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Cramer's Lightning Round: Zscaler is a buy
  + stars: | 2024-02-21 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Disney's year-to-date stock performance. Stock Chart Icon Stock chart icon Intuitive Machines' year-to-date stock performance. Stock Chart Icon Stock chart icon Zscaler's year-to-date stock performance. Stock Chart Icon Stock chart icon Ford's year-to-date stock performance. Stock Chart Icon Stock chart icon Unity Software's year-to-date stock performance.
Persons: Jim Cramer's Organizations: Unity Software
Lightning Round: Ford stock is 'stalled', says Jim Cramer
  + stars: | 2024-02-21 | 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 EmailLightning Round: Ford stock is 'stalled', says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Disney, Intuitive Machines, Zscaler, Super Micro Computers, Ford and Unity Software.
Persons: Jim Cramer Organizations: Micro Computers, Ford, Unity Software
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
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
Investors just received another reason to like Palo Alto Networks — the Club's favorite cybersecurity stock, which has been on fire. As these threats intensify for businesses, more customers are seeking out products and services like those offered by Palo Alto. "If the worst cybersecurity stock does well, what does it say about the best? Buy Palo Alto Networks," he said. Palo Alto Networks became the first cybersecurity stock to top a $100 billion market value late last year — a long-held goal by management.
Persons: there's, Nikesh Arora, Jim Cramer, Wall, Wednesday's Homestretch, Jim, hasn't, Jim Cramer's Organizations: Palo Alto Networks, Palo, Palo Alto, CNBC, Microsoft, Wall Street, JPMorgan, Alto Networks Locations: Palo Alto's, Palo, Russian
CNBC's Jim Cramer sees a turnaround brewing for cybersecurity firm Fortinet . Shares of Fortinet rose 3.5% after the company reported beats on fourth-quarter earnings and revenue. This was a relief after Fortinet dropped outlook bombs in November and August, which had dragged down the whole group back then. Shares of Palo Alto Networks rallied 6.5% Wednesday to another all-time high, while other competitors including Okta and Zscaler were higher as well. Palo Alto Networks is a holding in Cramer's Charitable Portfolio Trust, which is used as the portfolio for the CNBC Investing Club .
Persons: CNBC's Jim Cramer, Fortinet, billings, Cramer, Jim Organizations: Palo Alto Networks, Trust, CNBC, Club, Microsoft Locations: Palo, Russian
McDonald's posted adjusted earnings of $2.95 per share on $6.41 billion in revenue. Analysts had expected earnings of $2.82 per share and $6.45 billion in revenue, according to LSEG, formerly known as Refinitiv. Analysts polled by FactSet forecast earnings of $2.30 per share on $8.9 billion in revenue for the fourth quarter. The company posted adjusted earnings of 69 cents per share on revenue of $13.32 billion. Caterpillar reported adjusted earnings of $5.23 per share on revenue of $17.07 billion.
Persons: Goldman Sachs, McDonald's, Eli Lilly, Jim Umpleby, Estée Lauder —, Dali Rajic, , Macheel, Jesse Pound, Hakyung Kim, Alex Harring, Michelle Fox, Sarah Min, Darla Mercado Organizations: Nvidia, Novo Nordisk —, Novo Holdings, Novo Nordisk, Management, U.S . Food, Boeing —, Boeing, Tyson, Caterpillar, Air Products, Chemicals, Reuters Locations: Novo, U.S
Zscaler CEO Jay Chaudhry on cybersecurity in 2024
  + stars: | 2024-01-02 | by ( ) 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 EmailZscaler CEO Jay Chaudhry on cybersecurity in 2024Jay Chaudhry Zscaler CEO, joins 'Closing Bell Overtime' to talk cybersecurity risk ramping up and how to combat it.
Persons: Jay Chaudhry Locations: cybersecurity
The Club on Friday is changing the rating and price target on one of our favorite stocks, and updating the price targets on 5 other names in the portfolio to reflect recent quarterly earnings reports, new developments at the companies and broader economic forces. We're increasing our price target on shares of Palo Alto (PANW) to $300 from $280. We're raising our price target on shares of Salesforce (CRM) to $275 from $240. We're lowering our price target for Ford (F) stock to $13 from $16. We're lifting our price target on shares of Eli Lilly (LLY) to $630 from $600.
