|Bid||66.90 x 1100|
|Ask||66.93 x 3000|
|Day's Range||66.42 - 67.56|
|52 Week Range||44.58 - 101.88|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 18, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||79.19|
The Mountain View unicorn says its business has doubled, it expects to grow its work force to 700 by year's end and it is moving to a new headquarters in downtown Mountain View this summer.
SUNNYVALE, Calif., Feb. 18, 2020 -- CrowdStrike Holdings, Inc. (Nasdaq: CRWD), today announced that it will host a product briefing for investors during the RSA Conference.
Shares of CrowdStrike Holdings Inc. are up nearly 4% in premarket trading Tuesday after D.A. Davidson analyst Andrew Nowinski upgraded the stock to buy from neutral and raised his price target to $75 from $58. "First, we believe CrowdStrike is significantly benefiting from Broadcom's acquisition of Symantec, as many resellers have noted an improvement in growth rates," Nowinski wrote. "Second, we are seeing little to no impact from VMware's acquisition of Carbon Black. Third, we are seeing increasing traction with CrowdStrike's other products, including their vulnerability management module." He expects that the company will be able to deliver better-than-expected annual recurring revenue over the next year on the back of these trends. He said that the potential for more market share gains coming from Symantec "is the single largest revenue growth driver for CrowdStrike in 2020." CrowdStrike shares have added 37% over the past three months, as the S&P 500 has increased 8.6%.
SUNNYVALE, Calif., Feb. 06, 2020 -- CrowdStrike Holdings, Inc. (Nasdaq: CRWD), today announced that it will release financial results for its fourth quarter and fiscal year.
Proofpoint's (PFPT) fourth-quarter 2019 results reflect strong demand for its emerging products and expansion of its international business.
Lyft (NASDAQ:LYFT) stock remains one of the market's more divisive stocks. Bears see a ride-sharing model with no guarantee of profitability and increasing regulatory risk. Bulls point to impressive growth and a reasonable, if not cheap, price-to-sales multiple.Source: Allmy / Shutterstock.com Indeed, even analysts are notably split. According to data from Yahoo! Finance, the lowest of 35 price targets on LYFT stock sits at $35. The most bullish, at $96.50, is almost three times as high -- and implies 100%-plus upside from current levels.From a long-term standpoint, I tend to lean toward the bearish side. California's AB5, passed in September, and threatens both Lyft and rival Uber (NYSE:UBER) in that key state. Lyft's Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) loss has been over 20% of revenue so far in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAdmittedly, on the company's third quarter conference call, Lyft management projected EBITDA profitability by the fourth quarter of 2021. But that figure excludes still-hefty share-based compensation, and Lyft has a long way to go to support the current $14 billion market capitalization. Neither it nor Uber has proven it can drive consistent, real profitability and cash flow without significant raises in rates and/or driver pay. * 7 Stocks to Buy for February Contrarians That said, as I detailed last month, Lyft has posted strong performance in the last three quarters, at least relative to expectations. LYFT stock has underperformed that of Uber and other 2019 initial public offerings that struggled out of the gate. And so there are reasons to see LYFT as an intriguing bullish trade ahead of fourth-quarter earnings on Feb. 11, even for investors still somewhat skeptical about the long-term outlook. The Case for LYFT Stock Ahead of EarningsAgain, the long-term fate of Lyft, and the ride-sharing model more generally, is up for debate. It's possible that ride-sharing becomes an integral part of the U.S. transportation system -- and that Lyft keeps taking market share from Uber. In that bullish scenario, LYFT stock easily could become a multi-bagger: a valuation of $50 or $100 billion in a "blue sky" scenario is not impossible.Meanwhile, from a near-term perspective, LYFT has an interesting setup. The company has crushed estimates in each of the three quarters it has reported as a public company. Third-quarter results on Oct. 30 were particularly impressive. Last week, Cascend Securities noted that the downloads of the Lyft app were strong in November and December. That's an especially bullish sign given how important usage is to the long-term case for the stock.And at the moment, the earnings beat doesn't look quite priced in to LYFT stock. Shares have rallied 29% since bottoming in October. In contrast, Uber has gained 46% since early November. And other 2019 IPOs that declined in early trading similarly have outperformed. Chewy (NYSE:CHWY) has rallied 34%, and