|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's Range||67.64 - 71.87|
|52 Week Range||56.00 - 101.88|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||92.00|
Crowdstrike providing weaker than expected guidance than the aggressive outlook it did after its first earnings report. Yahoo Finance's Akiko Fujita and Dan Howley discuss.
(Bloomberg) -- Cisco Systems Inc. approached software company Datadog Inc. in recent weeks with a takeover offer significantly higher than the $7 billion valuation it aimed for in its initial public offering, according to people familiar with the matter.Datadog rebuffed the advance to pursue a stock listing because it felt it could be worth more as a public company over time, according the people, who requested anonymity because the talks were private. Talks between Cisco and Datadog are no longer active and Datadog is committed to going public, they said.A representative for Cisco declined to comment. Datadog couldn’t immediately be reached for comment.Cisco rose less than 1% to $49.72 at 10:12 a.m. in New York trading, for a market value of about $211 billion. Several rivals to Datadog also gained, including New Relic Inc., up 5.8%, Splunk Inc., which rose 3.9% and Elastic NV, which rose 3.1%.Datadog raised $648 million in its U.S. IPO Wednesday, selling 24 million shares for $27 each after marketing them at $24 to $26. The listing values Datadog at $7.83 billion.Software companies that power business processes have delivered some of this year’s best IPO debuts thanks to high margins and solid revenue. Zoom Video Communications Inc. and Crowdstrike Holdings Inc. have doubled in value since they began trading and are among the ten best performing offerings this year, according to data compiled by Bloomberg.In 2017, Cisco succeeded in buying a company on the eve of its IPO. It acquired AppDynamics Inc. for $3.7 billion right before the data analytics company was set to price its listing.(Updates share prices in fourth paragraph, details about IPO in fifth.)\--With assistance from Crystal Tse.To contact the reporters on this story: Liana Baker in New York at firstname.lastname@example.org;Gillian Tan in New York at email@example.com;Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Alan Goldstein at email@example.com, Liana Baker, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
WeWork parent The We Company has delayed the office-sharing startup's initial public offering until the end of the year. It now either won't come to the public market at all, or come at such a low valuation its venture backers will take a loss. This isn't terribly unusual for 2019.Source: Mitch Hutchinson / Shutterstock.com So far in 2019 there have been 94 IPOs, and 38 of them have shown negative returns.The big winners, like CrowdStrike Holdings (NASDAQ:CRWD), Beyond Meat (NASDAQ:BYND) and Zoom Video Telecommunications (NASDAQ:ZM), have generally come to the market prepared to make a profit. There have also been big medical winners with market caps near $1 billion, like ShockWave Medical (NASDAQ:SWAV) and Turning Point Therapeutics (NASDAQ:TPTX). Most IPOs are still hits -- but the batting average is declining like an aging slugger's.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWeWork is distinguished by the same flaws as Uber (NYSE:UBER) stock and Lyft (NASDAQ:LYFT) stock. It's not making money, even at scale, and current investors are looking at you for a bailout. The WeWork ProblemWeWork's model is to buy lots of office space, fix it up, then sell it at retail in the form of "memberships." As I wrote in August, it's more like LA Fitness than Cloudflare (NYSE:NET), which went public Sept. 13 and is already showing a 25% return. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Worse, WeWork's business model is not unique. IWG (OTCMKTS:IWGFF), founded in Belgium back in 1989, has been operating in low-cost suburban office parks for years. It came public at the end of 2016 and only proved itself this year. IWGFF stock is up 92% year-to-date.The difference is that IWG has a market cap of $4.8 billion. WeWork was initially seeking a market cap of $47 billion. Worse, WeWork needs the $3 billion it was trying to raise in order to secure the $6 billion line of credit in order to keep operating.The business model is based on a myth of young workers with startups signing up for prestige "co-working spaces" dressed up with amenities they like. In fact, WeWork has