115.72 +0.24 (0.21%)
After hours: 5:45PM EDT
|Bid||115.47 x 800|
|Ask||116.00 x 1400|
|Day's Range||112.25 - 116.17|
|52 Week Range||31.95 - 118.58|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 03, 2020 - Sep 08, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||111.05|
Passive investing in index funds can generate returns that roughly match the overall market. But one can do better...
NEW YORK, July 30, 2020 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at ServiceNow (NYSE:NOW), Box (NYSE:BOX), NexTech AR (OTC: NEXCF) (CSE: NTAR) and CrowdStrike Holdings (NASDAQ: CRWD). Cloud-based collaboration and video connectivity are rapidly transforming large and small enterprises, education, healthcare, and government agencies. Wall Street Reporter highlights tech leaders comments and insights from recent earnings and analyst calls.ServiceNow, Inc. (NYSE:NOW), CEO Bill McDermott: “On Journey to $10 Billion in Cloud Revenue \- Destiny to Become Defining Enterprise Software Company of 21st century”“The world is experiencing a seismic shift from the obsolete business process evolution to the new workflow revolution. CXOs are using the Now Platform to create new workflows or new value chains, transforming experiences across siloed systems and functions across the entire enterprise. ServiceNow is the strategic authority for workflow. We are trusted sea suite innovator. We multiply the value of existing technology investments. We deliver exceptional time to value, and our customers understand the business continuity and resilience that the Now Platform enables. Driven by these factors and many others, we couldn't be prouder of our very strong Q2 performance. We beat expectations, beating consensus and guidance and became a $4 billion run rate cloud company. We're raising our topline and operating -- and free cash margin guidance for the full year for 2020. We are delivering safe workplace product innovation in two-week cycles, helping our customers succeed and keeping their employees healthy and safe in these unprecedented times.”“ServiceNow is a growth company. We are becoming even stronger on our journey to $10 billion in revenue and beyond. We remain totally focused on our ambition to be the defining enterprise software company of the 21st century. We're helping our customers solve for once in-a-generation challenges, even as they capitalize on the opportunities of digital transformation because we offer one platform, one data model and one architecture. Customers see the Now Platform as a smarter way to workflow…Our overarching focus is clear: innovating for customers as we scale ServiceNow to $10 billion and beyond. Our strong management team and our 12,000 employees will enable us to achieve our bold ambitions.”“We're leading the workflow revolution, which leads the future of our business. Now workflows on the Now Platform. The opportunity has never been greater. We will fulfill our purpose to make the world of work, work better for people. We’re hungry, we're humble and we're taking nothing for granted. We’re on the move to our destiny to become the defining enterprise software company of the 21st century." ServiceNow, Inc. (NYSE:NOW) Earnings Call Highlights Available at: https://www.wallstreetreporter.com/2020/07/servicenow-inc-nysenow-q2-2020-earnings-conference-call-summary-highlights/NexTech AR Solutions (OTC: NEXCF) CEO Evan Gappelberg: “$150 Billion Tradeshows & Meetings Market Being Displaced by Virtual & Video Meetings”In a July 23 presentation at Wall Street Reporter’s “Next Super Stock” livestream investor conference, CEO Evan Gappelberg and President Paul Duffy, shared with investors how NexTech, video conference and AR solutions are displacing the $150 billion tradeshow and meeting market. Up for grabs is the digital transformation of the global trade show market. Paul Duffy gave investors a live demo of the InfernoAR virtual meetings platform, showcasing it’s revolutionary Augmented Reality features, along with actual use cases by large enterprise, and government users.Watch live demo video: https://www.wallstreetreporter.com/2020/07/nextech-ar-otc-nexcf-demo-day-infernoar-platform-next-super-stock-livestream-july-23/Businesses, educational institutions and governments are turning to video conferencing and virtual meetings, such as NexTech’s InfernoAR platform. NexTech’s InfernoAR video conference platform which boasts Augmented Reality tech features, provides the large scale, secure, meeting solutions these enterprises demand. In his presentation, Gappelberg describes how NexTech revenues are now accelerating with increasing velocity of new customer wins.On July 30 NEXCF