On June 3, CrowdStrike fell 3.13% in regular trading, trading at $743.2/share, with trading volume of $528 million.
On the news front, the systems software sector was broadly under pressure, with Palo Alto Networks down 6.39%, ServiceNow down 5.87%, Oracle down 5.68%, and Microsoft down 2.16%, reflecting weak industry sentiment. The company is scheduled to release its latest quarterly earnings after market close the same day, with consensus expectations of revenue growth of 23.43% year-over-year to $1.363 billion and adjusted EPS growth of 63% to $1.07.
The stock has surged 98% over the prior three months, carrying a forward P/E of approximately 133x. The options market implies a potential post-earnings move of around 10.5% in either direction. Multiple institutions have raised price targets ahead of the report — Jefferies to $775, Evercore ISI to $710, and Wedbush to $700 — yet the combination of elevated valuation and heightened expectations prompted some investors to lock in profits pre-earnings. RBC Capital previously noted that market expectations have risen significantly.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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