45.95 -0.25 (-0.54%)
After hours: 4:00PM EDT
|Bid||45.47 x 1300|
|Ask||45.66 x 900|
|Day's Range||44.58 - 48.48|
|52 Week Range||44.58 - 101.88|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||84.94|
Despite recently tumbling, the CEO of Crowdstrike has faith the company will grow. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss with Crowdstrike CEO George Kurtz what he has learned from customers.
(Bloomberg) -- Software companies fell on Friday, extending recent losses after results from Atlassian Corp. topped analyst forecasts yet failed to provide enough upside to assuage concerns over the group’s valuation.Atlassian shares dropped as much as 11% to their lowest level since May. The stock was on track for its third straight decline, as was Veeva Systems Inc., off 5.4%, and ServiceNow Inc., down 3.8%, which reports its own results next week. Coupa Software Inc. sank 8.4% in its fourth straight drop, a period over which it has shed more than 20% of its valuation. Twilio Inc. was down 4.5%. Alteryx Inc. was down 7.2% and Crowdstrike Holdings Inc. dropped 7.3%, heading for the eighth decline in the past nine sessions.A basket of high-multiple software stocks tracked by Goldman Sachs fell 5.7% in its fifth straight decline, hitting its lowest since March, while the Russell Midcap Technology Growth Index was down 2.2%.“When investors have lost conviction, it usually means the best strategy is to stay conservative until the coast is at least somewhat clear,” wrote Richard Davis, an analyst at Canaccord Genuity. “We are in that time in the cycle.”Davis has a buy rating on Atlassian, writing that it “fits the description of a safe harbor company.” However, he said the stock has a “high-ish valuation” and suggested that multiples could be hard to justify. “In this macro environment,” he wrote, “if anyone expected an over-sized guide up, they haven’t been paying attention.”Recent weakness in the sector included both Workday Inc. and Zoom Video Communications Inc. tumbling in the wake of their respective investor events, which underlined growth concerns.Atlassian’s results included a raised full-year revenue forecast, and Cowen wrote that this could ease broader concerns over the sector.This “was one of the more anticipated prints in software as a result of emerging macro concerns in the space and it being one of the first to report,” analyst J. Derrick Wood wrote. The “solid numbers & outlook, along with constructive commentary on stable demand conditions, should give investors greater comfort in the potential for stability in software spending.”To contact the reporter on this story: Ryan Vlastelica in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Jim SilverFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
CrowdStrike co-founder and CEO George Kurtz weighs in on cybe threats pertaining to the 2020 presidential election.
CrowdStrike (CRWD) fell 9.5% today to close at $54.52. Analyst Walter Pritchard initiated coverage on CRWD with a “sell” rating and a target price of $43.
Banks and the bond market were closed for Columbus Day, although the stock market was open for business. That said, it was a quiet day on Wall Street as investors prepare for earnings. Let's look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Shopify (SHOP)Shopify (NASDAQ:SHOP) has pieced together a very impressive move over the past few weeks. After bottoming near $286 in late September, SHOP stock has quickly rallied almost $60 per share, now at $345.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis one remains pricey from a valuation perspective and "only" came down 30% from the highs. But that outperformed many of its high-growth peers. Unfortunately for many and fortunately for some, Shopify never worked its way down to the $265 area to test its 50% retracement and 200-day moving average.That's how you know it has been a strong candidate. * 10 Hot Stocks Staging Huge Reversals In any regard, it's back over the 20-day moving average and is just shy of its 50-day moving average and 78.6% retracement near $347. If traders caught this one before the move and don't plan to hold for the long term, they might consider reducing their stake into possible resistance.Over $347 and the $360 mark is on the table. If resistance holds, see if the 20-day moving average buoys SHOP on a pullback. Below that and $300 could be a possible retest. Top Stock Trades for Tomorrow No. 2: Uber (UBER)Unlike Shopify, Uber (NYSE:UBER) has never really had much mojo as a public company. On the plus side, though, shares are pushing through the $30.75 area, which had been resistance earlier this month.If shares can clear the 78.6% retracement and the declining 50-day moving average, a move up to the 61.8% retracement at $35.50 and $36 resistance could be in the cards. Short of a big-time breakout, though, I expect that level to hold as resistance when tested.On the downside, let's see if Uber can put in a higher low above $28.58, showing a possible turning point for the bulls. Top