CrowdStrike
Cloud security platform maker CrowdStrike Holdings Inc. (NASDAQ: CRWD) has seen its share price decline by around 34% over the past 12 months. The stock posted its 52-week low in late January but has still managed to improve its share price by nearly 20% so far in 2023. Monday morning, the company announced a strategic alliance with Dell that makes volume licensing of CrowdStrike’s Falcon platform available to commercial customers. The company is set to report quarterly results after Tuesday’s close.
Of 46 brokerages covering the firm, 40 have a Buy or Strong Buy rating. At a share price of around $126.00, the upside potential based on a median price target of $158.00 is 25.4%. At the high price target of $235.00, the upside potential is 86.5%.
Fourth-quarter fiscal 2023 revenue is forecast at $626.85 million, up 7.9% sequentially and by 45.4% year over year. Adjusted EPS are forecast at $0.43, up 6.4% sequentially and 43.3% higher year over year. For the full fiscal year that ended in January, analysts expect CrowdStrike to report EPS of $1.50, up 123.9%, on sales of $2.25 billion, up 54.9%.
CrowdStrike stock trades at 84.0 times expected 2023 EPS, 62.5 times estimated 2024 earnings of $2.02 and 44.4 times estimated 2025 earnings of $2.84 per share. The stock’s 52-week range is $62.25 to $242.00. CrowdStrike does not pay a dividend. Total shareholder return for the past year is negative 34.02%.
Stitch Fix
Online apparel retailer Stitch Fix Inc. (NASDAQ: SFIX) has seen its stock price drop by about 57% over the past 12 months. The stock posted its 52-week high one-year ago and is no threat to beat that anytime soon. Stitch Fix has managed to boost its share price by 62.4% since the beginning of 2023, but the share price bounce started from a 52-week low posted in late December. The company reports results after markets close on Tuesday.
Founder and former CEO Katrina Lake came back to lead the company early in January. Like Starbucks’ Howard Schultz, Lake is back in the saddle only long enough to hire a new chief executive.
Analysts remain cool to the stock. Of 19 brokerages covering the shares, 17 have a Hold rating and none rates the stock at Buy. At a price of around $5.05, the shares have outrun a median price target of $4.20. At the high target of $6.00, the upside potential is 18.8%.
Fiscal second-quarter revenue is forecast at $412.94 million, down 9.4% sequentially and 20.0% lower year over year. Stitch Fix is expected to post an adjusted per-share loss of $0.32, compared to a loss of $0.44 in the prior quarter and a loss per share of $0.28 a year ago. For the full fiscal year ending in July, the adjusted net loss is forecast at $1.37, better than last year’s loss of $1.90 per share. Full-year revenue is forecast at $1.65 billion, down about 20.5% compared to the prior year.
Stitch Fix is not expected to post a profit in 2023, 2024 or 2025. The enterprise value to sales multiple in each of those years is 0.3. The stock’s 52-week range is $2.63 to $12.20. Stitch Fix does not pay a dividend, and the total shareholder return for the past year is negative 56.65%.
Originally published at 24/7 Wall St.
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