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☆ Top Wall Street analysts say these stocks have the best growth prospects
▼ + stars: | 2023-09-15 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five such stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Further, the company continues to invest in AI and sees huge growth potential for its AI-powered features. The analyst noted that the company achieved strong growth in new products under its Identity, Cloud, and LogScale Security Information and Event Management (SIEM) offerings. Nevertheless, he feels that this pullback has created an attractive opportunity to buy CMG stock based on multiple positive catalysts that could emerge in the months ahead. Tarantino reaffirmed a buy rating on CMG stock with a price target of $2,400.

Persons: Wall, TD Cowen, Shaul Eyal, Zscaler, Eyal, Needham, Alex Henderson, Henderson, TipRanks, Baird, David Tarantino, Tarantino, LULU, Robert Drbul, Lulu, Drbul Organizations: Nasdaq, Investments, CrowdStrike, Security, Management, Charlotte, Microsoft, Grill, Lululemon Athletic, Guggenheim, Acushnet Locations: cybersecurity, Mexican, North America, China, Greater China

☆ Morgan Stanley downgrades CrowdStrike ahead of earnings
▼ + stars: | 2023-08-28 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Morgan Stanley is worried about CrowdStrike ahead of the company's latest earnings report this week. "Another cut to consensus CY23/24 annual recurring revenue estimates seems likely, while risk-reward seems more balanced now." CrowdStrike, which is set to report earnings Wednesday after market close, has gained more than 23% in the past six months. Amazon Web Services, which CrowdStrike's largest go-to market partner and accounts for 10% of its annual recurring revenue, Limited upside in free cash flow: Customers are increasingly desiring annual upfront payments. With management planning towards $10 billion annual recurring revenue longer term, the analyst expects necessary investment in new product categories, like security analytics, that should result in modest operating leverage over the next few years.

Persons: Morgan Stanley, Hamza Fodderwala, Fodderwala, CNBC's Michael Bloom Organizations: Companies, Web Services Locations: CrowdStrike

☆ Stocks making the biggest moves premarket: 3M, CrowdStrike, Xpeng and more
▼ + stars: | 2023-08-28 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Xpeng — U.S.-traded shares of the Chinese electric vehicles company jumped 5% Monday premarket. Xpeng announced it would buy Didi's smart electric car business in a deal worth $744 million. Mister Car Wash — The car wash stock climbed 5.7% in premarket trading following an upgrade to overweight from neutral by Piper Sandler. The firm said Mister Car Wash has upside potential over the next two years. CrowdStrike — Shares of the cybersecurity company fell 2.6% in premarket trading after Morgan Stanley downgraded CrowdStrike to equal weight from overweight.

Persons: Xpeng, Piper Sandler, CrowdStrike, Morgan Stanley, Akero, Conor Flynn, Danaher, —, Jesse Pound, Sarah Min, Alexander Harring Organizations: Shanghai International Automobile Industry, National Exhibition, Convention Center, —, Bloomberg News, UBS, RPT, Kimco Realty, Boston, Boston Scientific Locations: Shanghai, China, Xpeng —

[1/2] Miniatures of people with computers are seen in front of North Korea flag in this illustration taken July 19, 2023. North Korea has previously denied organizing digital currency heists, despite voluminous evidence - including U.N. reports - to the contrary. “North Korea in my opinion is really stepping up their game,” said Hegel, who works for U.S. firm SentinelOne. The cybersecurity-focused podcast Risky Business earlier this week cited two sources as saying that North Korea was a suspect in the intrusion. "I don't think this is the last we'll see of North Korean supply chain attacks this year," he said.

