EP Insights

El analista de RBC dice que CrowdStrike está en una buena posición para la consolidación de la seguridad cibernética

✍ 30 May, 2023 - 15:21
  • RBC Capital Markets analyst Matthew Hedberg reiterated an Outperform rating on CrowdStrike Holdings, Inc. (NASDAQ:CRWD), raising the price target to $180 from $170.
  • The company will report its fiscal first quarter of 2024 on Wednesday, May 31, 2023.
  • The analyst expects ARR/customer to continue to trend higher (although customer count is now an annual disclosure), larger initial deal sizes, cross-sell momentum, and a record pipeline exiting the quarter.
  • The analyst sees slight outperformance in Q1 results and a slight upside to FY24 guidance that likely works higher through the year.
  • Hedberg thinks that CrowdStrike is in a good position to consolidate customer spend as the big gets bigger with cyber-security. 
  • The company’s TAM of $36.5 billion is expected to expand to $43.6 billion by the year-end.
  • The analyst notes that further upside scenarios of the company include a combination of higher cross-selling, better new customer additions, and a stable-to-better macro environment.
  • However, given the crowded nature of the market, potential pricing pressure can be a headwind going ahead. 
  • Based on the above, the analyst sees Q1 EPS at $0.51, with revenues of $676 million.
  • Price Target: CRWD shares are trading higher by 1.99% to $157.18 on the last check Tuesday.

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