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☆ CrowdStrike CEO talks generative AI being used in sophisticated cyber attacks
▼ + stars: | 2024-03-06 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrowdStrike CEO talks generative AI being used in sophisticated cyber attacksGeorge Kurtz, CrowdStrike co-founder, president and CEO, joins 'Mad Money' host Jim Cramer to talk cyber security, AI's roll in cyberattacks, earnings and more.

Persons: George Kurtz, CrowdStrike, Jim Cramer Locations: cyberattacks

Morgan Stanley cut its price target on Tesla after trimming its profitability forecasts. The analyst has a price target of $500, which implies upside of more than 20% over the next 12 months. — Hakyung Kim 6:51 a.m.: JPMorgan raises CrowdStrike price target after earnings beat CrowdStrike is managing to grow quickly while delivering strong results, says JPMorgan. The bank upgraded the retailer to buy from hold, increasing its price target to $195 from $140. — Fred Imbert 5:40 a.m.: Morgan Stanley cuts Tesla price target 2024 will be for electric vehicles, said Morgan Stanley's Adam Jonas, who warns that Tesla could lose money this year.

Persons: Morgan Stanley, Wells, Andrew Nowinski, MongoDB, Hakyung Kim, CrowdStrike, Brian Essex, Essex, — Hakyung Kim, UnitedHealth, Andrew Mok, Mok, Berenberg, Philip Buller, Buller, Bob Jian Huang, Huang, Daniela Bretthauer, Krisztina Katai, — Fred Imbert, Morgan Stanley's Adam Jonas, Tesla, Jonas Organizations: CNBC, HSBC, Target, JPMorgan, Barclays, Medicare, Honeywell, Berenberg, Morgan Stanley Insurance, Progressive, Target . Deutsche Bank Locations: Andrew Mok ., Honeywell's, U.S, Tuesday's

☆ CrowdStrike CEO says cybercriminals are leveling up: 'It’s going to be the battle of AI in the future'
▼ + stars: | 2024-03-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

He said generative AI is democratizing "very esoteric techniques and attacks," for adversaries who don't have the same sophistication or skill level. "What we talked about in the earnings call is the ability to create more adversaries with lower skill levels, but operating at a much higher skill level, leveraging generative AI," Kurtz said, "Of course, on the security side, we leverage generative AI to help protect our customers, so it's going to be the battle of AI in the future." CrowdStrike aims to create a single, more simple platform that can stop breaches and "add capabilities seamlessly," he said. He mentioned a seven-figure deal CrowdStrike made during its more recent quarter with a mega cruise line. "People may try to buy something, they may think it's cheaper, it's not: free is not free," he said.

Persons: George Kurtz, CNBC's Jim Cramer, Kurtz, cybercrime, CrowdStrike

☆ Three-Stock Lunch: CrowdStrike, Foot Locker & Nordstrom
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: CrowdStrike, Foot Locker & NordstromMalcolm Ethridge, CIC Wealth EVP, joins 'Power Lunch' to discuss stock plays for three stocks, including CrowdStrike, Foot Locker and Nordstrom.

Persons: Nordstrom Malcolm Ethridge, Locker, Nordstrom

☆ Nasdaq 100 futures rise after Tuesday's sell-off, investors await Powell's testimony: Live updates: Live updates
▼ + stars: | 2024-03-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 29, 2024. Futures linked to the Nasdaq 100 rose on Tuesday night, following a sharp sell-off for all three major averages. S&P 500 futures added 0.05%, and Dow Jones Industrial Average futures inched higher by 19 points, or 0.05%. Investors dumped large-cap tech names, fueling Tuesday's losses and notching the worst day since Jan. 2 for the tech sector. While the market will likely react to Powell's commentary, Hatfield thinks that his remarks should not come as a surprise to investors.

Persons: Nordstrom, Jay Hatfield, It's, Hatfield, it's Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Dow, Investors, Apple, Counterpoint Research, Microsoft, Infrastructure Capital Advisors, Financial Services Committee Locations: New York City, U.S, China

☆ Stocks making the biggest moves after hours: Nordstrom, CrowdStrike, Box and more
▼ + stars: | 2024-03-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Ross earned $1.82 per share on $6.02 billion of revenue, higher than the $1.65 per share on revenue of $5.81 billion that analysts had expected, according to LSEG. CrowdStrike — The cybersecurity stock soared 19% after fourth-quarter earnings topped estimates. Nordstrom — Despite beating fourth-quarter earnings and revenue expectations, shares slid nearly 10% after the department store chain provided disappointing full-year 2024 guidance. HashiCorp — Shares of the software company added 1% after fourth-quarter earnings and revenue topped estimates. Box — The cloud storage stock jumped 8% after posting fourth-quarter revenue that matched analyst expectations, according to LSEG.