mainly signed up established tech companies seeking contingency space like Salesforce (NYSE:CRM), Cisco (NASDAQ:CSCO) and Facebook (NASDAQ:FB). It's expansion insurance. CEO Adam NeumannMeanwhile t-shirted CEO Adam Neumann has come off as something of a fraud. He isn't a dweeby kid. He's a 40-year old Israeli military veteran who spent big money before earning a dime for shareholders. He tried to score $5.9 million from his own company for trademarking the word "We." This is also a mom-and-pop operation; co-founder Miguel McKelvey gets only six mentions in the U.S. Securities and Exchange Commission Form S-1, against 20 mentions for Neumann's wife Rebekah.While portraying a handsome young family man on TV, Neumann also created a fraternity culture that drew a sexual harassment suit last year.Worse, it's clear the business model is not yet working. WeWork lost $1.9 billion in 2018, then another $904 million for the first six months of 2019, on revenue of $1.5 billion. The Bottom Line on the WeWork IPOThe real loser is SoftBank (OTCMKTS:SFTBF) and its Vision Fund. It brought $100 billion to the party in order control the technology of the future -- and it's trying to raise another $100 billion. SoftBank founder Masayoshi Son runs the fund, but the money is mostly from sovereign wealth funds in Saudi Arabia and the United Arab Emirates.Son's losers, in addition to WeWork, include Uber, Sprint (NYSE:S) and Slack (NYSE:WORK), which is down more than 30% after coming public in June. Son has called his Vision Fund the ultimate disruptor, but it may be Son who turns out to be the greater fool.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars * 5 Stocks to Buy With Great Charts * 5 Goldman Sachs Stocks to Buy with Over 20% Upside Potential The post Is Failure in Store for the WeWork IPO? appeared first on InvestorPlace.
Shares of San Jose-based Zscaler Inc. rose about 6 percent Tuesday after it said that its cloud-security platform will use endpoint protection technology from Sunnyvale-based Crowdstrike Holdings Inc., whose stock rose more 4 percent.
Zscaler Inc. shares rally Tuesday following a blitz of announcements that includes a partnership with cybersecurity company Crowdstrike Holdings Inc.
Cloud-based cybersecurity companies ZScaler and CrowdStrike both jump after they announce a partnership that will provide businesses with real-time security protection across their computer networks.
Cloudflare Inc. shares burst out of the gate for their first day of trading Friday as the latest cybersecurity company to go public in a space that’s seeing rapid consolidation.
When Wall Street gets in a mood, it's time to watch out. It's also true the market can forgive and forget just as quickly. As much, when it comes to deeply oversold and out-of-favor growth stocks Pinterest (NYSE:PINS), Zscaler (NASDAQ:ZS) and CrowdStrike (NASDAQ:CRWD), it's time to put these names on your radar as stocks to buy today.While the averages have clawed their way back and into favor with index-focused investors, many risk assets have been left behind. Large-cap tech giants Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN) are two prolific performers and household names that have largely failed to participate in the market's current rally.Sure, there's company-specific or macro reasons for the treason-like price behavior. There always is. More important, most often those concerns quietly and sometimes quickly disappear -- and are then replaced by as easily defendable supports for making yesterday's whipping boy today's hottest new toy on Wall Street. So, NFLX and AMZN are stocks to buy?InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Discount Retail Stocks to Buy for a Recession Personally, I'm not here to defend NFLX or AMZN shares and their varied levels of investor loathing. I'd rather focus on smaller, up-and-coming companies with big-time growth prospects and oversold price charts. These are stocks to buy if you can get past today's bearish narratives. Growth Stocks to Buy: Pinterest (PINS)Pinterest stock is the first of our growth stocks to buy. The wildly popular, web-based visual discovery platform rocketed higher by nearly 19% in early August after smoking earnings forecasts. The bullish price action set the stage for a market-leading, cup-with-handle breakout to fresh all-time-highs. But the classically strong-looking situation wasn't meant to be.With nary a price driver to account for the