PREVIEW: CrowdStrike dips amid market selloff ahead of results

CrowdStrike's CRWD.O shares off ~1% as major equity indexes fall sharply on Tues with c ybersecurity firm's Q4 results due after market close

S&P 500 .SPX dropping 1.5%, while the tech-heavy Nasdaq .IXIC sliding about 1% and into correction territory as trade war worries weigh .N

For qtr ending in Jan, analysts expect CRWD to post Q4 rev of $1.03 bln, up 22% y/y, and adj EPS of 85 cents compared to 95 cents a yr-ago, LSEG data shows

Canaccord Genuity, which rates CRWD 'buy', hiked its PT by $50 to $420 on Mon

CRWD's Q3 report showed signs of a "clear recovery" from last year's major outage, Canaccord said, adding that customers are recognizing now is a good time to be doing business with the co, and are in many cases signing on for larger, longer-term deals with broader product adoption

The July 19 outage paralyzed Microsoft's MSFT.O Windows operating system, disrupting internet services globally

Jefferies in recent preview note said it expects CRWD to meet consensus 23% y/y annual recurring rev growth in the qtr, though investors will focus on the FY26 trajectory. The analysts have a 'buy' recommendation on the stock with $450 PT

Of 51 brokerages covering CRWD, recommendation breakdown is 39 "strong buy" or "buy", 11 "hold" and 1 "sell"

Median PT of $405 up from $380 on Dec 4; stock last traded at $379.26

With move on the session, CRWD shares up 11% YTD. This compares to IXIC decline of ~6% and S&P 500 Tech sector's .SPLRCT ~8% drop to begin 2025