Latest news with #Crowdstrike
Yahoo
20 hours ago
- Business
- Yahoo
CrowdStrike (CRWD) Price Target Raised to $515 as AI Cybersecurity Demand Soars
We recently published a list of . In this article, we are going to take a look at where CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stands against other AI stocks on Wall Street's radar. On June 2nd, Rosenblatt analyst Catherine Trebnick raised the price target on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) to $515.00 (from $450.00) while maintaining a 'Buy' rating. The price target revision reflects the firm's optimism about Crowdstrike's future financial outlook. According to the analysts, the growing trend toward IT consolidation is improving Crowdstrike's performance. Annual recurring revenue (ARR) and revenue growth are anticipated to align with market estimates, projecting a 21% and 20% increase, respectively. The firm further noted how businesses, despite being careful with spending, are choosing Crowdstrike for its comprehensive AI-powered security solutions. Security personnel at their consoles, monitoring a global network of threats in real-time. Crowdstrike's Q1 report is anticipated today, June 3rd, with analysts estimating an 'inline to marginally better quarter, fueled by the persistent IT consolidation trend.' The firm also noted how its increased target multiple on the shares is backed by the 31% expansion in cybersecurity sector multiples over the past two months, as well as optimism in Crowdstrike's 'strong execution and broad platform tailored to the key IT consolidation trend.' CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
CNBC
2 days ago
- Business
- CNBC
CrowdStrike CEO talks DOJ inquiry: 'We stand by the accounting of those transactions'
In a Wednesday interview with CNBC's Jim Cramer, CrowdStrike CEO George Kurtz indicated the cybersecurity outfit is confident in its finances as it faces a government inquiry about information related to a massive outage last year, along with deals and other matters. '"Someone asks a question, we're going to cooperate. It's an inquiry, and we'll give them the answers they need and, and we'll go from there," Kurtz said. "We stand by the accounting of those transactions." Last July, CrowdStrike suffered a major IT outage that disrupted businesses around the world, including airlines, hospitals and financial services firms. CrowdStrike attributed the issues to a faulty software update, "not a security incident or cyberattack," Kurtz said at the time. Crowdstrike released its quarterly report Tuesday night, which sent shares plummeting during Wednesday's session, down 5.77% by close. Although the company posted solid earnings and revenue, it disappointed Wall Street with a weaker-than-expected revenue forecast for the current quarter. Kurtz told Cramer that customers have been sticking with the company despite the outage, saying CrowdStrike has seen a 97% retention rate. He also explained that the company's package to help customers and partners deal with the issue lead to an $11 million loss in the quarter. "I think we handled it the right way, I think customers respect us for that," Kurtz said. "And, ultimately, we gained greater intimacy with those customers, and they're buying more through Falcon Flex." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
CNBC
2 days ago
- Business
- CNBC
Three Stock Lunch: Crowdstrike, Microsoft and Tesla
Eddie Ghabour, Key Advisors Wealth Management managing partner, joins 'Power Lunch' to discuss Ghabour's investing take on three stocks: Crowdstrike, Microsoft and Tesla.
TechCrunch
2 days ago
- Business
- TechCrunch
CrowdStrike's former CTO on cyber rivalries and how automation can undermine security for early-stage startups
'One of the biggest vulnerabilities in companies is actually humans,' Crowdstrike co-founder and former CTO Dmitri Alperovitch told TechCrunch in this week's episode of Equity. 'The more you automate, the more opportunities there are for people to find vulnerabilities in your system.' With the $50 billion Chinese AI market potentially slipping out of reach for U.S. chipmakers like Nvidia, and with cyber threats escalating from state actors and criminal groups alike, it's a strong reminder of how tightly tech, security, and geopolitics are intertwined. On TechCrunch's Equity podcast, Rebecca Bellan sits down with Alperovitch, who is chairman of the Silverado Policy Accelerator, to talk about the evolving cybersecurity landscape, the role of startups, and why he says we're living in a World on the Brink. Listen to the full episode to hear about: What early-stage secure-by-design startup founders are missing when it comes to maintaining security while building quickly and crisis management. How AI export controls and global rivalries are reshaping innovation. What investors are really looking for when backing cybersecurity startups today. Equity will be back Friday with a behind-the-scenes look at TC Sessions: AI, so don't miss it! Equity is TechCrunch's flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday. Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes here.