Persons: Dado Ruvic, ”, JumpCloud, CrowdStrike, Adam Meyers, Tom Hegel, wasn't, Hegel, cryptocurrency, Chainalysis, CrowdStrike's Meyers, Christopher Bing, Raphael Satter, James Pearson, Michelle Nichols, Anna Driver, Bernadette Baum Organizations: REUTERS, WASHINGTON, American IT, Reuters, CrowdStrike Holdings, North, United Nations, U.S, FBI, Thomson Locations: North Korea, Korean, American, Louisville , Colorado, North Korean, New York, Korea, “ North Korea, The U.S, Washington, London

☆ CrowdStrike CEO calls generative AI an 'arms race,' but says company is positioned well to face adversaries
▼ + stars: | 2023-06-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CEO of cybersecurity firm CrowdStrike George Kurtz told CNBC's Jim Cramer on Thursday that his company is ready to take on "adversarial AI," or antagonists — often outside of the country — who use AI technology to hack into systems for nefarious purposes. Kurtz stressed that his company has been working to fight these adversaries for some time, and that their intelligence and strength should not be underestimated. "Nation-state adversaries are using the same technologies — generative AI and other techniques — to try and defeat systems," he said. "So, it's one of those areas you have to have the best AI, you have to have the best data set, which we believe this kind of human-annotated information that we have to be able to train our generative AI algorithms, but yeah — it's an arms race, and we think we're positioned well." The legacy technologies were not capable of stopping breaches, he said, adding that many of their incident response engagements are Microsoft customers.

Persons: CrowdStrike George Kurtz, CNBC's Jim Cramer, —, Kurtz, it's, CrowdStrike's Organizations: U.S . Department of Defense, Microsoft

☆ Here's what earnings from industry rivals mean for two Club names
▼ + stars: | 2023-06-01 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

And that's what we care most about as investors in the cybersecurity industry since February, when we first took a position in Palo Alto . "We don't see the demand for cybersecurity slowing down.," Palo Alto CEO Nikesh Arora told CNBC Thursday. Palo Alto last week delivered a quarterly beat, while raising its full-year earnings guidance . We prefer Palo Alto over CrowdStrike for multiple reasons, including the former's profitability profile, its leading multi-platform approach and Arora's deft leadership. With ample growth still ahead, we're staying long Palo Alto.

Persons: Palo, Nordstrom, Macy's, Jeff Gennette, Gennette, Wednesday's, Erik Nordstrom, —, CrowdStrike, Burt Podbere, Podbere, Nikesh Arora, we're, Jim Cramer's, Jim Cramer, Jim, Daniel Acker Organizations: Nordstrom, TJX Companies, Palo Alto Networks, Marshalls, Palo, CNBC, Palo Alto, TJ Maxx, Bloomberg, Getty Locations: New York, U.S, Palo Alto, CrowdStrike, Peoria , Illinois

Macy's also slashed its full-year earnings and sales guidance, after "demand trends weakened" for discretionary items in March. Dollar General — Shares tumbled 9% after the company reported an earnings and revenue miss for the first quarter. The lingerie retailer reduced its full-year revenue guidance in the low-single digits range from the prior mid-single digit range estimates. Veeva also raised its full-year earnings per share guidance by 26 cents. The company's full-year revenue guidance also topped analysts' estimates.

Persons: Nordstrom, Nordstrom's, Salesforce, Okta, Okta's, Macy's, CrowdStrike's, Refinitiv, Veeva, Macheel, Samantha Subin, Jesse Pound, Michelle Fox Organizations: BMO Capital, Saudi Arabia's Public Investment Fund, Chewy, —, JPMorgan, CSX, UBS, Systems Locations: New York City, Canada

☆ CrowdStrike shares tumble as revenue shows signs of slowing
▼ + stars: | 2023-05-31 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

CrowdStrike reported first-quarter earnings results for its fiscal 2024 year Wednesday, beating consensus estimates on the top and bottom lines but sending shares down more than 11% after hours on slowing revenue growth. : 57 cents, adjusted, vs. 51 cents expected. Revenue: $692.6 million, vs. $676.4 million expected. CrowdStrike swung to a profit of $500,000, or breakeven per share, compared with a loss of $31.5 million, or 14 cents a share, a year ago. The company offered current quarter guidance of $717.2 million to $727.4 million, compared with a consensus range of $698 million to $742 million.