complete unwinding of shares, Wall Street and its often fickle -- and sometimes perverse -- behavior took the technically-constructive pattern and sent shares into a well-oversold situation that's tested trend-line support this week.I recommend that Pinterest is a stock to buy today. Investors should size the position for a 10% stop-loss to minimize exposure and exit if nearby support fails. Zscaler (ZS)ZS stock is the second of our growth stocks to buy. The cybersecurity upstart dropped the ball with reduced guidance for its fiscal year amid worries that Palo Alto Networks (NYSE:PANW) is encroaching on its growth. Oh, the worries.I'd be quick to point out it's far from unusual for one quarter's jeers to be replaced by investor cheer the very next reporting period. And ZS stock is no stranger to this phenomenon, either. Chalk up the reversal in price action to sandbagging, better-than-feared results or any number of reasons -- Wall Street has lots of reasons to forgive and forget.One early sign that investors will eventually reconnect with ZS stock is the price chart. Shares of Zscaler are oversold while filling a bullish earnings gap from two quarters ago. ZS stock is testing its lifetime cycle 62% Fibonacci support level. * 10 Battered Tech Stocks to Buy Now My recommendation for this stock to buy is to purchase shares if a confirmed weekly chart bottoming candlestick pattern emerges in the next several sessions while continuing to hold ZS stock's fallout low of $46.04. CrowdStrike (CRWD)CRWD stock is the last of our growth stocks to buy. CrowdStrike is another cybersecurity play and another casualty of earnings. Unlike ZS stock, CRWD appears to have suffered the curse of overly high expectations and valuation concerns as this growth stock topped estimates and boosted both its earnings and sales guidance. Talk of competition from VMware (NYSE:VMW) also helped shares spiral lower.Of the three, CRWD stock is the one I'd be most wary of buying. Shares ripped straight through a prior bullish earnings gap and 62% retracement level. CrowdStrike is now testing the 76% level for support. But if this week's low fails, shares are likely to challenge the June opening low of $56.My recommendation for this stock to buy is to purchase shares above $72, as long as CRWD can hold $65. Both the entry and exit blend the chart with pragmatism in keeping risk contained to roughly 10% -- and keeping investors safely on the sidelines for a more valuable stock to buy if a challenge of the prior low and double bottom pattern are to become a future reality.Investment accounts under Christopher Tyler's management currently own positions in Pinterest (PINS) and its derivatives, but no other securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post 3 Oversold Growth Stocks to Buy Today appeared first on InvestorPlace.
Anaplan, Inc., CrowdStrike Holdings, Inc., Okta, Inc. - some of the most resilient technology stocks have recently slipped to a key level and are poised for a possible bounce. That's according to All Star Charts, which pointed out software is approaching oversold territory. "Most Technology subsectors like Cloud Computing, Cybersecurity, and Internet, have been […]
Ah, the startup mania. This market cycle has seen a flood of "unicorns" and other venture-backed companies capture investor attention like Pets.com and other startups did in prior bubble periods. The current drama surrounding WeWork's efforts to go public is a perfect example of a company that at the core is a boring sub-leasing provider but has dressed itself up.Give me a break.These companies are largely not profitable, are burning cash badly and have been focused on razzle-dazzle more than anything. Now, these recent IPO stocks are filtering under the intense scrutiny that the public markets bring. Here are seven that are suffering.InvestorPlace - Stock Market News, Stock Advice & Trading Tips IPO Stocks: Uber (UBER)The biggest of the venture-backed companies to go public this cycle, Uber (NYSE:UBER) shares are languishing beneath their IPO price and look headed for further losses as California passes legislation, headed to the governor's desk, that would force the company to classify its drivers as employees rather than independent contractors. The company will next report results on Nov. 7 after the close. Analysts are looking for a loss of 82 cents per share on revenues of $3.7 billion. Lyft (LYFT)Lyft (NASDAQ:LYFT) shares are