CrowdStrike Holdings (NASDAQ:CRWD) 37%. Pinterest (NYSE:PINS) has gained 31% in a matter of weeks despite a disappointing third-quarter report on Nov. 1.In other words, investors seem more willing to own high-growth yet still-unprofitable companies. On a relative basis, however, LYFT hasn't had the same bounce. In fact, resistance has held right around current levels since late November, which means a post-earnings gain could set up a technical breakout as well. The Risks to the TradeTo be sure, owning LYFT into earnings is an aggressive trade for several reasons. For one, earnings beats haven't translated into even short-term gains for the stock. Shares fell 11% after the Q1 report in early May. They gained 3% after the second-quarter release in August, but the rally ended the next day, in part because Uber earnings disappointed.Investors sold the news again after Q3.Of course, LYFT stock was much more expensive ahead of its first two releases. There's likely more slack in the current valuation for a miss. And, in this case, its 2020 guidance as much as Q4 2019 results that will matter. With Wall Street looking for only 28% revenue growth in 2020, after a 60%-plus increase in 2019, there's room for Lyft's expectations to exceed those of the market. Whether or not upside guidance this time drives upside in LYFT stock remains to be seen.There's also the market risk heading into the report. U.S. stocks have shown increased volatility in recent sessions, and a pair of big sell-offs driven (presumably) by coronavirus fears suggests a "risk-off" mentality still could return at any time. LYFT stock has struggled even in the bullish broad market that has held since its IPO. It's highly unlikely to rally in a more cautious environment. Can Lyft Change Minds?Finally, there's the risk that, for many investors, long-term sentiment just isn't going to change. An incremental $50 million in fourth-quarter revenue, or 2020 guidance that's a few percentage points higher than expected, isn't going to convert skeptics who believe that Lyft simply can't or won't ever make a real profit. The response to Lyft's previous earnings releases suggest that's a real problem: even seemingly blowout reports haven't moved the stock higher.To be honest, I'm still one of those investors, though as I wrote in December I'm more open to the bull case here. To take on the ride-sharing risk, I'd rather have Uber's exposure to international markets and delivery services. But Lyft's revenue growth, at least, has been impressive, and I'd expect it will be again in Q4. This time, that might be enough to change more minds -- and lead LYFT to break out.As of this writing, Vince Martin is long shares of Chewy. He has no positions in any other securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Under-the-Radar European Stocks to Buy for 2020 * 7 Industries Using AI to Benefit Shareholders Around the World * 5 Chinese Stocks to Buy When Coronavirus Fears Fade The post Lyft Stock Is An Intriguing Trade for Market Bulls Ahead of Earnings appeared first on InvestorPlace.
Does the January share price for CrowdStrike Holdings, Inc. (NASDAQ:CRWD) reflect what it's really worth? Today, we...
2019 was an explosive year for new stocks ... for better, and for worse.The year greeted a plentiful number of initial public offerings (IPOs) - 160, to be exact, that collectively raised more than $46 billion. That figure included numerous notable names, including Slack Technologies (WORK) and Pinterest (PINS). Saudi Arabia even got in on the action, listing the world's largest IPO as oil giant Saudi Aramco went public at a valuation of $1.7 trillion. For context, Apple (AAPL) - heretofore Earth's largest company - currently is worth $1.4 trillion by market value.Should you buy new stocks? Well, for one, you might already own them, in one way or another. Pensions, mutual funds, even insurers invest in IPOs. But it's one thing to own a tiny percentage along with a giant basket of other stocks - it's another to buy a single IPO that could end up representing a few percent of your overall portfolio.Still, these newly public stocks are often in their early growth stages, making them fraught with risk but also full of upside potential. It's often best to wait a few months after an offering to allow the initial hype to fade and allow Wall Street to focus more on the fundamentals, making now the best time to really start examining 2019's IPOs as prospective holdings.Read on as we examine six new stocks: four that look like buys, and two that could have a bumpier road ahead. SEE ALSO: 13 Super Small-Cap Stocks to Buy for 2020 and Beyond
Tech has clearly been the home of growth stocks for years. So let's take a look at three growth-focused tech stocks that we found with our Zacks Stock Screener that investors might want to buy right now...