announced a new contract with Ryerson University to provide InfernoAR Augmented Reality Remote Learning Solutions, with an initial focus on first year Chemistry, Biology and Physics students from the Faculty of Science at Ryerson and enable over 5,000 students to participate in rich, collaborative AR enhanced learning experiences during the Fall and Winter Terms. Ryerson University of Toronto, Canada has over 46,000 students.TODAY: July 30 NexTech (OTC: NEXCF) is sharing a special livestream investor presentation highlighting it’s InfernoAR platform for EdTech - click here to join: https://www.wallstreetreporter.com/next-superstock-online-investor-conference/On July 27 NEXCF announced that it has priced its prospectus offering, raising up to C$15,000,000. The offering will be conducted on an agency basis for the issuance of up to 2,307,692 units of the Company at a price of C$6.50 per Unit. The unit’s consist of one share of common stock, and a half warrant exercisable at C$8.00. The Offering is being led by Mackie Research Capital Corporation as sole agent and sole bookrunner.On July 22, NEXCF reported preliminary Q2 2020 results: Revenue increases +133% to $3.5 million. Gross Profit increases +171% to $2.1 million with a 60% margin.On July 8, NEXCF announced it has filed to up-list its shares to NASDAQ.On July 13, NEXCF announced new collaborative video conferencing solutions addressing the Telemedicine/Healthtech and Edtech markets. The new video conferencing features will integrate collaborative classroom learning, one to one networking and traditional video conferencing directly into the platform letting users seamlessly launch and manage both collaborative experiences and large audience events directly from InfernoAR. This new capability addresses the global Edtech market expected to hit $345 billion by 2025 (according to Business Insider) and the fast growing Telemedicine market which according to Statista was valued at some $45 billion U.S. dollars. NexTechAR (OTC: NEXCF) (CSE: NTAR) NEXT SUPER STOCK July 23 Conference Presentation available at: https://www.wallstreetreporter.com/2020/07/nextech-ar-otc-nexcf-demo-day-infernoar-platform-next-super-stock-livestream-july-23/TODAY: July 30 NexTech (OTC: NEXCF) will be delivering a special livestream investor presentation highlighting it’s InfernoAR platform for EdTech - click here to join: https://www.wallstreetreporter.com/next-superstock-online-investor-conference/Box, Inc. (NYSE:BOX) CEO Aaron Levie: “Box is Powering Secure Remote Work for Enterprises of All Sizes - Modern Cloud Platforms for Organizations of The Future”“While there is an undoubtably significant economic disruption in many sectors right now, there is also an unmistakable sense that this is an opportunity to accelerate digital transformation. Organizations are now beginning to re-factor how they operate for the 21st century, eliminating paper-based processes, automating manual workflows and creating new digital customer experiences…. This future will be built on modern cloud platforms and that's where Box comes in…”“Nearly 100,000 customers now rely on Box to power secure collaboration in critical processes across their businesses. And Q1 highlighted how important Box is to our customers and just how much of a transformational impact we can have. Just to give you a few examples. As we announced, in the quarter, the USDA recently chose Box to power the organization's secure remote work initiatives and help digitize operations within its 2,500 farm service centers across the country. Vistra Energy, which produces electricity for nearly 60 power plants across the country for five million customers leveraged Box along with our tight integrations with Slack, Zoom, Office 365 and G-Suite to quickly and smoothly transition teams to remote work. And Box enabled General Electric to keep employees connected both to each other and to their customers while also keeping them secure on more than half a million connected devices.”