also suffering, down by roughly 50% from the company's post-IPO high and crushing through its prior lows set in May. While the company beat arch rival Uber to IPO, both are locked in a seemingly endless cash burn cycle. The company will next report results on Nov. 7 after the close. Analysts are looking for a loss of $1.67 per share on revenues of $912 million. Slack (WORK)Shares of Slack (NYSE:WORK), the provider of an instant messaging system for corporate settings (which is basically a huge time waster) are in a post-IPO free fall, down nearly 40% from the post-IPO high. Worries are surrounding the company, likely due to competitive pressure from Microsoft (NASDAQ:MSFT). The company will next report results Dec. 3 after the close. Analysts are looking for a loss of 8 cents per share on revenues of $155.7 million. Spotify (SPOT)Shares of Spotify (NYSE:SPOT), the music service that had a unique direct listing IPO with lots of hype, is once again trading below its 200-day moving average and is down more than 30% from its all-time high as investors continue to worry about competitive pressures from the likes of Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL). The company will next report results on Oct. 31 before the bell. Analysts are looking for a loss of 32 cents per share on revenues of $1.9 billion. Fiverr (FVRR)Fiverr (NYSE:FVRR), another gig-economy icon, is watching in horror as its share price continues to drop after reaching a post-IPO high of more than $44. As the job market tightens and the freelance economy loses its luster, FVRR stock has fallen by more than 50%. The company will next report results on Nov. 11. Analysts are looking for a loss of 19 cents per share on revenues of $26.1 million. CrowdStrike (CRWD)CrowdStrike (NASDAQ:CRWD), a developer of cloud-based security systems that protects corporations and was founded by former McAfee employees, is seeing its share price drift down to its post-IPO lows. The company will next report results on Dec. 5 after the close. Analysts are looking for a loss of 12 cents per share on revenues of $118.9 million. Concerns center on the company's lack of profitability and trying valuations. Stitch Fix (SFIX)The clothes-in-a-box purveyor Stitch Fix (NASDAQ:SFIX), which went public back in 2017, continues to languish badly as investors realize the company lacks pricing power and is under constant threat of attack from Amazon's efforts in the fashion space. The company will next report results on Oct. 1 after the close. Analysts are looking for earnings of 4 cents per share on revenues of $432.4 million. Keep an eye on active client growth, which turned lower.As of this writing, William Roth did not hold any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post 7 Recent IPO Stocks That Are Melting Down appeared first on InvestorPlace.
Every investor in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) should be aware of the most powerful shareholder groups...
Despite beating analyst expectations with the fiscal fourth quarter results it posted on Tuesday, Zscaler's outlook for the current quarter and rest of its new fiscal year appeared to reinforce concerns that it might be less successful in the future.
CrowdStrike® Inc. (CRWD), a leader in cloud-delivered endpoint protection, today announced that CrowdStrike Falcon® was named winner of the Best New Endpoint category in SE Labs' 2019 Annual Report.
The Technology Select Sector ETF (XLK) has fallen 0.8% on the day. Several tech stocks are trading in the red, particularly the overvalues stocks.
CrowdStrike recently delivered strong results and raised its guidance, but its shares ultimately sold off on the back of its Q2 2020 results. Are investors starting to finally discern which stocks might be overvalued? It's too soon to say, but one thing we can be sure of is that despite a compelling narrative, CrowdStrike is vastly overvalued and investors should avoid it for now.
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included what may be a couple of surprises this past week. Bearish calls included a few recent IPOs ...
If you own highflying software stocks, watch today's investor reaction to earnings reports from CrowdStrike and Zoom Video. The bar may be rising for stocks trading at high multiples.
The stock market jumped past resistance this week on new China trade talks, signaling a new bullish direction. Lululemon, Coupa Software and Copart broke out on earnings.