Proofpoint's (PFPT) fourth-quarter 2019 results are likely to reflect strong demand for its products. However, higher capital expenditure and depreciation might have dented the margins.
Cloudflare CEO Matthew Prince joins Yahoo Finance live from the 2020 World Economic Forum in Davos.
CrowdStrike Holdings Inc. is a pioneer of cloud-delivered endpoint protection. In the daily bar chart of CRWD, below, we can see that prices have come out on the upside of a small base pattern. Trading volume has been very heavy since early December and the On-Balance-Volume (OBV) line has soared sharply.
The tech sector is a powerful engine in today’s economy, driving jobs and innovation, profits and returns. And it’s no wonder why – tech is the key to the modern world, changing our lives and informing all that we do. Yes, the economy still runs on oil and coal, but digital technology has impacted all of us, whether we work in factories or offices or watch the kids at home.All of these factors make software companies a natural place for investors to look when they seek stocks with high return potential. If high tech is the key to modern life, then software is the key to high tech. Software companies create the code and programs that let us maneuver in the digital world, from messenger apps to word processing and facial recognition.Investment banking firm Needham recently released a report, outlining its software picks from the firm’s analysts. Collectively, Needham’s analysts have a 61% success rate on their stock recommendations according to TipRanks – so we’ve looked into their report to find three stocks that appear particularly compelling.Our first step was to run those tickers through TipRanks’ Stock Comparison tool, a powerful set of filters that allow prospective investors to locate stocks and view their vital stats side by side. Here are the results: We can see that each pick shows a variety of strengths and weaknesses. Let’s take a closer look and find out what Needham’s analysts have to say.Crowdstrike Holdings, Inc. (CRWD)Cybersecurity has emerged as a growing niche in the digital economy. From online banking to personal emails, we all have a clear interest in keeping our online activities safe – and private. Crowdstrike works in this niche. The Silicon Valley company provides threat intelligence, endpoint security, and cyberattack response services for online clients.In its most recent earnings release, for fiscal Q3 2020, reported last month, the company posted better than expected results. Like many new tech companies, Crowdstrike is operating at a net loss – but that net loss was only 7 cents per share rather than the forecasted 11 cents. Quarterly revenue came in at $125.1 million, 5.3% better than expected.Investor sentiment on this stock has been resoundingly positive. Based on a sample of over 45,000 portfolios, individual investors have been adding CRWD shares in both the last 7 and the last 30 days. Additionally, financial bloggers are bullish, with CRWD receiving favorable coverage 76% of the time, compared to 61% on average in the tech sector.Needham’s Alex Henderson makes Crowdstrike his ‘Single Best Idea’ in cybersecurity for the coming year, and adds it to his firm’s Conviction List. He writes, “Crowd has the right technology to improve security for either legacy perimeter defense-built security postures or for emerging, superior, zero-trust, cloud-direct security. From an externality perspective we see a surprisingly low risk environment for CrowdStrike. While legacy players are falling away, opening major share opportunities for Crowd, we focus more on Crowd's ability to execute.”Henderson gives the stock a $92 price target, suggesting a 45% upside growth potential, and a Buy rating. (To watch Henderson’s track record, click here)Overall, CRWD shares get a Moderate Buy from the analyst consensus, based on 7 Buy ratings and 6 Holds. The stock sells for $63.45, and the average price target of $72.58 implies upside potential of 14%. (See Crowdstrike price targets and analyst ratings on TipRanks) Medallia, Inc. (MDLA)Number two on our list today is Medallia, a cloud-based SaaS customer experience management