“Over the past few years, we have methodically been building the category defining cloud content management platform focused on three key differentiators, frictionless security and compliance, seamless external and internal collaboration and workflow and world-class integrations and APIs that extend the value of Box into any application...We are entering a “new normal” for business and we are in the best position to help our customers emerge stronger than ever...Our Q1 results demonstrate the progress that we have made and we believe that by powering secure remote work for enterprises of all sizes, we are positioned well for further executing going forward.”Box, Inc. (NYSE: BOX) Earnings Call Highlights Available at: https://www.wallstreetreporter.com/2020/07/box-inc-nysebox-q1-2021-results-earnings-conference-call-summary-highlights/CrowdStrike Holdings, Inc. (NASDAQ: CRWD) CEO, George Kurtz: “Remote Workforce Driving Increased Demand for Cloud Security”"We believe work from home and digital transformation are sustainable trends for our business. It is mission critical to protect workloads irrespective of where they are located on or off the corporate network. We believe these trends have helped increase our leadership in the security cloud category that we pioneered. And third, we continue to win new logos as companies are rapidly pivoting away from on-premise legacy technologies and moving to cloud-native architectures that provide prevention, visibility, and control on a single platform. Additionally, the competitive environment has evolved to our favor as market share of the incumbents continues to erode.”“The security challenges associated with a remote or hybrid workforce are best solved by a cloud-native platform that aggregates and analyzes data in the cloud, operates at web scale, leverages network effects to produce superior outcomes, and importantly is easy to deploy and simple to manage on a fully remote basis. This describes the security cloud, a new category that we have pioneered. Because the Falcon platform is cloud-native and our lightweight agent does not require a reboot, customers can easily and remotely deploy, manage, and protect their workloads at scale irrespective of where their employees are located.”“We continue to displace Symantec customers for a lot of the reasons that we have talked about in the past, people are looking for platforms and they are looking for technologies that actually work and stop breaches. Ransomware has been a huge driver and signature-based AV is really not capable of dealing with sophisticated ransomware…In today’s environment, if we think about the healthcare community, the last thing anyone would want would be a ransomware attack in the middle of the pandemic… So, that’s one. Two is on the next-gen players. Again, we spent the time and effort to build the platform out from the ground up, right. It’s the same Salesforce, Workday, ServiceNow, CrowdStrike. We don’t have an on-premise version, because that’s not our model. So, lot of our competitors built on-premise versions. They try to move it to the cloud and call it a cloud offering. Their data is still on each endpoint. The value is being able to aggregate this data at scale, which we figured out with our threat graph. And effectively that creates a data mode plus the module expansion allows customers to add more modules not agents. And even our next-gen competitors, they still have three and four different agents because of their acquisitions. So people want something that’s simple, want something that works and want something that’s future proof and ultimately stops the breach.”CrowdStrike Holdings, Inc. (NASDAQ: CRWD) Earnings Call Highlights Available at: https://www.wallstreetreporter.com/2020/06/crowdstrike-holdings-inc-nasdaqcrwd-q1-2021-earnings-conference-call-highlights-summary/Wall Street Reporter (Est. 1843)Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts. www.WallStreetReporter.comCONTACT:WALL STREET REPORTER(212) 871-2057 ext 7www.WallStreetReporter.com
Shares of cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) are on a tear -- up 11.5% from last week's closing price, and up 5.5% today alone (as of 11:15 a.m. EDT). You can thank investment banker Jefferies & Co. for supporting CrowdStrike and keeping the momentum going. Cybersecurity "is more important than ever," TheFly.com quotes Jefferies as saying in a note released very early Tuesday, especially now that so many company workforces are spread out over remote locations because of the coronavirus pandemic.
Everyone is looking for stocks that could turn into the next Apple or Microsoft. After all, getting in on the right stock early in its corporate life can lead to as much as 1,000 times your money or more, provided you choose wisely and hold on for the long term.
The coronavirus pandemic has shaken and defined economic conditions this year. The auto industry looks primed for a sustained downturn amid weaker economic conditions, and energy and commodities markets have seen staggering volatility. Cybersecurity specialist CrowdStrike had its initial public offering in June 2019, and it's posted stellar performance since its market debut.
Microsoft, Shopify and several other leading tech stocks found support near their 50-day or 10-week lines, offering a new buying opportunity.
