From Nasdaq:

Shares of CrowdStrike Holdings (CRWD) have been on the move, hitting a new 52-week high. The company has gained 7.2% since the start of the year, outperforming the Zacks Computer and Technology sector and the Zacks Internet – Software industry with an impressive record of positive earnings surprises. In the last quarter, CRWD reported EPS of $0.82, beating the consensus estimate by 1.13%.

For the current fiscal year, CRWD is expected to post earnings of $2.95 per share and a 36.05% change in revenues. Valuation metrics show that the stock currently trades at 92.8X current fiscal year EPS estimates, a premium to the peer industry average of 34X, but not enough to put the company in the top echelon of all stocks from a value perspective.

With a Zacks Rank of #2 (Buy), CRWD shares could have room to run in the near term. However, how does CRWD stack up to the competition? One industry peer that looks good is Meta Platforms, Inc. (META), with strong earnings and a forward P/E of 20.28X and P/CF of 26.3X. The Internet – Software industry is in the top 12% of all industries.

Experts have recently distilled 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. These tickers are “Most Likely for Early Price Pops”, and have outperformed the market more than 2X over with an average gain of +24.0% per year. CrowdStrike (CRWD) and Meta Platforms, Inc. (META) may continue to soar, benefiting from solid fundamentals and tailwinds in the industry.



Read more: CrowdStrike (CRWD) Hit a 52 Week High, Can the Run Continue?