PREVIEW: CrowdStrike 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