Stock Trades for Tomorrow No. 3: Crowdstrike (CRWD)Crowdstrike (NASDAQ:CRWD) is getting killed on Monday and there's no other way to put it, down more than 10%.Shares are flirting with a major breakdown now. In late September, the $52 area held as support, sending CRWD stock up to nearly $70. After pulling back again though, this support level may be called upon shortly.Below last month's low of $51.61, there's a lot of room before the stock's IPO price of $34 comes into play. On a rebound, see how CRWD handles the $70 level. Top Stock Trades for Tomorrow No. 4: Harley Davidson (HOG)Harley Davidson (NYSE:HOG) has been a frustrating play for investors lately. It has chopped around the $32.50 to $36.50 area over the last six weeks with little regard for its 50-day and 200-day moving averages.However, it has been forming a downward channel, marked by lower lows and lower highs. A move over $35.50 could break the channel, sending shares to range resistance near $36.50 and possibly the 50% retracement near $37.If channel resistance holds, look for a break below the two-day low and 20-day moving average near $34.50. That may send HOG to the 50-day moving average and possibly the bottom of its range.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Beverage Stocks to Buy Now * 10 Groundbreaking Technologies Created by Universities * 5 Semiconductor Stocks Worth Your Time The post 4 Top Stock Trades for Tuesday: SHOP, UBER, CRWD, HOG appeared first on InvestorPlace.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Synthesis Energy Systems (NASDAQ: SES ) shares ...
Crowdstrike stock was trading sharply lower after Citi analyst Walter Pritchard started coverage of the security company with a Sell rating. He also named two stocks to buy.
Citi initiates coverage of the stock with a sell rating despite noting the digital security company is one of the fastest growing security companies in history.
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was CrowdStrike Holdings, Inc. (NASDAQ:CRWD). CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has seen […]
CrowdStrike shares are trading sharply amid a broad market rally Friday, after Goldman Sachs analyst Heather Bellini cut her rating on the endpoint security software company to Sell from Neutral. Bellini also upped her rating on Workday to Buy from Neutral.
Shares of cybersecurity company CrowdStrike Holdings Inc. are off almost 4% in premarket trading Friday after Goldman Sachs analyst Heather Bellini downgraded the stock to sell from neutral, writing that while endpoint security solutions are still a top priority for chief information officers, CrowdStrike's ability to pick up market share is "well understood" at this point while expectations remain "elevated" for the company. "The stock has gained 85% since its June IPO vs. the S&P 500 at 1% over the same time period, and while we continue to see room for considerable revenue outperformance, we believe the shares are factoring in this outcome," she said. Bellini cut her target price on CrowdStrike's stock to $66 from $83, while she also turned positive on shares of Workday Inc. in her broader note on the software landscape. CrowdStrike's stock has fallen 13% over the past three months, while the S&P 500 has dropped about 2%.
Shares of hacker-prevention software provider CrowdStrike slip after Goldman Sachs analyst Heather Bellini cuts her recommendation to sell from neutral and lowers her 12-month price target.
Zoom Video is trading significantly higher than 2019's other IPO debutants. Zoom stock had an offer price of $36 and is trading at $73.52—104% higher.
KB Home, Whiting, SmileDirectClub, CrowdStrike and Chewy highlighted as Zacks Bull and Bear of the Day
By John Marchisi The modern special purpose acquisition company, or SPAC, encounters several challenges with regard to risk management and insurance which are uncovered and discussed in this paper. As the structural features and strategies of the vehicle have continued to evolve, so too has the threat landscape which SPAC operators must be prepared […]
Shares of CrowdStrike Holdings Inc. rose 1.4% in premarket trading Thursday, after SunTrust Robinson Humphrey upgraded the cybersecurity company, citing the "fastest growth rate at scale" of all the companies he covers. Analyst Joel Fishbein assumed coverage of CrowdStrike at buy, up from a previous rating of hold, and kept the price target at $80, which is 41% above Wednesday's closing price of $56.63. "CrowdStrike has delivered differentiated intelligent agent technology, Threat Graph database leveraging sophisticated [artificial intelligence] models and behavior analytics and an expansive set of cloud modules that address a wide variety of security use cases," Fishbein wrote in a note to clients. The stock has tumbled 15.8% over the past three months through Wednesday, while the S&P 500 has lost 3.6%.
SunTrust Robinson Humphrey upgrades the cybersecurity company to a buy, citing the 'fastest growth rate at scale' of all the companies it covers.