Internet security was growing in importance even before the novel coronavirus. But make no mistake - as more people are working from home, companies have to be more cognizant of the risks their networks face every day. That's where CrowdStrike (NASDAQ:CRWD) and CRWD stock come in.Source: Piotr Swat / Shutterstock.com CrowdStrike has been a big winner in the stock market since mid-March, which marked the low point for many equities as Covid-19 fears reached a fever pitch.Since that day, CRWD stock is up more than 190%, and is up 102% so far on a year-to-date basis.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Growing Focus on CybersecurityAs if the Covid-19 pandemic wasn't bad enough, there are some bad guys out there who are looking to make it even worse. Just ask Eric Cole, a former CIA analyst and professional hacker who spoke to Forbes:Traditionally, you had your kids at school, your spouse at their job, and now all of a sudden, everyone's converged. I have friends who are on an old home computer, their kids are doing homework, they're running businesses, they're filing taxes and that's an exposure point. [Hackers] are sending out a 300% increase in phishing emails about COVID-19 because they know that people are so petrified. In our analysis over the last three weeks, 71% of all emails that you receive that say COVID-19 or corona are actually malware or attacks. Less than 30% are legitimate. So you need to be so careful. * 10 Cybersecurity Stocks We Need Now More Than Ever On top of that, companies that are adapting to the work-from-home culture are putting their servers online, since that's the most efficient way for employees to keep working. And as Cole describes it, that opens all-new avenues for hackers to try to get corporate data.A LearnBonds.com report shows that 70% of organizations recognize the value of increasing their investment in cybersecurity. "It is more likely that businesses will be exposed because they neither have in-house, nor external access to the necessary skills to deliver their business operations with a remote workforce," Steve Durban, managing director of the Information Security Forum, told Security Magazine.Those fears - and the growing realization that remote work will likely be the way of the future for many companies - help push CrowdStrike higher.In fact, end-to-end protection is one of CrowdStrike's specialties and is one reason why the company is in such demand now. One such system, called Falcon Prevent, was launched in the first quarter to give company administrators additional tools to install security on teleworkers' home computers. CWRD Stock at GlanceIn early June, CrowdStrike reported first-quarter earnings that gave the stock another boost higher. The company said revenue of $178.1 million was up 85% on a year-over-year basis. The number also beat analysts' expectations of $165.4 million.Earnings per share was also a beat, coming in at 2 cents per share, which was a huge improvement from the 47 cent per share loss the company posted a year ago. Analysts had forecast a loss of 6 cents per share.CrowdStrike issued guidance for the second quarter, saying it projects revenue of $188 million versus analysts' projections of $173 million. The company forecast a quarterly EPS loss of 1 cent, versus a loss of 6 cents per share suggested by analysts.CrowdStrike says it entered the second quarter with cash and cash equivalents of more than $1 billion as it looks to scale its business. The Bottom Line on CRWD StockThere's no doubt that CrowdStrike is an expensive stock, with a price-sales ratio of 39 right now. But that's to be expected for a company with a rapid growth curve that is trading short-term profitability for scale and expansion.CRWD stock's growth curve will be steep as long as the Covid-19 pandemic forces companies to support teleworking.But even after there's a vaccine, I wouldn't abandon CrowdStrike. Cybersecurity will remain one of the most important considerations for companies in the next decade.As long as there are cyber-criminals trying to hack corporate systems, companies like CrowdStrike will thrive.Patrick Sanders is a freelance writer and editor in Maryland, and from 2015 to 2019 was head of the investment advice section at U.S. News & World Report. Follow him on Twitter at @1patricksanders. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Why CrowdStrike Remains a Solid Long-Term Growth Stock appeared first on InvestorPlace.
Harvard has decided that all classes for its 2020-21 academic year will be administered online, a move that foreshadows how other large institutions in the U.S. might respond to ongoing challenges created by the coronavirus. There's a good chance many schools and businesses will adopt a "better safe than sorry" approach similar to the one being taken by the country's oldest university. Extended telecommute measures from schools, businesses, and other organizations this year point to rising demand for cybersecurity services, and the increasing need for these protections looks like a safe short-term and long-term bet.