Persons: CrowdStrike, George Kurtz, Burt Podbere, Kurtz Organizations: Revenue, Nasdaq, Microsoft, U.S . Navy, National Security Agency, U.S . Department of Justice Locations: cybersecurity, China, U.S, Guam

☆ Top Wall Street analysts say buy these stocks amid the latest macroeconomic uncertainty
▼ + stars: | 2023-04-16 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Domino'sWall Street analysts are focusing on companies that are well-positioned to navigate the ongoing economic turmoil and emerge stronger. Here are five stocks chosen by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Moskowitz holds the 237th position among more than 8,300 analysts followed by TipRanks. Costco recently reported 0.5% growth in its March sales to $21.71 billion, with its comparable sales declining 1.1% year-over-year. Saleh reiterated a buy rating on Domino's with a price target of $400.

☆ Top Wall Street analysts pick these five stocks for the long term
▼ + stars: | 2023-03-19 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Given the ongoing uncertainty, turning to stock market experts to pick attractive stocks for the long term could be a good decision. Allegro expects to flourish in these two key markets and to deliver low-double-digit percentage revenue growth from fiscal 2023 to 2028. CrowdStrike's adjusted earnings per share for the fourth quarter of fiscal 2023 (ended Jan. 31) increased 57%, fueled by revenue growth of 48%. The company's adjusted EPS grew 8% and came ahead of Wall Street's expectations, while revenue growth of 18% fell short of estimates. Nonetheless, Oracle is optimistic about the solid potential of its cloud business, which delivered 45% revenue growth in the fiscal third quarter.

☆ I'm absolutely more worried about the banks than conflict with Russia, says CrowdStrike's Alperovitch
▼ + stars: | 2023-03-17 | 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 EmailI'm absolutely more worried about the banks than conflict with Russia, says CrowdStrike's AlperovitchCrowdStrike's Dmitri Alperovitch joins CNBC's Eamon Javers and the 'CNBC Special: Taking stock' to discuss the Russian fighter colliding with a U.S. drone over the Black Sea and the threat of a serious banking crisis.

☆ CrowdStrike eyes strong annual revenue as cybersecurity spending holds up
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +1 min

March 7 (Reuters) - CrowdStrike Holdings Inc (CRWD.O) forecast fiscal year 2024 revenue above market estimates on Tuesday, the latest sign that spending on cybersecurity products was holding up in a turbulent economy. Rival Palo Alto Networks Inc (PANW.O) raised its annual profit forecast last month and beat estimates for quarterly earnings, saying it expects cybersecurity demand to be resilient. For the fourth quarter ended Jan. 31, CrowdStrike's revenue rose 48% to $637.4 million compared with a year earlier. CrowdStrike's net loss for the fourth quarter widened to $47.5 million from $42 million a year earlier. The company said it expects fiscal year 2024 revenue between $2.96 billion and $3.02 billion, compared with analysts' estimates of $2.96 billion, according to Refinitiv data.

☆ The attack in Ukraine took a lot of the cyber focus off China, says CrowdStrike's sr. vp of intelligence
▼ + stars: | 2023-03-03 | 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 attack in Ukraine took a lot of the cyber focus off China, says CrowdStrike's sr. vp of intelligenceCrowdStrike’s Adam Meyers joins Eamon Javers and the 'CNBC Special: Taking Stock' to discuss the real-world cyberthreats we face across the globe.

☆ Why Josh Brown likes this high-beta cybersecurity stock
▼ + stars: | 2023-02-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Cybersecurity stocks got a lift on Wednesday, but for Ritholtz Wealth Management CEO Josh Brown there's one name that stands out: CrowdStrike. Shares rallied about 4% during afternoon trading on Wednesday after competitor Palo Alto Networks blew past earnings expectations after the bell Tuesday. Goldman Sachs recently initiated coverage of the stock with a buy rating, along with Check Point , Fortinet and Palo Alto Networks. It's now three years ahead of the profitability goals it laid out in 2021, Palo Alto Network's CEO Nikesh Arora said. Morgan Stanley believes Palo Alto Networks will keep moving higher after its earnings results.

