105.59 -0.02 (-0.02%)
Before hours: 7:45AM EDT
|Bid||105.61 x 800|
|Ask||0.00 x 1100|
|Day's range||99.12 - 109.35|
|52-week range||31.95 - 118.58|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||03 Sep 2020 - 08 Sep 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||108.43|
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.
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.
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.
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.
Duluth, Encore Wire, Fortinet, CrowdStrike and Trend Micro highlighted as Zacks Bull and Bear of the Day
Following the market crash in February and March brought on by the coronavirus pandemic, stocks have rebounded sharply -- especially high-growth tech stocks. So, why consider buying those stocks now? From time to time, strong price action simply reflects underlying business execution and an improved outlook for the long-term growth story.
Networking hardware and software management giant Broadcom (NASDAQ: AVGO) reported Thursday on its fiscal 2020 second quarter, which included the worst of the global coronavirus crisis. Not entirely unexpected was the news that demand from networking customers -- including cloud computing and network storage -- rose when the world was shoved further down the digital road because of work-from-home and shelter-in-place. What was unexpected was Broadcom's top brass reporting that demand for some products has grown so great that it's having difficulty keeping up, offset by a sharp drop in smartphone demand and a right-sizing of the company's network software portfolio (which was patched together via its acquisitions of Brocade, CA Technologies, and most recently Symantec).
The rally in technology stocks has been aiding the U.S. stock market. Here we choose five technology stocks that are well poised to grow as the economy partially reopens.
CrowdStrike Holdings (NASDAQ: CRWD) was already one of the best-performing growth stocks of 2020 -- it was up 85% year to date going into its fiscal 2021 first-quarter earnings report after the market close on Tuesday. The company reported revenue of $178.1 million, up 85% year over year, easily surpassing analysts' consensus estimates of $165.4 million and the high end of management's forecast, which topped out at $167.6 million. CrowdStrike also delivered non-GAAP earnings per share of $0.02, compared to a loss of $0.47 in the prior-year quarter, marking the first time the company has reported adjusted profits.
As you might know, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) just kicked off its latest quarterly results with some...
Shares of CrowdStrike Holdings (NASDAQ: CRWD), a popular cybersecurity stock, surged 12.5% higher out of the gate Wednesday morning after a sizable "earnings beat" sparked a whole series of hikes to its price target on Wall Street. Expected to report an adjusted loss of $0.06 per share on $165.4 million in sales in its fiscal first quarter of 2020, last night CrowdStrike instead reported a small $0.02 pro forma profit -- and sales of $178.1 million that shot right past the analysts' estimates. Granted, CrowdStrike was not profitable when profit was calculated according to generally accepted accounting principles (GAAP).
CrowdStrike's (CRWD) first-quarter fiscal 2020 results reflect the gains from strong demand for its Falcon solution and an expanding customer base.