|Bid||70.88 x 800|
|Ask||71.10 x 900|
|Day's Range||69.60 - 71.56|
|52 Week Range||56.00 - 79.79|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||77.56|
It has been an explosive year for the initial public offering (IPO) market. A wave of companies came to the public market, with many surpassing original expectations. Based on a list created by the Bernstein Research firm, the average return of these IPOs has been 26% since day one on the market. Among the group, Beyond Meat, Inc. (BYND) saw a 163% gain on its first day while Zoom Video Communications, Inc. (ZM) was up 72%. CrowdStrike Holdings, Inc. (CRWD) stands out as one of the recent IPOs that is set to outperform. On its first day of trading, the stock surged by as much as 97%. With many analysts saying the company’s growth is only going to continue, we wanted to take a closer look to see if CrowdStrike really can make waves. Strong IPOCrowdStrike rose to fame after it uncovered the alleged hacking of the Democratic National Committee’s servers during the U.S. presidential campaign in 2016. When the company went public on June 12, its original $34 share price offering surged to $63.50. This is up from the expected range of $28 to $30 a share. In total, the IPO raised $612 million and gave CRWD an almost $6.6 billion market valuation. Since then, the stock has settled at 71% causing its market cap to reach over $11 billion. One of a Kind Cybersecurity Technology CrowdStrike has been able to soar past its competitors because of its unique approach to online threat detection. The technology uses artificial intelligence (AI) tools such as pattern matching against a larger data set to discover threats in real time. Identified threats are then stored in a central database which is used to build a catalog of all known threats. The company’s cloud-based platform makes it easy to implement across multiple device types so organizations can eliminate security gaps between on and off-premises devices. Its effective software solution has allowed the company to cement its place as a leader in the endpoint security space. Impressive GrowthManagement attributes their innovative product to the strong growth they’ve witnessed over the last year.The company sells the platform as a software-as-a-subscription to enterprises of all shapes and sizes. So far, the company’s strategy has been to replace a single aspect of the business’s cybersecurity software and then upsell on other CrowdStrike software.This strategy is clearly working with pre-existing customer spending up an average of 47% over the last year. Total revenue for the year ending January 31 grew 110% to $250 million, up from $119 million the year before. Over the same time period, gross profit margin increased from 54% to 65%.It is important to note that CrowdStrike is still not profitable and reported losses of $140 million for the year ending January 31. Despite this loss, investor sentiment surrounding the company remains positive. View Individual Investor Sentiment Analysts See Growth Opportunities On July 8, at least eleven analysts initiated coverage on CRWD all with a Buy rating. Five-star analyst, Gregg Moskowitz, sees big growth potential for the cybersecurity company. “In our view, CrowdStrike's highly differentiated cloud platform has been critical in helping the company to rise above a tough competitive field, as evidenced by [annual recurring revenue] growth well in excess of 100% from FY17-19,” he said. Along with his Buy rating, he set a price target of $80. Moskowitz has a 73% success rate as well as a 22% average return per rating. Another top analyst, Shaul Eyal, set a $90 price target with his coverage initiation. He believes the company's “innovative technology, its continued ability to disrupt and gain market share from legacy and next generation antivirus vendors, the industry's shift to consolidate point product solutions and a shortage of cyber-skilled talents should drive customers to seek a holistic solution like CrowdStrike's.” He said, “We estimate its large and expanding TAM to exceed $30B by 2022, and a hypergrowth rate over 30% over the next several years.” The Bottom Line The Street is optimistic, with the analyst consensus being that the stock is a ‘Moderate Buy’. CRWD has an average price target of $78, suggesting 12% upside potential. Click Here to see the full list of CRWD Analyst Ratings
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Dmitri Alperovitch, co-founder of CrowdStrike Inc., has joined the board of fast-growing Hanover cybersecurity firm Dragos Inc. Crowdstrike recently launched one the cyber industry's most successful initial public offerings. The firm's June IPO raised $612 million after shares opened at $34 and soared as high as $67 on CrowdStrike Holdings' (NASDAQ: CRWD) first day of trading. Alperovitch co-founded the Silicon Valley company in 2011 and is also chief technology officer.
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CrowdStrike Holdings Inc. (CRWD), a star of the 2019 tech IPO wave and one of the largest “pure play” cybersecurity public offerings by market capitalization on record, just got a vote of confidence from a prominent analyst. In a recent note, Liani initiated coverage on shares of the enterprise software company at a buy rating. CrowdStrike is led by co-founder and CEO George Kurtz, who compares the firm to other companies in different software sectors like Salesforce.com Inc. (CRM) and Workday Inc. (WDAY).
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CrowdStrike went public in mid-June at $34 per share and popped 70 percent in its market debut. Wall Street currently values the company at $13.3 billion — within striking distance of its older, larger and more profitable cybersecurity rival Symantec.
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Investing.com - CrowdStrike soared on Monday after several analysts on Wall Street issued positive ratings on the stock and talked up the prospects of the company’s cloud security platform.
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The quite period for Crowdstrike Holdings Inc (NASDAQ: CRWD ) has come to an end after its initial public offering on June 12. Multiple analysts are now able to publicly discuss their thoughts on the cloud-delivered ...
A wave of Wall Street analysts picked up coverage of the newly public cloud-based security software company on Monday.
CrowdStrike Holdings Inc. shares are up 2.9% in premarket trading Monday after at least nine analysts initiated coverage of the cybersecurity stock with bullish ratings, according to FactSet. "In our view, CrowdStrike's highly differentiated cloud platform has been critical in helping the company to rise above a tough competitive field, as evidenced by [annual recurring revenue] growth well in excess of 100% from FY17-19," wrote Mizuho's Gregg Moskowitz, who began coverage with a buy rating and $80 price target. Macquarie's Sarah Hildlian sees the company continuing to disrupt big security companies including Symantec Corp. and McAfee. "The company is supported by growth drivers including the proliferation of connected devices, many of which are increasingly low in compute power (e.g. IoT) and require lightweight agents for security and performance, consistent malicious attacks, security professional shortages, and more," she wrote, while setting an outperform rating and $75 target on the shares. CrowdStrike went public in mid-June at a price of $34 a share, and the stock is up nearly 100% from there. The company came public during a hot period for initial public offerings; the Renaissance IPO ETF has risen 38% so far this year, while the S&P 500 has climbed 19%.
Stock futures: The stock market is at highs, with top cybersecurity stocks Zscaler, CyberArk, Proofpoint, Crowdstrike and Rapid7 near buy points. The Boeing 737 Max lost a customer.