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CrowdStrike Stock Sees Surge In Options Trading Before Q1 Earnings, Charts Indicate Bearish Momentum
CrowdStrike Holdings Inc (NASDAQ:CRWD) will be reporting its first-quarter earnings on Tuesday. Wall Street expects 90 cents in EPS and $904.66 million in revenues as the company reports after market hours.
The stock is up 100.34% over the past year, 20.90% YTD. CrowdStrike stock is experiencing high options trading volume and is expected to post strong first-quarter results. On Monday, 49,780 contracts were exchanged, signifying around 5.0 million underlying shares.
That is equivalent to roughly 173.8% of the 2.9 million shares that had traded on a daily average for CRWD stock over the previous month. The $250 strike put option, which expires on June 07, saw particularly significant movement; 1,392 contracts, or around 139,200 underlying shares of CRWD, were traded on Monday.
Morgan Stanley sees the stock reaching a $100 billion valuation, while Macquarie believes CrowdStrike and Zscaler Inc (NASDAQ:ZS) are well-positioned to benefit from increased cybersecurity spending following recent hacks on healthcare companies.
Additionally, the company is in a good position to capitalize on ...