Persons: Ross, CrowdStrike, LSEG, Nordstrom, HashiCorp Organizations: OpenAI

☆ CrowdStrike shares surge on earnings beat, strong full-year guidance
▼ + stars: | 2024-03-05 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

CrowdStrike shares surged as much as 21% in after-hours trading Tuesday, after the cybersecurity company reported a beat on the top and bottom lines, and issued stronger than expected guidance for the upcoming quarter and full year. CrowdStrike has now reported GAAP net income for the last four quarters, CFO Burt Podbere said in the earnings release. "CrowdStrike is cybersecurity's consolidator of choice, innovator of choice, and platform of choice to stop breaches," co-founder and CEO George Kurtz said in a release. The company also guided to fiscal first-quarter revenues between $902 million and $906 million, better than a consensus estimate of $899 million. CrowdStrike also expects EPS for the period between 89 to 90 cents, better than the 82 cent consensus estimate.

Persons: George Kurtz, CrowdStrike, Burt Podbere, Podbere Organizations: Crowdstrike Holdings Inc, Bloomberg Technology, RSA Conference, Security Locations: San Francisco , California

☆ This stock market is 'toppy' — not bubbly — and there is a very big difference
▼ + stars: | 2024-03-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

"This is not bubbly, it's toppy and there's a very big difference," Jim Cramer said. For the uninitiated, "toppy" is financial slang for a stock market that climbs to new highs and then falls back. Toppy, toppy, toppy." The energy, consumer staples, utilities, and financial sectors were positive despite the weak market action. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, we've, Nordstrom, Crowdstrike, Locker, Jim Cramer's, Jim, David Paul Morris Organizations: CNBC, Ross Stores, Jim Cramer's Charitable, Bloomberg, Getty

☆ KKM's Jeff Kilburg: Buy CrowdStrike
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKKM's Jeff Kilburg: Buy CrowdStrikeJeff Kilburg, KKM Financial founder and CEO, joins 'The Exchange' to discuss how to trade Nordstrom, CrowdStrike, and JD.Com.

Persons: Jeff Kilburg, Nordstrom, CrowdStrike Organizations: KKM Financial

☆ Cramer's week ahead: Watch for earnings from Target, CrowdStrike, Kroger and more
▼ + stars: | 2024-03-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

CNBC's Jim Cramer on Friday told investors what to look for next week on Wall Street, including earnings from retailers like Target . Tuesday brings earnings from Target and Cramer said he's optimistic about the big-box retailer's performance. On Thursday, Cramer will be paying attention to earnings from grocers Kroger and Costco , as well as Marvell Technology . Friday brings February's unemployment report. If there's a slight boost in unemployment while wages stay steady, Cramer said he thinks investors won't have to fight the Fed.

Persons: CNBC's Jim Cramer, Cramer, Forget, he'll, it's, George Kurtz, Campbell Soup, Kroger's, he's Organizations: Federal Reserve, Palo Alto Networks, Abercrombie, Fitch, Kroger, Costco, Marvell Technology, Federal Trade Commission, Albertsons

☆ US officials combing leaked documents from Chinese tech firm for clues about Chinese hacking campaigns
▼ + stars: | 2024-02-22 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +6 min

CNN —US officials have been scouring a trove of newly leaked documents from a Chinese tech firm for clues on how the government in Beijing allegedly uses the company in extensive hacking campaigns, multiple US cybersecurity officials familiar with the matter told CNN. The documents, posted anonymously online last weekend for anyone to access, include screenshots of chat logs, as well as records of employees and Chinese government clients of the tech firm I-Soon. “This is some of the best visibility we’ve had into Chinese hacking operations outside of a government SCIF,” said Adam Kozy, who used to track Chinese hackers for the FBI, using an acronym for classified facilities. In a leaked marketing presentation, I-Soon touted its participation in an unspecified hacking project for China’s Ministry of Public Security in 2018. The project “achieved significant results” and received “recognition and praise” from Chinese officials, according to a presentation slide.

