Shares in CrowdStrike (CRWD.O) were up 3% ahead of second-quarter results, due out after the closing bell.
Wall Street expects the cybersecurity company to report adjusted EPS of $0.29 vs. $0.23 in the year-ago quarter on revenue of $1.44 billion, which would be about 23% above the $1.17 billion year-ago level, according to LSEG.
Last quarter, the company reported a 15% jump in operating expenses, sending shares lower despite a revenue beat and raised full-year forecast.
The stock was recently valued at about 130 times forward earnings estimates vs. an industry median of 12.2, according to LSEG data.
Shares are up about 62% year to date but remain about 15% below the Aug. 13 closing record, compared with the Nasdaq's .IXIC roughly 13% YTD advance and the S&P 500 software & services sector index .SPLRCIS YTD loss of about 2%.
CRWD last traded at $190.65 vs. a median price target of $220. LSEG data shows analyst ratings are “buy” or “strong buy,” while rate it “hold” and recommend “sell.”
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