Yahoo
6 days ago
- Business
- Yahoo
Dollar Tree, Lululemon, layoffs, and jobs numbers: What to watch in the stock market this week
It's a new month, and investors are heading into it amid fresh inflation data and rising pessimism that's dominating headlines. With the Fed's next meeting now just weeks away, all eyes will be on Friday's jobs report, which could shape expectations for rate cuts this summer. At the same time, President Trump's legal battles continue to reverberate throughout the market, just as a whopping 83% of of CEOs say they're bracing for a downturn. Add in jobs data and earnings from a host of consumer names like Lululemon (LULU), MongoDB (MDB), HP (HPQ), and Dollar Tree (DLTR), and the first week of June looks unlikely to be lacking in storylines. Here's what to watch: Campbell's Company – parent of popular shelf staples including Prego and Goldfish – will release earnings before the market opens, with a conference call scheduled for 8:00 a.m. ET. Analysts are expecting revenue of approximately $2.43 billion, reflecting 2% growth. On the macro side, at 10:00 a.m. ET, the U.S. Census Bureau will release the April 2025 Construction Spending report. This data provides insights into the health of the construction sector, which can influence economic growth projections and decision-making in closely related industries from real estate to manufacturing. Tuesday brings a greater mix of significant earnings reports and economic data releases that could sway market sentiment. Cybersecurity firm Crowdstrike (CRWD) will share Q1 2026 earnings after the market closes. Analysts are closely watching for updates following the company's recent announcement to cut approximately 5% of its workforce in one more corporate bid for AI-flavored 'operational efficiency.' HP and Dollar General (DG) also report. The discount retailer is mid-turnaround, with its stock price recovering around 30% this year but still well off 52-week highs. Looking to the hard-economics side, expect BLS data on job opening and labor turnover at 10:00 a.m., alongside the Census Bureau's Factory Orders and the OECD's globe-spanning Economic Outlook. Wednesday brings another dose of retail and tech earnings. Dollar Tree will report before the bell. With roughly 40% of its inventory sourced from China, investors will parse the results for tariffs' effects on retail. After the close, MongoDB and Five Below (FIVE) release their results, too. MongoDB's earnings will offer a read on enterprise software spending amid a 40% drop in the company's stock price since last year. Five Below's report should reveal whether tween-and-teen discretionary spending on pool noodles, inflatable chairs, and Disney-branded collectibles is still chugging along. Economic data hits early, with the ADP private payrolls report for May landing around 8:15 a.m. ET, an important preview of government jobs numbers due later in the week. At 9:45 a.m., the final read on S&P Global's U.S. Services PMI offers a snapshot of activity in the economy's biggest sector, followed at 10:00 by the Census Bureau's manufacturing shipments and inventory data. Thursday's earnings lineup features Lululemon and DocuSign, both reporting after the bell. Lululemon's results will shed light on a very important athleisure-maxi-dress debate (subject of much TikTok controversy), as well as international growth and inventory levels. DocuSign, meanwhile, will be watched for clues on whether demand for e-signatures and contract management is holding up in a tight corporate spending environment. Analysts expect modest growth but remain wary of margin pressures and customer churn. The macro calendar launches at 8:30 a.m. ET with revised productivity and labor cost data for Q1, which gives context regarding wage-inflation trends. Also at 8:30, the Census Bureau's international trade report for April provides a look at goods and services flows amid the trade wars. Both reports could sway expectations heading into Friday's closely watched jobs release. Friday is a pivotal day for markets. No major earnings releases are scheduled, but the U.S. Bureau of Labor Statistics will release the May Employment Situation report at 8:30 a.m. ET. Expect a comprehensive look at job growth, unemployment rates, and the overall health of the job market. For the latest news, Facebook, Twitter and Instagram.
