Why did CrowdStrike stock fall on Wall Street Monday?
Apr 14, 2022 · americanbankingnews.com - April 8 at 10:20 AM. Deutsche Bank Aktiengesellschaft Boosts CrowdStrike (NASDAQ:CRWD) Price Target to $270.00. americanbankingnews.com - April 8 at 10:20 AM. CrowdStrike stock gains aftermarket on impact level 4 authorization from Dept of Defense - Seeking Alpha. seekingalpha.com - April 8 at 8:45 …
Should you buy CrowdStrike (crwd) stock?
Apr 08, 2022 · Price *Price Target. Lowest: 65.00 Median: 220.60 Highest: 360.00. *The average price target includes all analyst analysis, not just the most recent analysis presented in the chart.
What are CrowdStrike stock price targets for 2021?
Get the latest CrowdStrike Holdings, Inc. (CRWD) stock news and headlines to help you in your trading and investing decisions.
What is CrowdStrike Holdings (CrowdStrike)?
Apr 12, 2022 · Yet while demand for its services is booming, Crowdstrike's stock price has pulled back sharply along with many other growth stocks in recent months. Even after today's gains, Crowdstrike's shares ...
Why did CrowdStrike stock go down today?
CrowdStrike traded sharply lower Monday after shares of the cybersecurity software company were initiated at Underweight by Morgan Stanley with a price target of $247. CrowdStrike (ticker: CRWD) fell 12.7% to $248.13. The stock has gained 17% so far in 2021 and more than 88% over the past 52 weeks.Nov 15, 2021
Is CrowdStrike losing money?
CrowdStrike reported a wider GAAP net loss of $235 million, compared to $93 million the previous year. That's a 153% increase in loss. GAAP loss from operations was $143 million, also widened compared to $93 million previously.Mar 21, 2022
Is CrowdStrike a buy or a sell?
Solid Rank & Growth Score: CrowdStrike currently carries a Zacks Rank #2 (Buy) and has a Growth Score of A. Our research shows that stocks with a Growth Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or #2, offer the best investment opportunities for investors.Mar 11, 2022
Is CrowdStrike shorted?
CrowdStrike currently has a short interest ratio of 2.0. Learn More on CrowdStrike's short interest ratio.
Is CrowdStrike overvalued?
On a relative valuation, CRWD stock is overvalued based on its PB Ratio (49.3x) compared to the U.S. Software industry average (5.7x). The Price/Sales ratio of 36.23 for December 28, 2021, is considered too high considering that the firm is losing money.Jan 2, 2022
Why is CrowdStrike not profitable?
The company also has a highly scalable business model despite posting losses currently. CrowdStrike is forgoing profits in the short term by spending much of its revenue on sales and marketing. This spending is paying off now with increases in customers and revenues and will continue to pay dividends in the future.Jan 12, 2022
Is CRWD a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
Why is CrowdStrike stock up?
Analysts cited unprecedented demand for cybersecurity increasing with the war in Ukraine as a reason for the upgrade. The stock is down 26% from its all-time closing high in November.7 days ago
Does CrowdStrike pay a dividend?
CROWDSTRIKE HOLDINGS (NASDAQ: CRWD) does not pay a dividend.
9 cybersecurity stocks to watch amid Russia attacking Ukraine: analyst
3 Cybersecurity Stocks to Watch as Russia-Ukraine Crisis Escalates
Wall Street is keyed in on cybersecurity stocks amid Russia's invasion of Ukraine.
Key Points
Russian military forces have now entered Ukraine in what increasingly looks like a full-scale invasion. In response, sanctions on Russia by the US and other Western countries are likely to increase, along with other punitive measures. And based on past performance, Russia is likely to respond with cyberattacks on US and Western networks.
NASDAQ: CRWD
Some CrowdStrike investors sold their shares as the U.S. Treasury yield inched higher.
What happened
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So what
Shares of CrowdStrike Holdings, Inc. ( CRWD -0.68% ), a cybersecurity company, tumbled again today on no company-specific news. Rather, the tech stock likely fell as U.S. Treasury yields rose today, which put pressure on growth stocks.
Now what
Investors often flee high-growth stocks with loftier valuations when Treasury yields rise because it means a company's future profits will be worth less than they are right now. The 10-year Treasury yield was about 1.66% as of this writing, up from 1.52% at the end of last week.
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CrowdStrike investors have been on a wild ride over the past year. The company's stock began plummeting in mid-November, and now its share price is down about 11% over the past 12 months.
Key Points
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NASDAQ: CRWD
Shares were rallying after-hours thanks to another superb earnings report.
What happened
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So what
Shares of endpoint security leader Crowdstrike Holdings ( CRWD 1.59% ) got blasted with a 7% sell-off today. High-growth names were hit especially hard on news that the first case of the coronavirus Omicron variant was confirmed in the U.S.
Now what
As for the Q3 fiscal 2022 earnings update (for the three months ended Oct. 31, 2021), revenue increased 63% year over year to $381 million. On an annualized basis, revenue was $1.5 billion, up 67% from the same period last year. Free cash flow in Q3 was up 62% to $124 million, good for an incredibly healthy free-cash-flow-profit margin of 33%.
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Though Crowdstrike is growing at a rapid pace and is poised to continue its advance in the cybersecurity industry, valuation is an oft-cited concern. Crowdstrike is now some 25% off its all-time highs but still trades for over 120 times trailing 12-month free cash flow.
What happened
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So what
Shares of cybersecurity company CrowdStrike ( CRWD 8.52% ) got tackled for a loss Monday morning. Its shares had tumbled by 10.5% as of 10:37 a.m. EST.
NASDAQ: CRWD
Bright and early Monday morning, investment bank Morgan Stanley initiated coverage on CrowdStrike with an underweight ( i.e., sell) rating and a $247 price target that implies the stock has another $7 or so to fall from here before it reaches fair value.
Now what
The "potential for decelerating revenue growth" and the stock's valuation of approximately 26 times its 2023 sales "creates an unfavorable risk-reward," warned analyst Hamza Fodderwala in a note covered by StreetInsider.com today.
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But now here's the weird thing: After warning so strenuously about CrowdStrike's prospects, the Morgan Stanley analyst actually ended up concluding that the stock trades for only "a slight premium" relative to the average valuations within the cybersecurity space.