Persons: PANW, Ford, Linde's, Linde, Eli Lilly, it's, It's, Jim Cramer's, Jim Cramer, Jim Organizations: Palo, Palo Alto Networks, Costco, Ford, UAW, Management, Motors, GM, Linde, LIN, P Healthcare, donanemab, Novo Nordisk, Pfizer, CNBC Locations: Alzheimer's, Lilly, Santa Clara , California
Here's why Wedbush raised Zscaler's price target to $210
  + stars: | 2023-11-28 | 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 EmailHere's why Wedbush raised Zscaler's price target to $210Dan Ives, Wedbush Securities analyst, joins 'Squawk on the Street' to discuss Ives' thoughts on Zscaler's quarterly earnings results, why it's the start of a 'golden age' for the cybersecurity sector, and much more.
Persons: Dan Ives, Ives Organizations: Wedbush Securities
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2023. Multiple Fed policy voting members are scheduled to speak during the day, including Board Governors Christopher Waller and Michelle Bowman. Murphy & Sylvest's Nolte said investors were "digesting very, very strong gains for the month of November," referring to the declines. Declining issues outnumbered advancers for a 1.92-to-1 ratio on the NYSE and for a 1.63-to-1 ratio on the Nasdaq. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Paul Nolte, Sylvest, Governors Christopher Waller, Michelle Bowman, Murphy, Sylvest's Nolte, advancers, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, billings Boeing, RBC, Nasdaq, Federal Reserve, Murphy, Governors, Reuters, Dow Jones, Micron Technology, RBC Capital Markets, PDD Holdings, NYSE, Thomson Locations: New York City, U.S, billings, Bengaluru
The initial post-earnings decline in Zscaler (ZS) shares opened the door for investors to soon buy the cybersecurity stock, CNBC's Jim Cramer said Tuesday. "When the smoke clears ... go back in because cybersecurity is still the hottest area in the U.S. economy," Cramer said on "Squawk on the Street." Shares of Zscaler were about flat around noon ET at $191 each, well off their lows earlier in the session. However, Cramer said investors were disappointed, in part, by a 37% quarter-over-quarter decline in total billings growth. For Zscaler, Cramer said he's also looking past the billings metrics and more focused on the long-term opportunity for the company because digital security threats remain abundant.
Persons: Jim Cramer, cybersecurity, Cramer, Jim Cramer's, he's Organizations: Palo Alto Networks, Trust, CNBC Locations: Zscaler, U.S, billings
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2023. The rebound in equities in November has brought the S&P 500 (.SPX) within a very close range of its 2023 intra-day high. Multiple policy voting members are scheduled to speak during the day, including Board Governors Christopher Waller and Michelle Bowman. ET, Dow e-minis were up 14 points, or 0.04%, S&P 500 e-minis were down 1.75 points, or 0.04%, and Nasdaq 100 e-minis were down 16.25 points, or 0.1%. Boeing added 1.7% after RBC Capital Markets upgraded the aerospace company to "outperform" from "sector perform" and set a street-high price target.
Persons: Brendan McDermid, Governors Christopher Waller, Michelle Bowman, Susannah Streeter, Hargreaves Lansdown, Jefferies, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Governors, Dow e, Hargreaves, Conference, Boeing, RBC Capital Markets, Thomson Locations: New York City, U.S, United States, Bengaluru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailZscaler CEO on cybersecurity: We need to fight against AI, with AIJay Chaudhry, Zscaler CEO, joins 'Closing Bell Overtime' to talk quarterly results, what is driving the companies growth, cybersecurity and more.
Persons: Jay Chaudhry
Morning Bid: Stocks stall after VIX hits pre-COVID low
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +5 min
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. As U.S. markets return in earnest from the long Thanksgiving weekend, Friday's shortened session threw up a remarkable milestone. Ten-year Treasury yields hovered just under 4.50% first thing, about 10 basis points up from Wednesday's intraday low. Deutsche Bank on Monday said it expected a whopping 175bp of Fed rate cuts in 2024 as a mild recession there hits - leaving the policy rate at just 3.63% at yearend. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Brendan McDermid, Mike Dolan, Wall, Friday's, Jerome Powell, MSCI's, Christine Lagarde, Bernadette Organizations: New York Stock Exchange, REUTERS, Mike Dolan Global, Treasury, Federal Reserve, Fed, Deutsche Bank, Property, Zhongzhi Enterprise Group, Chaoyang Public Security, Health, Beijing, Exchange, Reuters, Beijing Stock Exchange, Dallas Fed, . Treasury, Central Bank, Sciences, Share, Graphics Reuters, Thomson Locations: New York City, U.S, China, yearend, Asia, European, Gaza, Beijing
Stock futures are flat Monday night as traders analyzed the strong gains seen throughout November and the trading month nears its end. S&P 500 and Nasdaq 100 futures were both near flat. The Dow and S&P 500 both finished Monday's session around 0.2% lower, while the Nasdaq Composite inched down nearly 0.1%. Monday's modest retreat comes near the end of November's strong trading month, which concludes with Thursday's close. The Dow and S&P 500 are on pace to finish the month 6.9% and 8.5% higher, respectively.
