|Bid||150.65 x 1400|
|Ask||151.02 x 800|
|Day's range||149.72 - 153.83|
|52-week range||92.25 - 205.73|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||28 Aug 2023 - 01 Sept 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||175.56|
This cybersecurity stock has pulled back following its latest earnings report, and this looks like an opportunity in disguise.
Nvidia is red hot, but these AI stocks still trade at big discounts and could be even bigger winners.
Let's take a look at three AI-related stocks and see why one might want to be avoided right now while the other two have potential. One AI-related company to avoid at the moment is Nvidia (NASDAQ: NVDA). While I agree that Nvidia is a likely winner and will see its business rapidly grow, it's hard to justify new investors buying the stock at its overinflated valuation.
The addition of the 1-Click XDR feature to CrowdStrike's (CRWD) Falcon Cloud Security platform is likely to help organizations protect their cloud environments more effectively from cyber attacks.
Seeing a stock you own plunge after an earnings report is any investor's nightmare. Unfortunately, shareholders of cybersecurity company SentinelOne (NYSE: S) had to watch in horror when the company's earnings report for the quarter ending April 30 sent shares lower by more than 30%. Admittedly, SentinelOne did reveal quite a bit of bad news, so one should at least understand the negativity.
Shares of cybersecurity company SentinelOne (NYSE: S) gained 33% in May, according to data provided by S&P Global Market Intelligence. In this article, I'll explain why that huge jump in stock price didn't hold. Stock prices can be driven by two factors: business fundamentals and market sentiment.
Zscaler's (NASDAQ: ZS) stock jumped 5% on June 2 after the cybersecurity company posted its latest earnings report. Zscaler's "zero trust" services secure an organization's network by treating everyone -- including top executives -- as potential threats. Instead of installing on-site appliances and software like older cybersecurity companies, Zscaler only provides cloud-native services -- which are cheaper and easier to scale as an organization expands.
Recently, Zacks.com users have been paying close attention to CrowdStrike (CRWD). This makes it worthwhile to examine what the stock has in store.
AUSTIN, Texas, June 06, 2023--CrowdStrike (NASDAQ: CRWD) today unveiled new cloud security capabilities to deliver complete visibility into potential attack paths, from endpoint to cloud, and instantly secure vulnerable cloud workloads across build and runtime. As part of this, CrowdStrike announced a "1-Click XDR" capability that automatically identifies and secures unprotected cloud workloads by instantly deploying the CrowdStrike Falcon agent. These agent and agentless innovations empower cus
Many of the economic issues investors have concerned themselves with appear to be easing; inflation is rapidly falling, and economists believe the U.S. Federal Reserve might cut interest rates before the end of this year. With that in mind, here's one to buy now, and one investors probably shouldn't take into the next bull market. Cybersecurity giant CrowdStrike (NASDAQ: CRWD) is off to a flying start in 2023.
You could spend hours digging into each company's product line and determining its potential uses, or just pick the popular stocks that are consensus winners. On the hardware side, data centers filled with thousands of GPUs (graphics processing units) and other computing devices are needed to help process calculations and train AI models. On the software side, data sets are used to train AI models, which can then be integrated into software and sold as an AI product from which the end user benefits.
CrowdStrike (NASDAQ: CRWD) has already built its offering from the ground up employing AI. With CrowdStrike sitting at the crossroads of two important technology trends, is it a buy? CrowdStrike's primary focus is on endpoint security, which protects devices utilized to access a network (like a phone or laptop).
Luckily, incredible cybersecurity providers like CrowdStrike (NASDAQ: CRWD) are up to the challenge. CrowdStrike's specialty is endpoint protection. The need for protection is why CrowdStrike's annual recurring revenue (ARR) increased 42% year over year last quarter, even when companies are being careful with spending due to a potential recession.
Fool.com contributor and finance professor Parkev Tatevosian reviews CrowdStrike's (NASDAQ: CRWD) latest earnings to determine if the stock is a good value for long-term investors. *Stock prices used were the afternoon prices of June 3, 2023.
In the case of CrowdStrike in May, I can't point to a business reason to explain why it was up so much. Now, CrowdStrike did technically deliver news related to its business fundamentals in May -- on May 31, it reported financial results for its fiscal 2024 first quarter, which ended April 30. The cases of CrowdStrike and SentinelOne are instructive in this regard.
Up 10% and 52% in 2023, these stocks could prove why adding to your winners is an outperforming strategy.
SentinelOne is proving to the uninitiated how tough it is to catch a break into the cybersecurity industry.
Whether the next recession is right around the corner or in a decade is irrelevant, one will eventually come. In this space, my top pick is CrowdStrike (NASDAQ: CRWD), although many other cybersecurity companies are worthy of consideration. Switching to a different provider also becomes difficult as CrowdStrike's products become deeply integrated into the company infrastructure, making a switch or elimination of a product even more complex.
Ark Invest recently disclosed multiple purchases of two artificial intelligence stocks that are already up 46% and 47% this year.
This bigger, more profitable competition gets less attention. That's good for people with money to invest.
SentinelOne's (NYSE: S) stock plunged 36% during after-hours trading on June 1 following its release of a messy earnings report. For the first quarter of fiscal 2024, which ended on April 30, the cybersecurity specialist's revenue rose 70% year over year to $133 million but missed analysts' estimates by $3 million.
CrowdStrike shares are trading lower despite a 42% jump in revenue, year-over-year. George Kurtz, CrowdStrike's CEO, discusses the company's outlook and what lies ahead for cybersecurity industry at large.
Cathie Wood didn't make a lot of moves on Thursday, but she certainly made them count. Wood added to her stakes in CrowdStrike (NASDAQ: CRWD), Prime Medicine (NASDAQ: PRME), and Adaptive Biotechnologies (NASDAQ: ADPT) on Thursday. CrowdStrike came through with a "beat and raise" performance this week, but it wasn't enough.
The average brokerage recommendation (ABR) for CrowdStrike (CRWD) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Every time you turn around, AI has done something amazing. These three companies are set to capitalize on the AI revolution.