Capitalizing on the work from home shift and move towards cloud computing, cybersecurity company CrowdStrike (NASDAQ:CRWD) stock can be expected to move higher.Source: Piotr Swat / Shutterstock.com CRWD stock has been red hot this year, rising more than 100% year-to-date. In June alone, the company's stock price rose 14.2%, according to S&P Global Market Intelligence.This is especially impressive when one considers that CrowdStrike has only been publicly traded for a year. The company had its initial public offering in June 2019, where it debuted at $34 per share. Since then the trajectory has been straight up for CRWD stock, especially since the novel coronavirus pandemic caused a boom in remote work.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAfter bottoming at $39.55 per share when the markets crashed in March, CrowdStrike's share price has climbed more than 200%. * 10 Cybersecurity Stocks We Need Now More Than EverFueling the rapid growth has been CrowdStrike's aggressive acquisition of customers, which has accelerated since the pandemic, and totaled 6,261 at the end of the company's first quarter in April, up 105% from a year earlier.The company's revenue expansion has also been healthy and is forecast to reach $1 billion by 2022. CrowdStrike is an expert in endpoint security and provides protection across cloud, mobile devices and Internet of Thing (IoT) devices that are driving the current technology momentum.Going forward, the company is likely to continue to experience robust growth as demand for cybersecurity, particularly endpoint security, rises as people make remote work a permanent arrangement. Simplicity Is KeyA lot of CrowdStrike's success comes from the fact that the company's cybersecurity applications are simple and efficient. Its cloud-based endpoint security solution, which consists of software that protects computers and mobile devices from anywhere through the cloud has been praised for being intuitive and easy to use.Management at CrowdStrike likes to say that its software works invisibly behind the scenes to protect devices, and, unlike many lower end security and virus protection programs, it does not slow down devices.CrowdStrike's Falcon software protects multiple devices, or endpoints, at once. With CrowdStrike, desktops, laptops, smartphones and tablets are all protected simultaneously. Any device requiring a log-in is covered by CrowdStrike's cloud-based software. This thoroughness of protection and the simplicity of the product is what has led organizations and individuals to sign-up for CrowdStrike in droves.Operating under the tagline "We stop breaches," CrowdStrike has won rave reviews and customer loyalty for its software. Current customers include investment bank Goldman Sachs (NYSE:GS), Amazon (NASDAQ:AMZN) Web Services (AWS), and the computer and engineering mecca that is the Massachusetts Institute of Technology (MIT). Several U.S. state and municipal governments also rely on CrowdStrike to protect their servers, files and computers. The company also helps run cybersecurity investigations for the U.S. federal government.CrowdStrike has tracked North Korean hackers for more than a decade, and the company was hired in 2016 by the Democratic National Committee to investigate a hack of its server, which it determined was caused by Russian agents. These high-profile cases have brought CrowdStrike public notoriety and a reputation for uncovering wrongdoing. Profitability and CompetitionIf there are areas of concern for CrowdStrike it is rising competition and a lack of profitability. As a recently public company, CrowdStrike remains unprofitable.It spent a bundle on sales and marketing in the lead up to its IPO, accounting for 55.4% of revenue last year. The company accumulated $62.6 million of non-GAAP losses in 2019. However, profitability is close at hand.In its first quarter analyst call, management forecast that their net losses will decline to a range of $22.1 million to $29.3 million by the end of this year due mainly to strong customer growth. Also for the full year, CrowdStrike is targeting revenue of $761.2 million to $772.6 million, which would represent annual growth of roughly 59%. CrowdStrike is valued at roughly 29 times this year's forecasted sales.While CrowdStrike is moving closer to profitability, it faces growing competition in the cybersecurity space. Companies such as Trend Micro, Bitdefender and Carbon Black are closing in on CrowdStrike with similar offerings designed to protect computers and other electronic devices from cyber threats and hacks.CrowdStrike will have to remain nimble and innovative to fight off the increasing number of competitors that are aiming to takeaway market share. Going forward, many analysts are looking for CrowdStrike to develop new products and services to retain existing customers and continue attracting new ones. Analysts Remain Bullish On CRWD StockDespite its strong run since its IPO, and some potential pitfalls on the road ahead, analysts remain bullish on CRWD stock. Leading analysts have been raising their price targets on CRWD stock in recent months.Oppenheimer, JPMorgan and Goldman Sachs each raised their rating and price target on CrowdStrike in June. Currently, 20 analysts have 12-month price forecasts for CrowdStrike, and the median target is $115 per share, with a high estimate of $125 and a low estimate of $80.The median price target represents a 10.9% increase from the last closing share price of $103.71 a share. The current consensus is to "buy" CRWD stock. There are no "sell" ratings on CrowdStrike's stock.The bottom line is that CrowdStrike remains a fast-growing technology company with plenty of upside potential. The shift to remote work has only served to accelerate the growth of CrowdStrike's customer base and revenues.With profitability just around the corner and analysts singing the praises of its product offerings, now is the time to grab shares and hold on for the ride ahead. CrowdStrike should remain a leading technology player for many years to come.As of this writing, Joel Baglole held shares of GS stock. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post The Remote Work Trend Will Propel CrowdStrike Higher appeared first on InvestorPlace.