Persons: Zscaler, Thursday's, Shopify, Terry Sandven, Austan Goolsbee, Christopher Waller, Michelle Bowman Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Dow, Investors, Amazon, U.S, Bank Wealth Management, Federal Reserve, Chicago Fed Locations: New York City, U.S, billings
Zscaler's higher quarterly expenses outshine strong forecasts
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +2 min
Nov 27 (Reuters) - Zscaler (ZS.O) forecast quarterly revenue above analysts' estimates on Monday, but indications of strong cybersecurity spending were overshadowed by rising operating expenses. Shares of Zscaler fell more than 6% in after-hours trading as the cloud security company's operating expenses for the first quarter jumped by about 24% to $431.4 million. For the second quarter, Zscaler expects revenue between $505 million and $507 million, above analysts' average estimate of $496.7 million, according to LSEG data. Zscaler also raised its annual revenue and profit forecasts. The company's annual revenue is now estimated to be between $2.09 billion and $2.10 billion, compared to its previous forecast of $2.05 billion to $2.07 billion.
Persons: Jay Chaudhary, Remo Canessa, Zscaler, Arsheeya, Maju Samuel Organizations: Global, Gartner, Thomson Locations: California, Bengaluru
(Treasury yields tend to move inversely to stock prices; as yields fall investors seeking better returns move money back into the stock market). The chipmaker once again came into its quarterly print with super-high expectations on the Street, but once again exceeded them . For this reason, we put more emphasis on monthly economic releases, such as the aforementioned personal spending report. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Dow, Estee Lauder, Einstein, Jim Cramer's, Jim Cramer, Jim, Locker, Jeff Greenberg Organizations: Nasdaq, Federal Reserve, Treasury, Nvidia, Apple, TJX, Bank of Nova, Elbit Systems, Intuit, Hewlett Packard Enterprise, Hormel, Kroger, KR, Academy Sports, TD Bank, Royal Bank of Canada, Dell Technologies, Bank of Montreal, BMO, Jim Cramer's Charitable, CNBC, Universal, Getty Locations: Bank of Nova Scotia, AMBA
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 3 (Reuters) - Fortinet (FTNT.O) sank 23% and sparked a selloff in cybersecurity stocks with a dismal forecast that compounded fears of slowing client spending in an uncertain economy. Fortinet cut its annual revenue target on Thursday and said it expects current-quarter sales between $1.38 billion and $1.44 billion, below estimates of $1.50 billion, LSEG data showed. Growth is also slowing in some parts of the company's business as demand normalizes after two years of rapid growth during the pandemic. Overall, five brokerages downgraded the company and at least 14 analysts cut their price targets, pushing the median to $60, LSEG data showed. It currently trades at nearly 33 times its 12-month forward earnings estimates, compared with Palo Alto's 44.6 and CrowdStrike's 54.5.
Persons: Dado Ruvic, Raymond James, Keith Jensen, Samrhitha Organizations: REUTERS, Palo, Thomson Locations: Palo Alto, Bengaluru
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 3 (Reuters) - Fortinet (FTNT.O) sank nearly 18% and sparked a selloff in cybersecurity stocks with a dismal forecast that compounded fears of slowing client spending in an uncertain economy. The current losses, if they hold, were set to wipe out nearly $8 billion from the company's market value. Fortinet cut its annual revenue target on Thursday and said it expects current-quarter sales between $1.38 billion and $1.44 billion, below estimates of $1.50 billion, LSEG data showed. Overall, eight brokerages downgraded the company and at least 18 analysts cut their price targets, pushing the median to $59, LSEG data showed. Fortinet shares have risen nearly 18% this year.
Persons: Dado Ruvic, Raymond James, Keith Jensen, Samrhitha, Sriraj Kalluvila Organizations: REUTERS, Competition, Palo, Thomson Locations: Palo Alto, Fortinet, Bengaluru
Las Vegas Sands – The casino operator rose 3.8% after topping revenue estimates for the third quarter and pointing to a recovery in Macao and Singapore. Las Vegas Sands posted revenues of $2.8 billion, exceeding the $2.73 billion expected by analysts polled by LSEG. American Airlines — Shares advanced 2% midday even after the air carrier posted weaker-than-expected earnings and revenue for the third quarter . Netflix added 8.76 million subscribers in the quarter while analysts polled by StreetAccount forecast 5.49 million. Zscaler — Stock in the cloud security firm added 1% following an upgrade to buy from Jefferies on Thursday, citing upside to 2024 earnings estimates.