Persons: Biden, ”, Adam Kozy, I’m, ” Liu Pengyu, Wu Haibo, Beijing’s, Christopher Wray, Dakota Cary, ” GitHub, “, Wu, Obama, Xi Jinping, Adam Meyers, CrowdStrike, Meyers Organizations: CNN, FBI, Embassy, Telecom, China’s Ministry of Public Security, US Justice Department, US Locations: Beijing, Taiwan, India, Hong, Sichuan, China, Washington ,, Shanghai, Dakota, Asia, South Korea, Kazakhstan, Afghanistan

☆ The red-hot cyber trade: Palo Alto Networks, Crowdstrike and Fortinet
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe red-hot cyber trade: Palo Alto Networks, Crowdstrike and FortinetThe Investment Committee give their top cyber picks as Palo Alto Networks is set to report after the bell tonight.

Organizations: Palo Alto Networks, Investment

☆ Calls of the Day: Blackstone, FedEx and CrowdStrike
▼ + stars: | 2024-02-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Blackstone, FedEx and CrowdStrikeThe “Halftime Report” Investment Committee debate the biggest analyst calls of the day, including Josh Brown's take on CrowdStrike as it clocks a new record high.

Persons: Josh Brown's Organizations: Blackstone, FedEx

☆ AI is changing the cybersecurity industry. Why these two stocks look best positioned to capitalize
▼ + stars: | 2024-02-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

"As we move to cloud and generative AI, it opens up massive total addressable markets, where security just has to be done a different way." Palo Alto Networks and CrowdStrike have already surged more than 25% each only six weeks into the new year after proving among the best performers in the Nasdaq-100 in 2023. But arguably, companies offering all-in-one solutions to mounting cybersecurity threats are viewed as sitting in the most advantageous position. PANW YTD mountain Palo Alto Networks in 2024. This leading position is one reason Deepwater Asset Management's Doug Clinton retains a stake in Crowdstrike, along with Palo Alto Networks, in the core fund that he manages.

Persons: Ted Mortonson, Baird, Mortonson, Peter Weed, Bernstein, Morgan Stanley, Hamza Fodderwala, Hendi Susanto, Doug Clinton, JPMorgan's Brian Essex, CRWD, Essex, Michael Bloom Organizations: MGM Resorts, Caesars Entertainment, Microsoft, Palo Alto Networks, Nasdaq, Gamco Locations: cyberattacks, Palo, Crowdstrike

☆ The way AI will be sold to a skeptical public is starting to become clear
▼ + stars: | 2024-02-13 | by ( Michelle Castillo | ) www.cnbc.com time to read: +5 min

Many AI companies struggle with customers understanding how the product won't take away their ability to think for themselves. A few took the opportunity of the Super Bowl to change the narrative. There many winners and losers among the messages attempted by brands in the big Super Bowl advertising bets. In Microsoft's Super Bowl ad, a group of people overcome challenges ranging from opening their own business to getting a college degree. There's no bigger stage to get your humanizing message across than the Super Bowl, Microsoft's Kumar said.

Persons: GPT, Deacon Webster, Webster, It's, it's, Divya Kumar, Etsy, Crowdstrike, cyberattacks, Gaurav Misra, Misra, Microsoft's Kumar, David Jones, Jones Organizations: Research, Sunday, Microsoft, Google, New York Times, Super, Brandtech, America Locations: France

☆ How to make money investing in software stocks, according to Trivariate Research
▼ + stars: | 2024-02-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Investors looking to make money in the software space may want to consider this winning strategy, according to Trivariate Research. "Own Software stocks with low but accelerating revenue growth: Our work shows this is by far the best way to make money in software," wrote founder Adam Parker, highlighting a basket of stocks that have already been on a tear this year. Growth stocks across the board have rallied to start the year as artificial intelligence tailwinds persist, strong earnings drive expectations for ongoing growth and recent data points to signs of a robust economy. Zscaler and CrowdStrike are among the names included, with shares up 15% and 29%, respectively, since the start of 2024. Both companies are also coming off a strong 2023 in which shares rallied 98% and 142%, respectively.

