Crowdstrike slumps after Q1 results, brokerages remain positive

Cybersecurity firm CrowdStrike's CRWD.O shares slip 7.1% to $454.27 premarket, after Q2 revenue forecast below estimates

Co expects Q2 revenue between $1.14 bln and $1.15 bln, compared with analysts' average estimate of $1.16 bln - data compiled by LSEG

CRWD reports Q1 revenue of $1.10 bln, meeting Wall Street's estimates

Canaccord Genuity lowers rating to 'hold' from 'buy', increases PT to $475 from $420; at least 11 other brokerages raise PT

"We continue to value CRWD at a premium to cyber peers with similar growth rates, given its strong track record of execution," brokerage says

Piper Sandler increases PT to $505 from $400, says co is "unique story in software" due to scale, potential for reaccleration and margin expansion

Average rating of 53 analysts is "buy"; median PT is $475

As of last close, CRWD up 42.9% YTD vs peers Palo Alto Networks PANW.OQ and Fortinet's FTNT.OQ rise of 8.3% and 8.9%, respectively