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Shares of CrowdStrike Holdings Inc CRWD tanked in early trading on Tuesday.
CrowdStrike (CRWD) shares fell in intraday trading Tuesday, a day after the stock received a downgrade from Piper Sandler, which cited the cybersecurity firm's high valuation and shortage of near-term catalysts.
The downgrade of CrowdStrike is a valuation call, Piper Sandler says. Here's what you need to know.
Cathie Wood is the CEO of Ark Investment Management, which invests in innovative technology companies through its public and private funds. Wood says AI software companies will eventually generate $8 in revenue for every $1 spent on chips from suppliers like Nvidia.
CrowdStrike Holdings Inc. shares rose 50% in the first half of 2024 to rank as one of the best performers in the S&P 500 over that span.
CrowdStrike's revenue and profits are soaring on the heels of strong demand across both cybersecurity and artificial intelligence (AI). While CrowdStrike stock remains pricey, the premium appears warranted considering how fast the company is growing and its total market opportunity.
CrowdStrike's popularity allows the company to hire only the best of the best. A majority of the Fortune 100 use its Falcon platform.
CrowdStrike's (CRWD) new distribution deals with Ingram Micro, M3Corp and TEAM Mexico mark a significant step in its efforts to expand its footprint in the Latin American market.
The rise in cybercrime in recent years, driven by increased digitization and attackers deploying more advanced technologies, has increased investor interest in cybersecurity stocks for long-term growth. To put things into perspective, experts predict that the cost of cybercrime will reach $10.5 trillion annually by 2025.
Technology stocks remain hot with plenty of great options to choose right now. Cybersecurity, cryptocurrencies, social media and anything related to artificial intelligence (AI) have the attention of investors and analysts.
Cybersecurity company CrowdStrike Holdings, Inc. (CRWD) has become an industry superstar, recently earning a spot in the S&P 500.