CrowdStrike Holdings (CRWD) closed the most recent trading day at $527.32, moving +1.02% from the previous trading session.
CrowdStrike (CRWD) is rated a "Strong Buy" due to aggressive innovation, robust financials, and leadership in AI-powered cybersecurity. Recent partnerships, global expansion, and new AI products like Threat AI reinforce CRWD's brand and growth prospects despite intense competition. Valuation is high but justified by rapid earnings growth, strong execution, and sector leadership, with risks mitigated by a solid cash position.
Spending on cybersecurity remained resilient in the third quarter, with enterprise budgets running ahead of last year's pace and government shutdown fears turning into a surprise tailwind for deal activity, according to a Wedbush report. Roughly 86% of corporate cyber budgets have been used so far this year, compared with about 67% at this point in 2024, Wedbush said, suggesting more companies are locking in long-term security contracts despite tighter IT spending elsewhere.
CrowdStrike stock (NASDAQ: CRWD) has climbed 12% over the past month, fueled by optimism following its mid-September investor day. At that event, the company issued long-term guidance that exceeded analyst expectations, projecting net new Annual Recurring Revenue (ARR) growth of at least 20% in fiscal year 2027 and setting a target of $10 billion in ARR by FY2031.
Holding spots on the coveted Zacks Rank #1 (Strong Buy) list, investors may have been looking for a pullback in these three hot tech stocks.
Does CrowdStrike Holdings (CRWD) have what it takes to be a top stock pick for momentum investors? Let's find out.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
CRWD's 28% rally outpaces peers as Falcon Flex adoption and AI alliances with NVIDIA, Salesforce, and Meta fuel growth.
CrowdStrike Holdings (CRWD) closed the most recent trading day at $484.62, moving 2.28% from the previous trading session.
CRWD's faster growth, AI-driven edge, and expanding Falcon platform make it a stronger pick over OKTA.
Many investors are focused on the artificial intelligence (AI) trade for good reasons. This is the most significant technology transformation in 30 years, and it's still in its early stages.
CrowdStrike stands out as a leading cybersecurity provider, benefiting from robust industry growth and increasing global cyber threats. CRWD's cloud-based Falcon platform drives strong sales growth and maintains premium gross margins, despite a major operational incident in July 2024. The July 2024 incident pressured operating and net income margins, but recent quarters show early signs of margin recovery and continued cash flow strength.