Persons: Adam Parker, CNBC's Michael Bloom Organizations: Research

☆ Ivana Delevska's technology ETF returned 88% in 2023, smashing 99% of similar funds. She shares 3 stocks she continues to bet on in 2024.
▼ + stars: | 2024-02-11 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

A frenzy around AI-adjacent stocks fueled the sector to robust gains: the Nasdaq Composite Index (IXIC) was up 43%, and the Technology Select Sector SPDR Fund (XLK) was up 56%. And yet, in addition to outperforming the broader market, Ivana Delevska’s Spear Alpha ETF (SPRX) managed to smash its peers in the tech sector. The fund was up 88% on the year and beat 99% of similar funds, according to Morningstar data . We were like the only ones buying it at the bottom, it really felt totally abandoned,” Delevska told Business Insider. 3 AI stocks to buyThe first is chipmaker Nvidia (NVDA).

Persons: Ivana Delevska’s, ”, “, ” Delevska, Delevska, they’re Organizations: Nasdaq, Technology, Alpha, Morningstar, Business, Citadel Asset Management, Nvidia, Palo Alto

☆ Friday analyst calls: Street sticking with Pinterest, Citi upgrades Liberty Global, United Airlines could surge
▼ + stars: | 2024-02-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +11 min

United Airlines' shares got a premarket lift following an upgrade at Evercore, and Bank of America dropped its price target on Expedia. He raised the price target to $300 from $225, which implies shares could gain 14.6% from Thursday's close. He also lowered his price target to $181 from $156, which implies 13.5% upside potential from Thursday's close. ET United Airlines shares could surge 56%, according to Evercore Evercore upgraded shares of United Airlines to outperform from in-line. He reiterated his $48 price target on shares, which suggests around 18% upside from the stock's closing price on Thursday.

Persons: Pinterest, Morgan Stanley, TransDigm, CyberArk, Tal Liani, Liani, Kim, Justin, Post, Expedia, — Hakyung Kim, Goldman Sachs, Kate McShane, Gary Millerchip's, McShane, Evercore Evercore, Duane Pfennigwerth, Pfennigwerth, Morgan Stanley's, Kristine Liwag, Liwag, there's, LBTY, Georgios Ierodiaconou, Ierodiaconou, Stephen Ju, Ju, Goldman, Eric Sheridan, . Bank of America's Justin Post Organizations: CNBC, Citi, Liberty Global, United Airlines, Bank of America, Bank of America's, Palo, Costco, Incoming, Kroger, Liberty, Wall Street's, UBS, Pinterest, Google, . Bank of America's, Post Locations: underappreciated, Thursday's, Wall

☆ Goldman warns these are the most crowded AI-related stocks
▼ + stars: | 2024-02-07 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

These stocks riding the surge of interest in artificial intelligence are the most crowded trades, Goldman Sachs warned. The top five most crowded trades include Autodesk, a design software company; Arista Networks, a network equipment company; and Advanced Micro Devices, a chipmaker. Autodesk is considered the most crowded trade, according to Goldman Sachs. But Goldman Sachs does not anticipate much runway left for the stock, just 3% upside to its price target. The stock is up 23% in 2024, but can fall 27% based on Goldman Sachs' price target.

Persons: Goldman Sachs, Samik Chatterjee, Morgan Stanley Organizations: Street, Autodesk, Arista Networks, Devices, Arista

☆ CrowdStrike CEO: FBI warning shows serious nature of cyber threats from China
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrowdStrike CEO: FBI warning shows serious nature of cyber threats from ChinaCrowdStrike CEO George Kurtz joins 'Money Movers' to discuss the latest warning from the FBI, how vulnerable the critical infrastructure is in the United States, and more.

Persons: George Kurtz Organizations: FBI Locations: China, United States

7:08 a.m.: BTIG upgrades Block to buy, bullish on Cash App and Square growth Analyst Andrew Harte upgraded Block to buy from neutral, saying margins are poised to expand. His $85 price target implies shares could gain more than 23%. Braziler's new price target of $72, higher by $10, suggests about 2.7% potential upside over the next 12 months. That is equivalent to $12B revenue or 800k units," wrote analyst Srini Pajjuri. Morgan Stanley raised its price target on Citigroup to $65 from $46, implying upside of 20.1% over the next 12 months.

