The cloud-based cybersecurity stock’s current formation is a third-stage consolidation, which is less likely than an earlier-stage base to generate a big new run. The stock has been hovering just above its 50-day moving average the past six trading sessions. Watch for it to breakout of a consolidation on heavy volume. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.
In terms of top and bottom line numbers, the company has posted rising EPS growth in each of the last six reports. Sales gains have not followed the same trajectory, coming in at 74% in the most recent quarterly report.
Analysts expect earnings-per-share growth of 200% for the quarter, and 7% growth for the full year. EPS estimates for the full year were recently revised higher.
CrowdStrike stock has an 89 Composite Rating and holds the No. 3 rank among its peers in the Computer Software-Security industry group. Fortinet (FTNT) and Palo Alto Networks (PANW) are also among the most highly rated stocks within the group. For more industry news, check out “Cloud Computing: Find Top Cloud Stocks And Track Industry Trends.”
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