Following the mass migration from office to living room, the need for cloud security infrastructure became more apparent than ever. Especially as an astounding 3,000-4,000 daily attacks were being reported to the FBI.
This is where Crowdstrike (NASDAQ: CRWD) comes in.
The cybersecurity firm has reported four consecutive quarterly earnings beats. Can it make it a fifth tonight, or will 2020’s outsized gains finally catch up with it?
When is CrowdStrike’s earnings date?
CrowdStrike will report its Q2 earnings report on Tuesday, 31 August, at 2:00 PM Pacific Time.
How can I listen to CrowdStrike’s earnings call?
To listen to the earnings call and to access the transcript, simply visit CrowdStrike’s Investor Relations page on its website or access the report here.
What to expect from CrowdStrike’s earnings report
CrowdStrike’s stock price is up close to 50% in 2021 alone, with many investors excited by its massive potential for growth and continued success in cloud security and customer acquisition.
At tonight’s earnings call, the cybersecurity leader anticipates second-quarter fiscal 2022 revenues in the range of $318.3 million to $324.4 million. The Zacks Consensus Estimate for the same is pegged at $324.0 million, implying a 62.8% boost from the year-ago quarter.
CrowdStrike also expects non-GAAP earnings of between $0.07 and $0.09 per share, versus analysts’ estimates of $0.09 per share, suggesting a significant improvement of 200% year over year.
Investors should look out for the company’s revenue and customer size growth, and any updates on the full-year outlook.
CrowdStrike is a top-performing stock, but there are plenty of other solid investment opportunities in our market-beating shortlist. Access analysts’ insights, expert content, and much more by starting your MyWallSt free trial now.
Editor at MyWallSt
Jamie is the Content Editor here at MyWallSt. His favorite stock is Apple, which is also the first stock he ever bought. Jamie is not only a big fan of its products, but he believes that the tech giant has a whole lot more to give the world, and hasn't even scraped the surface of its potential.