Subtext

CrowdStrike Holdings, Inc. CRWD

SectorInformation Technology
Transcripts24
Date range2019-07-18 – 2025-03-04
Calls charted24

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-13-6+0+6+132020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32025 Q22020 Q1 · Overall: +3.32020 Q2 · Overall: +6.72020 Q3 · Overall: +9.42020 Q4 · Overall: +8.92021 Q1 · Overall: +4.32021 Q2 · Overall: +9.32021 Q3 · Overall: +10.72021 Q4 · Overall: +9.42022 Q1 · Overall: +11.32022 Q2 · Overall: +1.12022 Q3 · Overall: +9.62022 Q4 · Overall: +11.32023 Q1 · Overall: +11.02023 Q2 · Overall: +7.02023 Q3 · Overall: +3.42023 Q4 · Overall: +10.82024 Q1 · Overall: +10.22024 Q2 · Overall: +7.52024 Q3 · Overall: +5.62024 Q4 · Overall: +5.62025 Q1 · Overall: +8.72025 Q2 · Overall: +1.02025 Q3 · Overall: +5.42025 Q4 · Overall: +5.8
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-27-14+0+14+272020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32025 Q22020 Q1 · CEO: +5.82020 Q2 · CEO: +9.42020 Q3 · CEO: +12.12020 Q4 · CEO: +12.82021 Q1 · CEO: +6.72021 Q2 · CEO: +7.32021 Q3 · CEO: +16.02021 Q4 · CEO: +10.42022 Q1 · CEO: +14.02022 Q2 · CEO: -2.62022 Q3 · CEO: +11.32022 Q4 · CEO: +12.22023 Q1 · CEO: +10.12023 Q2 · CEO: +9.72023 Q3 · CEO: +7.92023 Q4 · CEO: +15.42024 Q1 · CEO: +19.42024 Q2 · CEO: +9.72024 Q3 · CEO: +7.82024 Q4 · CEO: +2.92025 Q1 · CEO: +12.42025 Q2 · CEO: +9.22025 Q3 · CEO: +15.32025 Q4 · CEO: +6.92020 Q1 · CFO: +8.32020 Q2 · CFO: +11.42020 Q3 · CFO: +18.82020 Q4 · CFO: +22.62021 Q1 · CFO: +7.62021 Q2 · CFO: +21.72021 Q3 · CFO: +15.42021 Q4 · CFO: +19.92022 Q1 · CFO: +15.62022 Q2 · CFO: +18.02022 Q3 · CFO: +19.42022 Q4 · CFO: +20.82023 Q1 · CFO: +23.62023 Q2 · CFO: +21.72023 Q3 · CFO: +6.72023 Q4 · CFO: +18.72024 Q1 · CFO: +14.32024 Q2 · CFO: +18.52024 Q3 · CFO: +7.02024 Q4 · CFO: +17.22025 Q1 · CFO: +14.32025 Q2 · CFO: +0.02025 Q3 · CFO: -2.72025 Q4 · CFO: +19.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-24-12+0+12+242020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32025 Q22020 Q1 · Prepared remarks: +1.72020 Q2 · Prepared remarks: +3.72020 Q3 · Prepared remarks: +10.12020 Q4 · Prepared remarks: +4.62021 Q1 · Prepared remarks: +6.02021 Q2 · Prepared remarks: +3.02021 Q3 · Prepared remarks: +11.12021 Q4 · Prepared remarks: +10.92022 Q1 · Prepared remarks: +12.92022 Q2 · Prepared remarks: -2.22022 Q3 · Prepared remarks: +13.62022 Q4 · Prepared remarks: +8.42023 Q1 · Prepared remarks: +9.42023 Q2 · Prepared remarks: +12.82023 Q3 · Prepared remarks: +3.02023 Q4 · Prepared remarks: +14.62024 Q1 · Prepared remarks: +16.52024 Q2 · Prepared remarks: +8.62024 Q3 · Prepared remarks: +1.82024 Q4 · Prepared remarks: +3.82025 Q1 · Prepared remarks: +9.92025 Q2 · Prepared remarks: +1.32025 Q3 · Prepared remarks: +9.42025 Q4 · Prepared remarks: +7.92020 Q1 · Q&A responses: +11.72020 Q2 · Q&A responses: +14.02020 Q3 · Q&A responses: +14.52020 Q4 · Q&A responses: +15.52021 Q1 · Q&A responses: +7.12021 Q2 · Q&A responses: +19.32021 Q3 · Q&A responses: +19.42021 Q4 · Q&A responses: +15.72022 Q1 · Q&A responses: +14.82022 Q2 · Q&A responses: +9.02022 Q3 · Q&A responses: +11.22022 Q4 · Q&A responses: +21.12023 Q1 · Q&A responses: +19.42023 Q2 · Q&A responses: +13.22023 Q3 · Q&A responses: +10.52023 Q4 · Q&A responses: +16.32024 Q1 · Q&A responses: +16.02024 Q2 · Q&A responses: +15.52024 Q3 · Q&A responses: +13.42024 Q4 · Q&A responses: +11.72025 Q1 · Q&A responses: +11.02025 Q2 · Q&A responses: +13.72025 Q3 · Q&A responses: +7.52025 Q4 · Q&A responses: +10.6
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$-0.50$2.12$4.752020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32025 Q22020 Q1: $-0.142020 Q2: $0.062020 Q3: $0.182020 Q4: $0.342021 Q1: $0.342021 Q2: $0.522021 Q3: $0.682021 Q4: $0.872022 Q1: $1.182022 Q2: $1.442022 Q3: $1.692022 Q4: $1.962023 Q1: $2.432023 Q2: $2.682023 Q3: $3.272023 Q4: $3.652024 Q1: $4.072024 Q2: $4.392024 Q3: $4.052024 Q4: $4.33

Forward P/E

-85.76909.551904.862020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32025 Q22020 Q2: 1767.582020 Q3: 715.362020 Q4: 530.092021 Q1: 608.872021 Q2: 454.702021 Q3: 383.602021 Q4: 241.272022 Q1: 161.412022 Q2: 113.872022 Q3: 108.942022 Q4: 61.572023 Q1: 53.152023 Q2: 57.502023 Q3: 51.522023 Q4: 69.122024 Q1: 81.552024 Q2: 88.782024 Q3: 65.962024 Q4: 80.52

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2022 Q2 tone ↓ -10.1 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -4.1 fwd EPS ↑ +0.24 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -3.6 fwd EPS ↑ +0.59 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↓ -2.7 fwd EPS ↑ +0.31 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q42025-03-04+5.8——View →
2025 Q32024-11-26+5.4——View →
2025 Q22024-08-28+1.0——View →
2025 Q12024-06-04+8.7——View →
2024 Q42024-03-05+5.6$4.3380.5View →
2024 Q32023-11-28+5.6$4.0566.0View →
2024 Q22023-08-30+7.5$4.3988.8View →
2024 Q12023-05-31+10.2$4.0781.5View →