CrowdStrike® Inc. (Nasdaq: CRWD), a leader in cloud-delivered endpoint protection, today announced the release of the 2020 CrowdStrike Asia Pacific and Japan (APJ) State of Cybersecurity Report, produced by independent research firm StollzNow. Commissioned by CrowdStrike, the study surveyed 2,017 business leaders in Australia, New Zealand, India, Singapore, Philippines, Thailand, Malaysia, Indonesia, Hong Kong and Japan. The study found that amongst those respondents who believe there should be more investment in remote working, the highest number (74%) list enhancement of cybersecurity measures as a priority for additional investment. Further, despite a grim economic outlook, 65% expect technology budgets to increase.
CrowdStrike Holdings, Inc. (Nasdaq: CRWD) has had an epic run this year and has more than tripled off its March novel coronavirus lows. That's not necessarily unusual for a tech stock these days, and particularly not for one based in the cloud. But what's next for CRWD stock, and does this cloud-based security darling still have further to run?Source: GuruFocus.com CRWD Stock: All About the CloudLong before Covid-19 turned the world upside down, the rise of cloud computing was one of the dominant themes of the past two decades. Amazon.com (NASDAQ: AMZN) essentially invented cloud computing as we know it today in 2006 via its AWS platform, and now it seems that virtually every major enterprise has moved at least part of their computing needs to cloud providers. The software-as-a-service model, in which users essentially rent web-based software as opposed to buying and installing software locally, is also part of this story.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's cheaper and ultimately safer to keep data saved on a server than it is on a local hard drive, but the cloud model does create some security risks of its own. Each endpoint - every desktop, laptop, smart phone or other device used to log in - is a potential entry point for a malicious attack from a hacker. * 15 Growth Stocks That Are Being Propped Up By Low RatesThis is where CRWD stock comes in. CrowdStrike provides endpoint security, and it delivers it via the cloud. Its security software works behind the scenes, invisible to the end users, and the company claims its product reduces resource utilization by 25 times versus its competitors. In plain English, that means it won't bog down your device. Revenues Growing Like a WeedCRWD stock is still a baby, as its IPO was just a little over a year ago. But its revenues are growing at a blistering rate.Source: GuruFocusIn early 2018, quarterly revenues were less than $50 million. Today, they're closing in on $180 million and show no sign of slowing.That's the good news. The bad news is that the company isn't profitable. It hasn't had a single profitable quarter in its entire history as a company, or at least not on a GAAP basis.The losses are getting smaller - just $0.09 last quarter - and it's worth noting that the losses are mostly due to high marketing costs, which should presumably help to generate future growth. But as of today, the company has yet to actually make money.And then there is the share price. CRWD stock trades for about 40 times sales. 40 times earnings would be a little on the expensive side. This is 40 times sales. That's a really big bet on future growth that may or may not materialize. Should You Buy CRWD Stock?It pains me to say this because I'm a value investor at heart. But fundamentals really don't matter today, and neither do valuations. Today's market is driven by virtually infinite liquidity coming out of the Federal Reserve. All of the dollars the Fed is pumping into the financial system have to go somewhere, and many are finding their way into tech stocks.I don't know when the party ends. Frankly, I don't know how it's lasted this long in the face of a pandemic that doesn't seem to be getting any better. But with no obvious end to Fed stimulus, the bubble might continue to inflate for a while.Today, this market is favoring high-growth tech companies irrespective of earnings. CRWD stock certainly fits that bill, and I see no immediate catalyst to reverse its move.So, by all means, buy CRWD stock. Trade it. Ride it higher. But don't get married to it, and be prepared to sell when this growth regime shifts and value starts to matter again. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Why CrowdStrike Investors Should Be Prepared appeared first on InvestorPlace.
