BUZZ-PREVIEW: CrowdStrike seen reporting higher rev, EPS in results due after the bell

Reuters
3 hours ago
BUZZ-PREVIEW: <a href="https://laohu8.com/S/CRWD">CrowdStrike</a> seen reporting higher rev, EPS in results due after the bell 

** Shares of CrowdStrike CRWD.O up 1.9% on Tues, with the cybersecurity co seen posting higher rev and EPS in its qrtrly results due after the closing bell

** Stock was bucking the broader trend in the mkt, with the Nasdaq .IXIC last down 0.9% on the day

** CRWD expected to post Q4 rev of $1.30 bln vs $1.06 bln in the yr-ago period, and adj EPS of $1.10, vs $1.03 a yr ago, per LSEG

** In December, the co forecast upbeat qtrly rev, citing momentum from growing adoption of its AI-driven tools

** Cybersecurity stocks, including CRWD, slid in late Feb after AI startup Anthropic launched a security tool, sparking concerns over new competition

** The 12-mo median PT on CRWD is $535; the stock was last at $392.23

** CRWD has underperformed YTD, falling 16.4% vs a roughly 3% fall for the Nasdaq in that period

(Reporting by Caroline Valetkevitch )

((caroline.valetkevitch@thomsonreuters.com))

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