Persons: Morgan Stanley, Goldman Sachs, Andrew Harte, Harte, Cash, — Pia Singh, Timur Braziler, …, Braziler, WAL, Oppenheimer, Brian Nagel, Nagel, Raymond James, Adam Tindle, Tindle, CrowdStrike, Batya Levi, Levi, EBITDA, Raymond James downgrades, Srini Pajjuri, Fred Imbert, Goldman Sachs Morgan Stanley, Betsy Graseck, Graseck, Goldman Organizations: CNBC, Bank of America, Citigroup, UBS, Spotify, Western Alliance, Alliance Bancorp, Palo Alto Networks, AMD, BofA, Global Banking, Markets Locations: Wells Fargo Wells, CY23, Basel

☆ Here are Tuesday's biggest analyst calls: Amazon, Tesla, Goldman Sachs, Meta, Salesforce, Boeing, Spotify & more
▼ + stars: | 2024-01-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan initiates Light & Wonder as outperform JPMorgan initiated the Australian gambling company with an overweight and said it has earnings momentum. Evercore ISI reiterates Meta as outperform Evercore said it's bullish on Meta heading into earnings later this week. " Evercore ISI reiterates Amazon as outperform Evercore said it's bullish heading into Amazon earnings later this week. We are upgrading Bank of America (BAC) to OW from EW, upgrading Citigroup (C) to OW from UW, upgrading Goldman Sachs (GS) to OW from EW, and upgrading BNY Mellon (BK) to EW from UW. Bank of America reiterates Uber as buy Bank of America raised its price target on the stock to $73 per share from $68.

Persons: Oppenheimer, Raymond James, CrowdStrike, Mizuho, Evercore, it's, Morgan Stanley, Instacart, Morgan, Goldman Sachs, Raymond James downgrades, McDonald's, Wells, Baird, Tesla, TSLA, BTIG, Jefferies, Masimo, MASI, Uber Organizations: Accenture, Mizuho, JPMorgan, Morgan Stanley, Bank of America, Citi, Citigroup, BNY Mellon, BK, UW, Trust, AMD, Salesforce Inc, UBS, Spotify, sss, Western Alliance, WAL, Boeing, Olema Oncology, Breast Cancer, " Bank of America, Netflix, Seaport Locations: OW, UW, Wells Fargo

☆ CrowdStrike CEO talks Microsoft's security breach and explains why Russian hackers are hard to beat
▼ + stars: | 2024-01-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

In a Monday interview with CNBC's Jim Cramer, CrowdStrike CEO George Kurtz discussed Microsoft 's high-profile security breach by a Russian intelligence group, saying these adversaries have a determined "low and slow" approach to hacking that's especially tough to beat. Thought to be part of the Russian foreign intelligence service SVR, Nobelium is also known as Midnight Blizzard and Cozy Bear. Nobelium has tried to breach the systems of U.S. allies as well as the Department of Defense. He said CrowdStrike uses its algorithms to string together these "low signals" and identify such adversaries. Kurtz added that CrowdStrike has been able to stop the group in the past, saying that some of Microsoft's customers seek additional support from his company.

Persons: CNBC's Jim Cramer, George Kurtz, Cozy Bear, Kurtz, it's, Nobelium, CrowdStrike Organizations: Microsoft, Nobelium, Midnight, Cozy, Department of Defense, SolarWinds Locations: Russian, U.S, China

☆ Crowdstrike's Kurtz: Cybersecurity is a hard problem and one company can't solve it all
▼ + stars: | 2024-01-22 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrowdstrike's Kurtz: Cybersecurity is a hard problem and one company can't solve it allGeorge Kurtz, CEO & co-founder of CrowdStrike, joins CNBC's "Mad Money" to discuss why cybersecurity issues have moved from the backroom to the boardroom.

Persons: Crowdstrike's Kurtz, Cybersecurity, George Kurtz

☆ Crowdstrike CEO George Kurtz on Microsoft hack and what it means for cybersecurity landscape
▼ + stars: | 2024-01-22 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrowdstrike CEO George Kurtz on Microsoft hack and what it means for cybersecurity landscape"Mad Money" host Jim Cramer and Crowdstrike CEO George Kurtz discuss a recent hack on Microsoft that originated in Russia, and how cybersecurity companies plan to deal with escalating threats.

Persons: George Kurtz, Jim Cramer Organizations: Microsoft Locations: Russia

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