CrowdStrike Checks Solid, Q2 Results May Show Seasonality: Barclays

Seekingalpha2023-08-11

Investment firm Barclays said on Friday that checks into CrowdStrike Holdings (NASDAQ:CRWD) have been "solid" ahead of the company's second-quarter earnings report, slated to be released on August 30....

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href=https://seekingalpha.com/news/4001634-crowdstrike-checks-solid-q2-results-seasonality-barclays><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investment firm Barclays said on Friday that checks into CrowdStrike Holdings (NASDAQ:CRWD) have been \"solid\" ahead of the company's second-quarter earnings report, slated to be released on August 30....</p>\n\n<a href=\"https://seekingalpha.com/news/4001634-crowdstrike-checks-solid-q2-results-seasonality-barclays\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRWD","symbol_name":"CrowdStrike Holdings, Inc.","start_time":0,"source_url":"https://seekingalpha.com/news/4001634-crowdstrike-checks-solid-q2-results-seasonality-barclays","article_id":"2358989054","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2358989054","pubTimestamp":1691759133,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Investment firm Barclays said on Friday that checks into CrowdStrike Holdings (NASDAQ:CRWD) have been \"solid\" ahead of the company's second-quarter earnings report, slated to be released on August 30.","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc."},"translate_title":"CrowdStrike检查坚实，第二季度结果可能显示季节性：巴克莱","themeId":"3e24a06b134544b39ea5a7e60150983f","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRWD":1},"content_text":"Investment firm Barclays said on Friday that checks into CrowdStrike Holdings (NASDAQ:CRWD) have been \"solid\" ahead of the company's second-quarter earnings report, slated to be released on August 30.Analyst Saket Kalia, who has an overweight rating and $173 price target on CrowdStrike (CRWD), said the company is likely to generate a net new annual recurring revenue of roughly $193M in the quarter, but there could be a scenario where it surpasses $200M.\"We model net new ARR of ~$193M which combined with [first-quarter] net new equates to down 10% [year-over-year in the first-half of 2023] - our checks here were good (particularly in July), and so we could see an upside scenario of $200M+ which would equate to similar seasonality as [second-quarter] last year and represent the same 8% [year-over-year decline as seen in the first-quarter],\" Kalia wrote in an investment note.Additionally, Kalia said he is expecting revenue of roughly $722M and approximately a 17% operating margin, but there is the potential for sales to 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