Shares in all three companies popped on the news that they will be added to the main benchmark for U.S. equity performance. KKR, CrowdStrike and GoDaddy will replace Robert Half (RHI), Comerica (CMA) and Illumina (ILMN) in the S&P 500 on June 24, S&P Dow Jones Indices said in a statement Monday. Save up to 74% Sign up Analysts' takes on CRWD, KKR and GDDY Stocks tend to get a lift from inclusion in the S&P 500 because many trillions of passive dollars are held in products that track the index. The SPDR S&P ...

The endpoint security specialist will be joining one of the preeminent stock market indexes. Joining the S&P 500 To be eligible to join the S&P 500, a business must be a U.S.-based company with a market cap of at least $8.2 billion. Furthermore, at least 50% of its shares outstanding must be publicly traded, and the company must have been profitable in its most recent quarter and cumulatively profitable over the past four quarters. Just last week, the company continued its relentless trek higher. For its fi ...

Crowdstrike (NASDAQ:CRWD) will enter the S&P 500 on June 21 after the index is rebalanced. The cybersecurity company is entering the index alongside KKR (NYSE:KKR) and GoDaddy (NYSE:GDDY) as part of the quarterly update. Shuffling the Deck When the S&P adds companies to a bigger index, funds tied to the index buy the stock. When a stock is taken down from an index, however, investors sell shares. Crowdstrike is replacing the Dallas-based banking company Comerica (NYSE:CMA) on the index. Crowdstrike has been ...

Amid a Friday evening news dump, the S&P Dow Jones Indices announced that investment firm KKR & Co Inc (NYSE:KKR), cybersecurity platform CrowdStrike Holdings Inc (NASDAQ:CRWD), and domain marketplace GoDaddy Inc (NYSE:GDDY) will be joining the S&P 500 Index (SPX), effective June 24. Robert Half International (RHI), Comerica (CMA), and Illumina (ILMN) will leave the index, and are all lower this morning in response. Dell Technologies (DELL) and Palantir Technologies (PLTR) are also lower on the disappointme ...

takasuu CRWD Valuation Grade We previously covered CrowdStrike Holdings (NASDAQ:CRWD) in March 2024, discussing how the generative AI hype had gone into overdrive, as the global demand for generative AI-related services rose with the cybersecurity company also reporting an accelerated top/ bottom line growth. However, with the stock hitting frothy heights of over 90x in FWD P/E valuations and the market nearing extreme greed then, we believed that there might be more volatility in the near-term, with us sim ...

For its first quarter, CrowdStrike saw its revenue grow 33% to $921 million. That was well ahead of its earlier forecast for revenue of between $902.2 million to $905.8 million. Subscription revenue climbed 34% to $872.2 million. Its annual recurring revenue (ARR), which is the annualized value of its customer subscription contracts, rose 33% to $3.65 billion. Net new ARR in the quarter jumped 22% to $211.7 million. The company's adjusted earnings per share (EPS) surged from $0.57 a year ago to $0.93. It ha ...

Company Overview - CrowdStrike has established itself as a leading player in the cybersecurity sector, particularly in endpoint security, with its Falcon security suite designed to protect devices regardless of their location [5][10]. - The company has seen significant growth, with a reported revenue of $921 million in the fiscal first quarter, marking a 33% increase year-over-year [14]. Financial Performance - Operating expenses grew at a slower pace, resulting in $7 million in operating income, and the company achieved a net income of $43 million, a substantial increase from $491,000 in the same quarter last year [7]. - Management forecasts revenue between $958 million and $961 million for the fiscal second quarter, indicating a 31% year-over-year increase, although this represents a slight slowdown from previous growth rates [15]. Market Position and Valuation - The global cybersecurity market is projected to grow from $132 billion in 2023 to $425 billion by 2030, reflecting a compound annual growth rate of 14% [12]. - CrowdStrike's price-to-sales (P/S) ratio stands at 26, which, while below its five-year average of 30, is significantly higher than competitors like Zscaler, Okta, and Palo Alto Networks [18]. Customer Engagement - Approximately 65% of CrowdStrike's customers subscribe to at least five modules, with deals involving eight or more modules increasing by 95% year-over-year, indicating strong customer engagement and demand for comprehensive security solutions [13]. Investment Considerations - Despite the company's growth trajectory, its elevated valuation may pose risks for new investors, as sentiment could shift negatively, impacting stock performance [3][4][16]. - A dollar-cost averaging approach is suggested for potential investors to mitigate risks associated with current stock prices [2].

The duo has also grown rapidly since their IPOs. CrowdStrike went public in 2019, and its revenue increased at a compound annual growth rate (CAGR) of 65% from fiscal 2019 to fiscal 2024 (which ended this January). Zscaler went public in 2018, and its revenue rose at a CAGR of 53% from fiscal 2018 to fiscal 2023 (which ended last July). CrowdStrike (CRWD 2.54%) and Zscaler (ZS 1.15%) both recently posted strong quarterly reports that exceeded analysts' expectations on the top and bottom lines. Both cybersec ...

Investors can look beyond Nvidia to find artificial intelligence (AI) opportunities thanks to the industry's rapid expansion. But the AI industry is expanding quickly, and investors have a growing number of opportunities to consider. CrowdStrike (CRWD 2.54%), for example, is a leader in AI-based cybersecurity, and its products have become an essential part of the software stack for businesses of all sizes. CrowdStrike's strategy is resonating with customers That has been CrowdStrike's strategy from the star ...

Doing the opposite of what everyone else is doing is how you can handsomely profit from the "wisdom" of crowds. Right now, the VIX sits right around 13, which suggests bullishness (between 0 and 15 is a bullish sentiment). Arguably, direction is more important than location. Which way the index is heading can reveal more about investor mindset than where it is at any given moment. Today, the VIX is falling. According to the VIX, retail investor enthusiasm remains upbeat today. Other indices, such as the CNN ...