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The analysts are “cautious” on CRWD into this week’s earnings print.
“Consensus estimates for 2H/CY24 rebound appear high in light of a more difficult demand environment,” they said in a client note.
Along these lines, they believe CrowdStrike may be prompted to cut its ARR guidance again.
Moreover, the analysts argue that risk-reward seems more balanced now after +45% YTD run.
“Our cautious view is based on more recent checks and data points over the last month, citing:
CRWD shares are down 2.6% in early Monday trade.