company from San Francisco. Medallia has a global reach, with offices in New York, Washington DC, London, Paris, Buenos Aires, Tel Aviv, and Sydney. The company’s products meet B2B needs in the high-tech, hospitality, financial services, and retail sectors.Like Crowdstrike, Medallia inhabits a profitable niche. The company’s quarterly revenues and earnings, reported in December, were ahead of the estimates. Revenues beat by 7% and came in at $103.1 million; EPS was a net loss, but only 1 cent per share against the 3 cents prediction.Scott Berg, 5-star analyst, added MDLA to Needham’s Conviction List, and calls the stock his top pick for 2020. He says in his comments, “A fast-growing end market, ramping sales investments, and an expanded GTM strategy taking hold are the key factors behind our thesis. With proper execution from a still-new management team, we believe MDLA will exit CY20 with accelerating revenue growth and cross the profitability chasm; these tend to be characteristics of stocks that outperform in our universe.”Berg put a Buy rating on the stock and gave it a $45 price target, implying 42% upside potential from current trading levels. (To watch Berg’s track record, click here)Medallia has 4 recent reviews, 3 Buys and 1 Hold, giving the stock an analyst consensus view of Strong Buy. The $44.25 average price target suggests an upside potential of 39% from the current share price of $31.77. (See Medallia stock analysis on TipRanks) Talend SA (TLND)The cloud and software-as-a-service subscription products have made waves in the software tech industry, but proprietary systems are only one path to profit. Open source software and integration systems are related niches ripe for exploitation. Talend SA develops data integration software to ease the process of owning open source platforms. The company’s customers use the products to simplify development, learning, and cost of ownership involved in using open platforms.Like the stocks above, Talend has been delivering rising quarterly results. While running at a net loss, it is trimming that loss – in Q3 2019, the company beat the EPS expectation by 15 cents – reporting a loss of 8 cents against the consensus estimate of 23 cents. Revenues showed a modest beat, landing at $62.6 million – but that number was an impressive 20% gain year-over-year.This stock was reviewed for Needham by Jack Andrews, a 5-star analyst ranked in the top 3% of the TipRanks database. Andrews was impressed with the company’s “strong secular tailwinds,” and made it his Top Pick for the coming year. He wrote, “There are 5 reasons why we are positive: 1) Pending disclosures on the cloud business should provide visibility and improve sentiment; 2) Migrations from on-premise to the cloud should result in upsell opportunities; 3) Leverage to rapid growth of cloud data warehouses; 4) FX headwinds should abate; and 5) Discounted valuation creates a favorable risk/reward setup.”Andrews backs his Buy rating with a $65 price target, indicating his confidence in an eye-opening 63% upside potential. (To watch Andrews’ track record, click here)Talend’s two most recent reviews are Buys, giving the stock a Moderate Buy consensus rating. Shares show a very high upside potential – the current price is $39.80, while the average price target of $60.50 suggests that there’s room for 52% growth in the next 12 months. (See Talend stock analysis on TipRanks)
We found three cloud computing stocks with the help of our Zacks Stock Screener that investors might want to consider buying for 2020...
Yahoo Finance speaks at length about the future of retail and the cloud business in an exclusive interview with Microsoft CEO Satya Nadella.
The 2019 IPO market churned out a number of unforgettable disappoints, such as Uber, Lyft, and ill-fated office-sharing titan, WeWork. Will investors remain cautious of the IPO market in 2020? Scenic Advisement Founder and CEO Barrett Cohn joins The Final Round to discuss.
Microsoft has released a fix to a software vulnerability that could have allowed hackers access to computer networks. Yahoo Finance’s On The Move panel discusses the impact this could have on Microsoft.