Monthly Stock Report: CrowdStrike Holdings, Inc. (CRWD)
Publication Date: September 22, 2024
Company Overview
CrowdStrike Holdings, Inc. (CRWD) is a leading cybersecurity provider headquartered in Austin, Texas. Established in 2011, the company operates both domestically and internationally, focusing on a unified, cloud-based platform that secures endpoints, cloud workloads, identities, and data. Its diverse range of services includes managed security, identity protection, threat intelligence, and AI-driven workflow automation, primarily offered through subscriptions to its Falcon platform and cloud modules. Classified under the Technology sector, specifically within the Software – Infrastructure industry, CrowdStrike has garnered significant investor interest, currently holding a “buy” recommendation from analysts due to its promising growth potential.
Financial Performance & Analyst Insights
CrowdStrike reported a robust total revenue of approximately $3.52 billion, showcasing a solid financial foundation in the ever-evolving tech landscape. The stock is trading at $299.85, placing it below the fifty-two week high of $398.327 and above a low of $157.59, reflecting notable volatility. Analysts have established a target high price of $540.00, suggesting substantial upside potential, while the target mean price stands at $323.11. A consensus mean recommendation score of 1.9 highlights the bullish sentiment among analysts, supported by the opinions of 42 market experts.
Currently, there are 232,716,992 shares outstanding, with a short interest of approximately 3.64%, indicating cautiously optimistic investor sentiment. While further details on EBITDA could refine operational profitability assessments, the overall data indicates a promising horizon for CrowdStrike, particularly for investors seeking opportunities amidst market fluctuations.
Market Dynamics
The stock’s recent performance shows it trading above its fifty-day moving average of $267.7848, signaling positive short-term momentum. The relatively low short interest percentage reflects a supportive investor outlook, while the significant price range indicated by the target high and low prices suggests potential volatility that could benefit trading strategies focused on price movements. Given the current price’s proximity to its fifty-two week high, investors may want to monitor CrowdStrike closely for potential rebounds or corrections that align with broader market trends.
This report provides a succinct yet insightful look into CrowdStrike Holdings, Inc., making it a valuable read for current and prospective investors navigating the cybersecurity sector.
| Metric | Value |
|---|---|
| Market Cap | $73.5b |
| Total Debt | $792.0m |
| Total Cash | $4.0b |
| Shares Outstanding | 232.7m |
| Float Shares | 229.2m |
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