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CRWD — CrowdStrike Holdings News Story

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PREVIEW: Crowdstrike's Q2  EPS, rev seen climbing

BUZZ-PREVIEW: Crowdstrike's Q2  EPS, rev seen climbing

** Shares in CrowdStrike CRWD.O up 3% ahead of Q2 results, due out after closing bell

** Wall Street sees the cybersecurity co reporting adj EPS of $0.29 vs $0.23 in yr-ago qtr on rev of $1.44 bln, which would be ~23% above $1.17 bln year-ago, according to LSEG

** Last qtr, the co reported a 15% jump in operating expenses, sending shares lower despite a rev beat and raised full-yr forecast

** Stock recently valued at about ~130 times forward earnings estimates vs industry median of 12.2, as per LSEG data

** Shares up ~62% YTD but ~15% below Aug. 13 closing record, vs Nasdaq's .IXIC ~13% YTD advance and S&P 500 software & service sector index .SPLRCIS YTD loss of ~2%

** CRWD last traded at $190.65 vs median PT of $220, as per LSEG which shows 40 analyst ratings are 'buy' or 'strong buy', while 13 rate it 'hold' and two recommend 'sell'


(Reporting by Sinead Carew)

((sinead.carew@thomsonreuters.com))

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