Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessCrowdStrike Slashed to Equal Weight Ahead of Upcoming Q2 Earnings

CrowdStrike Slashed to Equal Weight Ahead of Upcoming Q2 Earnings

Add to Favorite
Added to Favorite


Morgan Stanley downgraded CrowdStrike (NASDAQ:CRWD) from an Overweight to an Equal Weight rating and revised the price target by $11 to $167 per share. The analysts are cautious regarding the company’s performance leading up to its upcoming Q2 earnings announcement, scheduled on Wednesday.
The analysts pointed out that the consensus estimates for a rebound in the second half of the calendar year 2024 seem optimistic given the challenging demand environment.
The analysts stated that CrowdStrike might need to revise its Annual Recurring Revenue (ARR) guidance again. They also highlighted that the risk-reward balance has become more equitable following the stock’s year-to-date increase of over 45%.
The analysts’ cautious outlook stems from recent assessments and data gathered in the past month. This includes observations of further deceleration in crucial industry sectors, potential obstacles in cloud adoption, and limited potential for improvement in Free Cash Flow (FCF) margins.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Arch Capital Group’s Market Outlook and Financial Performance

Michael Zaremski from Capital One Financial set a price...

Jazz Pharmaceuticals’ Financial and Operational Highlights

Earnings per Share (EPS) of $3.40, missing the estimated...

Clarivate Plc (NYSE:CLVT) Q3 Earnings Overview

Clarivate Plc reported a Q3 EPS of -$0.09128, missing...

Clean Energy Fuels Corp. (NASDAQ: CLNE) Financial Performance Review

Clean Energy Fuels Corp. (NASDAQ:CLNE) reported a revenue of...