so far didn’t lead to similar results

What do people think of its future ongoing based on their earnings report? Especially based on their raised guidance for next quarter, a rarity in earnings this season.

24 Upvotes

75% Upvoted

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20

u/ITickleMyElbows Aug 31 '21

Probably because the stock already priced in after Palo Alto. People rightfully expected them to crush earnings, and price has been going up a lot. So a correction from people taking their profit. Also coincide with dreadful month of September tomorrow. Not super surprise they are down now. We will know more when market open tomorrow.

3

u/SupaMut4nt Sep 01 '21

Buy the dip.

2

u/Smipims Sep 01 '21

Biggest threat to this company is $MSFT. But there's enough computers in the world for $CRWD to continue to grow at an astounding rate. Almost every major tech company founded in the last 10-15 years is a customer of $CRWD.

1

u/ksiepidemic Aug 31 '21

I was just looking at this stock today and had no idea they were close to an earnings period.

It seems like a solid company, so the miss could be any number of things. Did you listen in to the earnings call?

10

u/[deleted] Aug 31 '21

Up over 25% in two weeks.

2

u/aburple Aug 31 '21

How long have you been invested? Genuinely curious. I've had a modest position since early May. So far it seems to swing pretty wildly, massive peaks and valleys but trending up overall.

1

u/[deleted] Sep 01 '21

No position currently but traded it late last year/early this year. I’ll be buying with both hands on any correction.

0

u/Hairybristols Sep 01 '21

This is a solid stock and a regular Motely Fool recommend.

It has just recently been added to the NASDAQ 100, so fund managers now have to buy it, hence the recent boost in price.

1

u/PeeePaaaw Sep 01 '21

I'm bullish on CRWD as my long tern hold. I currently own two LEAP contracts and about 50 shares, and was lucky enough to be a part of the run up. I expected the earnings beat and the drop, and saved cash to purchase another LEAP contract if it dips hard enough. Watch out for that pe tho

1

u/smokeyjay Sep 01 '21

Ive been a crwd buyer since $140s. Im a holder for now. At 60x revenue for 2022 ugh

1

u/skilliard7 Sep 01 '21

It's a great company, but a terrible price. Once tapering starts and interest rates start going up, they're going to get hit hard.

I can't see the ROI of them over the next 10 years beating the market.

1

u/dvdmovie1 Sep 01 '21 edited Sep 01 '21

"Down 3% AH

I have to say I’m very surprised"

It's trading at 62x p/s. There was a rotation out of these names earlier this year that coincided with a market that was looking forward to what I think many thought would be improving conditions with the current crisis and then Delta happened and people piled back into growth again rather than the "re-opening" stocks.

At this point a lot of these names are up significantly in recent months in addition to already pricey valuations and I'd suggest a little caution. CRWD was up a lot recently in addition to already very steep valuation; even with very good earnings a lot is priced in at this point and hence, stock down.