Persons: Tesla, Blackstone, LSEG, , Alex Harring, Hakyung Kim, Samantha Subin, Tanaya Macheel Organizations: Union Pacific, LSEG, Vegas Sands, Las Vegas Sands, LSEG . American Airlines —, Netflix, StreetAccount, Lam Research, Zions, Jefferies, Blackstone — Locations: Vegas, Macao, Singapore, Las, Atlantic, Pacific
"Based on our analysis, we see FIS as undervalued at 9x '24 P/E and upgrade to Overweight from Equal Weight." "We upgrade shares of KTB to Buy from Neutral and see 22% upside to our new $56, 12-month price target. Goldman Sachs upgrades Best Buy to buy from neutral Goldman said it sees multiple expansion for the electronic retailer. Can a 'growth stock' work if earnings don't grow in 2024? JPMorgan upgrades First Solar to overweight from equal weight JPMorgan said it sees an attractive entry point for the solar company.
Persons: Goldman Sachs, Goldman, Lee, Morgan Stanley, Tesla, Oppenheimer, it's bullish, Jefferies, CrowdStrike, we've, outperforming ytd, Bernstein, Disney, Wells Organizations: Street, Barclays, Fidelity National Information Services, Brands, Nike, Netflix, Disney, ESPN, Citi, Microsoft, UW, NA, Deutsche Bank, Starbucks, Deutsche, Bank of America, of America, JPMorgan Locations: destocking, Mexico, Wells Fargo, China, OW, Aptiv
The top 10 things to watch in the stock market Thursday
  + stars: | 2023-10-19 | by ( Jeff Marks | ) www.cnbc.com   time to read: +3 min
As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jerome Powell's, Goldman, Morgan Stanley's Adam Jonas, we've, Morgan Stanley, Crag Jelinek, Ron Vachris, Oppenheimer, Says, downgrades, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Treasury, Netflix, Vegas, Wynn Resorts, WYNN, Disney, Entertainment, Sports, ESPN, Bloomberg, Devon Energy, Costco, Jefferies, Deutsche Bank, Starbucks, Jim Cramer's Charitable, CNBC, Reuters Locations: Macao, Singapore, Los Angeles , California
Tesla — Shares of the electric vehicle manufacturer dropped more than 7% after it reported third-quarter earnings results that failed to impress investors. Zscaler — This cybersecurity company was also up nearly 2% in premarket trading, after Jefferies similarly upgraded it on Thursday, citing an improved growth outlook. First Solar — Shares added nearly 2% in premarket trading after JPMorgan upgraded the renewable energy company to overweight. Blackstone — The alternative asset manager fell 3% in premarket trading after Blackstone's third-quarter results came in below expectations. Las Vegas Sands — Shares popped more than 5% after Las Vegas Sands reported third-quarter revenue that topped expectations.
Persons: Goldman Sachs, Jefferies, Aptiv, Curtis Nagle, LSEG . Blackstone, Blackstone, Lam, FactSet, , Sarah Min, Jesse Pound, Samantha Subin Organizations: LSEG, Netflix, Goldman, JPMorgan, Bank of America, Wall Street, Vegas Sands, Lam Research Locations: LSEG, Vegas, Lam
An Exxon gas station sign is seen on October 06, 2023 in the Brooklyn borough of New York City. The Wall Street firm said the software stock is at an attractive entry point after its recent pullback. Exxon Mobil , Chevron , Occidental Petroleum — Energy stocks popped as oil prices rallied following the Hamas attack on Israel over the weekend. Blue Owl Capital — Shares of the investment company dropped 2.6% after Oppenheimer downgraded Blue Owl Capital to perform from outperform. Lockheed Martin — The aerospace and defense company saw shares rise about 4.5% in premarket trading following the surprise attack on Israel by Palestinian militant group Hamas over the weekend.
Persons: Walt, Nelson Peltz's, Trian's, Trian, Saket Kalia, Oppenheimer, Bristol Myers, Tesla, Lockheed Martin, — CNBC's Brian Evans, Lisa Kailai Han, Fred Imbert, Hakyung Kim, Yun Li, Tanaya Macheel, Pia Singh Organizations: Exxon, Walt Disney —, Street Journal, Management, JPMorgan, Spotify Technology, Barclays, Oracle, ISI, Exxon Mobil, Occidental Petroleum — Energy, Chevron, Occidental, Owl, Mirati Therapeutics, Bristol, Bristol Myers Squibb, China Passenger Car Association, Lockheed, Hamas Locations: Brooklyn, New York City, Chevron, Israel, China, Palestinian
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