☆ RBC gives its top picks for 2023, including a surprising automaker
▼ + stars: | 2023-01-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

In that note, RBC shared its quarterly refresh of its top 30 "high-conviction, long-term ideas," which includes global names with an outperform rating by RBC analysts. Recovery in individual portfolios may be slow-moving, but RBC's top picks have a track record of beating the global market. The firm's price target on Ferrari implies about 32% upside. Cybersecurity stock Palo Alto Networks has the highest potential return of the group, with a price target of $233. The firm has a $165 price target on the stock, nearly 60% greater than Tuesday's closing price.

☆ Crowdstrike Holdings warning sparks selloff in cybersecurity stocks
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

Nov 30 (Reuters) - A warning from Crowdstrike Holdings Inc (CRWD.O) that clients were cutting back on spending and delaying purchases due to an economic slowdown slammed cybersecurity stocks on Wednesday, inflicting fresh pain on the battered sector. "Increased macroeconomic headwinds elongated sales cycles with smaller customers and caused some larger customers to pursue multi-phase subscription start dates," Crowdstrike Chief Executive Officer George Kurtz said. The results are the latest in a series of dour reports from cybersecurity firms, whose business boomed during the pandemic but is now seeing a slowdown, making them a hot target for private equity buyouts. "Resilient, but not immune is a theme that will likely dominate the narrative during our October quarter-cohort earnings cycle," Piper Sandler analysts said. Still, some analysts see long-term benefits from the rising demand for cybersecurity as more businesses take to the web and high-profile hacks force companies to be more cautious.

☆ Shares of CrowdStrike fall after 'disappointing' earnings, Morgan Stanley says buy the dip
▼ + stars: | 2022-11-30 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

CrowdStrike shares fell more than 17% in premarket trading Wednesday, a day after the cybersecurity company reported third-quarter results that said new revenue growth was weaker than expected. More than $198 million was net new ARR added in the quarter, which ended Oct. 31. Last year, CrowdStrike's ARR increased by more than 67% in the third quarter, and the company added 1,607 net new subscription customers for that same period. Analysts at Morgan Stanley also said CrowdStrike's results were "disappointing," but they said estimates did not reflect the current macroeconomic environment. An analyst at Stifel said CrowdStrike's results were "disappointing" and downgraded the stock from buy to hold.

☆ CrowdStrike shares tumble on weaker-than-expected growth in new revenue
▼ + stars: | 2022-11-29 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

CrowdStrike shares plunged 18% in extended trading on Tuesday after the cybersecurity company reported third-quarter results that top estimates but said new revenue growth was weaker than expected. More than $198 million was net new ARR added in the quarter, which ended Oct. 31. The company also added 1,460 net new subscription customers for the quarter. Last year, CrowdStrike's ARR increased by more than 67% in the third quarter, and the company added 1,607 net new subscription customers for that same period. Prior to the after-hours move, shares of CrowdStrike were down more than 32% so far this year.

☆ A tech rebound may be needed for a full market recovery. These are the stocks that could lead
▼ + stars: | 2022-11-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

The S & P 500, meanwhile, is down 15.5% this year, dragged down by the communication services and information technology sectors, along with consumer discretionary. The Nasdaq is up 6% in the fourth quarter, while the S & P 500 has surged 12% in that time. But, some investors think tech's cooperation will be needed for the market to bounce back from this bear market. "[Tech stocks] have to participate, they have to move up to get a big market move," the company's co-chief investment officer said. Tech stocks that could lead Given this backdrop, CNBC Pro searched for stocks in the Nasdaq 100 — which is made up of the 100-largest Composite stocks — that could lead tech out of its rut.

☆ CrowdStrike's modular format appeals to customers facing economic downturn
▼ + stars: | 2022-09-26 | 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's modular format appeals to customers facing economic downturnCrowdStrike Co-Founder and CEO, George Kurtz joins 'TechCheck' to discuss the appeal of CrowdStrike's modular format for companies looking to consolidate, their recent acquisitions, and the scope of vulnerabilities facing cybersecurity.

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