CrowdStrike Holdings , is a cybersecurity technology company whose stock price has soared this year. One caller during the "Lightning Round" of Mad Money last evening asked Jim Cramer about it. Said Cramer: "People are selling these high multiple stocks, but they're still working."
Investors may have also noticed that the overall technology industry has proven sturdy amid the extreme challenges created by the coronavirus pandemic. Three that fit that description are CrowdStrike (NASDAQ: CRWD), Baozun (NASDAQ: BZUN), and Glu Mobile (NASDAQ: GLUU). It's no secret that a growing number of businesses are transitioning their key operations to the cloud.
This year's unprecedented market conditions have highlighted some of the problems with making rigid distinctions between growth stocks and value stocks. High-quality tech companies that can shape and benefit from influential trends have the potential to post explosive growth over the long term, and the defensive value that these types of businesses can also add to a portfolio has never been more clear. Here's why investors seeking stocks that can deliver big growth and thrive through adversity should consider adding StoneCo (NASDAQ: STNE), CrowdStrike Holdings (NASDAQ: CRWD), and Zynga (NASDAQ: ZNGA) to their portfolios.
Over the last decade, cloud computing has been a top-performing investment theme. Thus, I think the winds filling the cloud computing industry's sails are far from abating. Global spending was expected to be a double-digit percentage growth story before coronavirus, and the pandemic is only increasing demand, making cloud stocks an annual spending opportunity now totaling in the hundreds of billions.
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]
Shares of CrowdStrike (NASDAQ: CRWD) gained 14.2% in June, according to data from S&P Global Market Intelligence. The stock benefited from market momentum and got a boost from better-than-expected first-quarter results early in the month and favorable coverage from analysts. CrowdStrike published first-quarter results on June 2, delivering sales and earnings that topped the market's expectations.
CrowdStrike® Inc. (Nasdaq: CRWD), a leader in cloud-delivered endpoint protection, today announced that it was identified as the fastest-growing endpoint security software vendor not only shaping the endpoint market but nearly doubling its market share within the IDC Worldwide Endpoint Security Software Market Shares, 2019: Vendors' Pivot from Products to Platforms Accelerating (Doc US46610420, June 2020) report.
Leisure, travel, banking and consumer spending-oriented stocks got trampled in the stock market today as Wall Street focused on Texas' decision to halt the reopening of its economy. In midafternoon trade, the Dow Jones Industrial Average sank nearly 600 points, or 2.3%, and traded near a session low of 25,054. The Dow Jones also looked poised for a test of institutional buying support at its 50-day moving average.
Okta, Inc. (NASDAQ:OKTA), CrowdStrike, Inc. (NASDAQ: CRWD), Netskope, and Proofpoint, Inc. (NASDAQ: PFPT) today announced the companies are coordinating to help organizations implement an integrated, zero trust security strategy required to protect today’s dynamic and remote working environments.
NEW YORK, June 25, 2020 -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at.
Illumio, the leading provider of micro-segmentation, today announced Illumio Edge, a first-of-its kind Zero Trust endpoint protection solution that dramatically reduces the risk of ransomware and malware propagating laterally throughout an organization. Fully managed in the cloud, customers can enable this new offering either via a lightweight Illumio agent or, through a partnership with CrowdStrike® Inc. (CRWD), via an existing CrowdStrike Falcon agent.
