CrowdStrike Holdings Set to Post Another Strong Quarter Despite Overbought Stock
November 24, 2023
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CROWDSTRIKE ($NASDAQ:CRWD): CrowdStrike Holdings Inc., the cyber security company that provides endpoint protection, is set to post another strong quarter, however their stock may be overvalued. Despite its promising prospects, investors should be aware that CrowdStrike’s stock may be overbought. While the stock is likely to continue to rise as the company continues its strong growth trajectory, investors should be cautious and take a long-term view when investing in CrowdStrike.
Stock Price
On Wednesday, its stock opened at $209.9 and closed at $209.6, marking a slight increase of 0.3% from its previous closing price of $209.0. This is a sign that the company is still doing well, and investors remain confident in the company’s prospects. The company has consistently delivered strong financial results, and its recent quarter is expected to be no different. CrowdStrike Holdings has invested in product innovation and new technologies, which have enabled them to maintain their financial performance during this period.
The stock price of CrowdStrike Holdings has grown significantly over the past year, indicating investor confidence in the company’s growth potential and performance. With such a strong track record, investors are expecting the company to continue to post positive results in the upcoming quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Crowdstrike Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 2.64k | -93.47 | -3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Crowdstrike Holdings. More…
| Operations | Investing | Financing |
| 1.06k | -308.77 | 91.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Crowdstrike Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.52k | 3.65k | 7.75 |
Key Ratios Snapshot
Some of the financial key ratios for Crowdstrike Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 59.3% | – | -1.7% |
| FCF Margin | ROE | ROA |
| 30.2% | -1.7% | -0.5% |
Analysis
At GoodWhale, we conducted an analysis of CROWDSTRIKE HOLDINGS to evaluate their wellbeing. According to Star Chart, CROWDSTRIKE HOLDINGS is classified as ‘cheetah’, which suggests that the company has achieved high revenue or earnings growth, but is judged to be less stable due to lower profitability. As such, investors who are looking for high returns and are willing to take on additional risk may be interested in this company. In terms of financial health, CROWDSTRIKE HOLDINGS has an intermediate score of 6/10. This score reflects its cashflows and debt, indicating that the company is likely to pay off its debt and fund future operations. Additionally, GoodWhale’s analysis also identified strengths in growth, medium assets and weaknesses in dividends and profitability. In sum, CROWDSTRIKE HOLDINGS provides an interesting opportunity for investors who are comfortable with a certain level of risk. More…
Peers
It is no secret that the competition between CrowdStrike Holdings Inc and its competitors is fierce. Zscaler Inc, SentinelOne Inc, Palo Alto Networks Inc are all battling it out for market share in the cybersecurity industry. While each company has its own unique strengths and weaknesses, CrowdStrike seems to be gaining ground on its competitors.
– Zscaler Inc ($NASDAQ:ZS)
Zscaler Inc is a publicly traded American internet security company headquartered in San Jose, California. Zscaler provides cloud security, network security, and cybersecurity services for enterprises, government organizations, and service providers around the world. The company was founded in 2007 by Jay Chaudhry and K.K. Mookhey.
Zscaler has a market cap of $19.36 billion as of 2022 and a return on equity of -37.32%. The company provides internet security services for enterprises, government organizations, and service providers around the world.
– SentinelOne Inc ($NYSE:S)
SentinelOne is a cyber security company that specializes in endpoint security. The company was founded in 2013 and is headquartered in Mountain View, California. As of 2022, SentinelOne has a market cap of $5.82B and a return on equity of -12.5%. The company’s primary product is a security platform that uses machine learning and artificial intelligence to protect endpoint devices from malware and other threats.
– Palo Alto Networks Inc ($NASDAQ:PANW)
Palo Alto Networks is a publicly traded cybersecurity company with a market capitalization of $47.44 billion as of April 2021. The company’s return on equity (ROE) for 2020 was -42.69%. Palo Alto Networks provides a platform for secure network connectivity and security and operates in three segments: Enterprise Security, Network Security, and Cloud Security. The company was founded in 2005 and is headquartered in Santa Clara, California.
Summary
CrowdStrike Holdings, Inc. is a leading provider of cloud-based endpoint security solutions. Its platform is designed to protect endpoints from sophisticated threats and prevent cyber-attacks. Analysts expect the company to report solid financial performance in its upcoming quarter, driven by strong demand for its products and services. The stock may be trading at high levels and may be considered overbought, but the company’s strong financials and outlook suggest that it’s well-positioned to continue its growth trajectory.
In addition, the company’s acquisition of Preempt and its expansion into Latin America further signal optimism for the long-term growth prospects of the company.
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