On September 19, 2023, CrowdStrike, a prominent player in cloud security, made a significant announcement. The company revealed its plans to acquire Bionic, a trailblazer in Application Security Posture Management (ASPM). By incorporating ASPM into CrowdStrike’s Cloud Native Application Protection Platform (CNAPP), this acquisition aims to enhance their existing capabilities. The integration of Bionic’s expertise will enable CrowdStrike to offer comprehensive risk visibility and protection across the entire cloud ecosystem, encompassing both the infrastructure and the applications and services within it. This strategic move positions CrowdStrike as the first cybersecurity firm to provide end-to-end cloud security, covering the entire code-to-runtime spectrum, all within a single unified platform. While the financial details of the agreement remain undisclosed, this acquisition marks a significant milestone for both CrowdStrike and Bionic.
CrowdStrike Holdings, Inc.
CRWD
Buy
Updated on: 19/09/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
CRWD Stock Performance and Analysis: September 19, 2023
CRWD (CrowdStrike Holdings Inc) stock had a mixed performance on September 19, 2023. The stock opened at $164.54, slightly lower than the previous day’s closing price of $166.95. Throughout the day, the stock traded in a range of $164.32 to $168.62.
The trading volume for the day was relatively low, with only 2 shares being traded. This was significantly lower than the average volume of 3,824,995 shares over the past three months. The market capitalization of CRWD stood at $39.5 billion, indicating the company’s significant size in the market.
CrowdStrike Holdings Inc has shown impressive earnings growth in recent years. The company’s earnings grew by 23.96% last year and are expected to grow by 54.99% this year. Looking ahead, analysts forecast a 39.00% earnings growth for the next five years. This strong earnings growth has been supported by a robust revenue growth of 54.40% last year.
When it comes to valuation, CRWD has a Price/Sales ratio of 11.02 and a Price/Book ratio of 26.63. These ratios suggest that the stock may be trading at a premium compared to its peers in the technology services sector.
In terms of performance compared to other companies in the sector, CRWD had a relatively stable day. Veeva Systems Inc had a negligible change of -0.01 (-0.00%), Autodesk Inc saw a slight increase of +0.17 (+0.08%), Electronic Arts Inc remained unchanged at 0.00 (0.00%), and Square Inc had a minimal gain of +0.01 (+0.01%).
Looking ahead, investors can mark November 29, 2023, as the next reporting date for CrowdStrike Holdings Inc. Analysts are forecasting an earnings per share of $0.60 for the current quarter. In the previous year, the company reported an annual revenue of $2.2 billion but incurred a loss of -$183.2 million. The net profit margin was -8.18%, indicating that the company’s profitability needs improvement.
CrowdStrike Holdings Inc operates in the technology services sector, specifically in the packaged software industry. The company is headquartered in Austin, Texas. Unfortunately, no executives are currently listed for the company.
Overall, CRWD stock had a mixed performance on September 19, 2023. While it opened slightly lower than the previous day’s close, it traded within a relatively narrow range throughout the day. The company’s strong earnings and revenue growth in recent years indicate its potential for future success. However, the negative net profit margin and lack of listed executives may raise some concerns for investors.
CRWD Stock Shows Strong Performance with Positive Price Forecasts and Consensus Buy Rating
CRWD stock, the ticker symbol for CrowdStrike Holdings Inc, has been performing well on September 19, 2023, according to data from CNN Money. The 41 analysts who have offered 12-month price forecasts for CRWD stock have a median target of $180.00.
Compared to the last price of $166.95, the median estimate represents a potential increase of 7.82%. This positive outlook from analysts indicates that CRWD stock is expected to perform well in the coming months.
Furthermore, the consensus among 46 polled investment analysts is to buy stock in CrowdStrike Holdings Inc. This rating has remained steady since September, indicating that the positive sentiment towards CRWD stock has been consistent.
In terms of financial performance, CrowdStrike Holdings Inc reported earnings per share of $0.60 for the current quarter. Additionally, the company reported sales of $774.5 million. These figures indicate that CrowdStrike Holdings Inc is experiencing strong financial growth.
Investors can look forward to the reporting date of November 29, when CrowdStrike Holdings Inc will release further details about its financial performance for the current quarter. This information will provide additional insights into the company’s growth and potential future stock performance.
Overall, CRWD stock has been performing well on September 19, 2023, with positive price forecasts and a consensus buy rating from investment analysts. The financial performance of CrowdStrike Holdings Inc also indicates strong growth, which further supports the positive outlook for CRWD stock. Investors should keep an eye on the reporting date of November 29 for more information about the company’s performance.
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