The dominance of the technology sector has been on full display lately. Internet stocks helped the Nasdaq Composite briefly reclaim the vaunted 10,000 level today. And before the markets' nosedive, the Nasdaq-100 ETF (NYSEARCA:QQQ) moved a whisker away from hitting a new 52-week high.With all the relative strength, it's impossible not to bet with bulls right now. And that's what today's gallery is all about. In finding the ideal candidates, I focused on internet stocks to buy that are either breaking to new highs or close to it. Two of the three are pushing to record highs. The third is a ways off but just hit a recovery high this morning. * 10 Cash-Rich Stocks to Buy for Peace of Mind Here are the three companies in the spotlight:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Crowdstrike Holdings (NASDAQ:CRWD) * Workday (NASDAQ:WDAY) * Splunk (NASDAQ:SPLK)After breaking down their price charts, I'll reveal my favorite options strategy for capitalizing on their continued ascent. Internet Stocks Breaking to New Highs: Crowdstrike Holdings (CRWD)Source: The thinkorswim® platform from TD Ameritrade This week marked the end of Crowdstrike's first year as a public company. As with most stocks in their infancy, CRWD stock has seen its fair share of temper tantrums and high volatility along the way. Today's gain from its opening price may not impress you, but the ascent from March's low will.Since bottoming mid-March at $31.95, the cybersecurity company has seen its share price explode higher by 225%. The gains make it one of the best-performing internet stocks in the post-novel-coronavirus era.Friday's rally pushed the stock to a record high, and signaled a breakout from the base that has been forming over the past month. All major moving averages are trending higher and confirm buyers' domination across all time frames. With one year now in the books, we have enough data to calculate the implied volatility rank. At 19%, CRWD stock options are trading on the cheaper side of the board, making bull calls a smart play.The Trade: Buy the Aug $110/$120 bull call spread for around $3.20.Your risk is limited to $3.20, and the reward is limited to $6.80. Workday (WDAY)Source: The thinkorswim® platform from TD Ameritrade The gains in Workday haven't been as explosive as Crowdstrike, but it has been constructive enough to justify including in today's article. The company is based out of Pleasanton, California, and provides a suite of cloud applications for finance and human resources. WDAY stock was smashed alongside every other risk asset in March, ultimately falling almost 50% before buyers emerged.The rebound has been impressive, and WDAY has almost recovered all that was lost. Even after rising 70% off the lows, the stock was still able to score a gap higher after its late-May earnings report. Since then, it has been consolidating as the 20-day and 50-day moving averages have played catch-up.Thursday's rally finally pushed WDAY stock above resistance and signaled the next ascent could finally be starting. With an implied volatility rank of 32%, premiums are cheap enough to support a bull call spread. * 7 Housing Stocks That Are Worth Your Money The Trade: Buy the Aug $190/$200 bull call spread for $3.75.Your risk is limited to $3.75, and the reward is capped at $6.25. Splunk (SPLK)Source: The thinkorswim® platform from TD Ameritrade Splunk shares have followed in the footsteps of Workday. Its resurrection off the March lows was as epic as the other internet stocks, but it still had enough power to surge higher after May's earnings report. Unlike WDAY, however, SPLK stock was able to climb to an all-time high.Each moving average is toeing the bullish line by rising in support of the price. Volume has been dwindling during the consolidation, which is a good thing. It should make it easier for the next breakout to succeed when big buyers return.Once again, implied volatility is relatively low, and bull call spreads offer a cheap path to profits.The Trade: Buy the Aug $190/$200 bull call spread for around $4.25.Your risk is limited to $4.25, and the reward is limited to $5.75.For a free trial to the best trading community on the planet and Tyler's current home, click here! As of this writing, Tyler didn't hold positions in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * Top Stock Picker Reveals His Next 1,000% Winner * The 1 Stock All Retirees Must Own * Look What America's Richest Family Is Investing in Now The post 3 Internet Stocks Breaking to New Highs appeared first on InvestorPlace.
With businesses reeling from COVID-19 and many companies allowing work-from-home for the foreseeable future, securing enterprise communications among a distributed workforce is more important than ever. Not only is the cybersecurity sector poised for long-term growth, but CrowdStrike (NASDAQ: CRWD) also appears to have a novel solution poised to take market share within the industry. CrowdStrike combines its software-based Falcon agents, which can be deployed to any "end point" in an enterprise's IT stack over the cloud, with a centralized artificial intelligence-based Threat Graph that uses all agent data to continuously improve algorithms for the entire customer base.