On June 4, CrowdStrike laid a lot of concerns to rest by reporting results for its first quarter of fiscal year 2025, ended April 30, 2024. Management had guided for revenue of $906 million, at best. But the company delivered revenue of $921 million, which was a strong 33% jump from the prior-year period. Shares of cybersecurity company CrowdStrike (CRWD 0.44%) scored a 50.1% gain in the first half of 2024, according to data provided by S&P Global Market Intelligence. The bulk of the stock's gains came last ...

Cybersecurity firms minimize the risk and allow people to use the internet in a safe and secure manner. These companies shield businesses from cyber criminals. Cybersecurity professionals use software to detect and address issues before they get serious. Crowdstrike (NASDAQ:CRWD) has been outperforming the stock market for several years. Shares are up by 58% year-to-date (YTD) and have soared by 480% over the past five years. The cybersecurity giant is a recent addition to the S&P 500 and continues to deliv ...

CrowdStrike Holdings (CRWD) closed the most recent trading day at $370.43, moving -1.07% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.88%. Elsewhere, the Dow gained 0.08%, while the tech-heavy Nasdaq lost 1.95%. The cloud-based security company's stock has dropped by 3.34% in the past month, falling short of the Computer and Technology sector's gain of 9.48% and the S&P 500's gain of 5.11%. Market participants will be closely following the financial resul ...

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The cybersecurity sector is rapidly transforming, marked by an increasingly sophisticated and persistent threat from cybercriminals. As businesses become increasingly reliant on digital infrastructure, the consequences of a successful cyberattack are becoming more severe, impacting financial stability, operational continuity, and corporate reputation. This environment presents a compelling investment opportunity for investors seeking exposure to a resilient and rapidly growing industry. Key Trends Driving C ...

In other industry news of interest: Scope Carbon Corp. (CSE:SCPE) (OTCQB:SCPCF) to Acquire Advanced Quantum Security Technology to Fortify Data Protection - Scope Carbon Corp. ("Scope" or the "Company") is pleased to announce that it has entered into technology agreement dated July 9, 2024 (the "Technology Agreement") with Ovryde Ltd. ("Ovryde") whereby Ovryde has agreed to transfer its ownership and rights relating to delivery and application of quantum resilient entropy (the "QSE Technology"). Quantum res ...

The prediction for its business trajectory is straightforward. But another factor is more unpredictable. As of this writing, shares of cybersecurity company CrowdStrike (CRWD 0.65%) are trading at nearly $400, which is an all-time high. It's been a sensational ride for shareholders over the last five years, with the stock gaining nearly 500%. But I know this doesn't matter to anyone right now. Everyone just wants to know what will happen over the next five years. Of course, there's no way to say with certai ...

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Loading... While the company's underlying momentum and competitive positioning remain the same, its stock has "risen to the highest revenue multiple of any public software company above $75B in market cap," according to Piper Sandler. Check out other analyst stock ratings. "We remain excited about the second act for CRWD, as the company undeniably has a multitude of opportunities ahead with cloud, identity, logging / SIEM, and IT as its best of breed, cloud-native architecture truly differentiates the platf ...

CrowdStrike was downgraded by Piper Sandler because of its high valuation and lack of near-term catalysts. Analysts lowered their rating to "neutral" from "overweight." Piper Sandler pointed to CrowdStrike's record-high stock price and said the benefits from its opportunities ahead are already baked into that. Piper Sandler lowered its rating to "neutral" from "overweight," keeping unchanged its price target of $400. CrowdStrike shares recorded an all-time closing high of $392.15 Monday. The analysts said t ...