CrowdStrike Holdings (CRWD) shares rose 4.9% to $381.10 in the last trading session on higher-than-average volume, reversing a 22.6% decline over the past month. The increase is linked to the launch of CrowdStrike’s FalconID, a new solution for phishing-resistant, multi-factor authentication designed to combat AI-driven security threats.
For its upcoming quarterly earnings report, CrowdStrike is expected to post earnings of $1.10 per share, marking a year-over-year increase of 6.8%, with anticipated revenues of $1.3 billion, up 22.5% from the previous year. The consensus earnings per share estimate has remained unchanged over the past 30 days.
The stock currently holds a Zacks Rank of #3 (Hold). In comparison, competitor Okta (OKTA) also saw a gain of 3.1% recently, closing at $75.25, despite a monthly decline of 19.6%. Okta’s upcoming earnings are projected at $0.85 per share, reflecting a 9% increase year-over-year.
