BUZZ-Street View: Concerns arise over CrowdStrike's valuation and growth challenges

Reuters12-03
BUZZ-Street View: Concerns arise over <a href="https://laohu8.com/S/CRWD">CrowdStrike</a>'s valuation and growth challenges

** Cybersecurity firm CrowdStrike's CRWD.O shares fall 1.4% to $509.12

** Co narrowly beat Wall Street estimates for Q3 revenue

** Up to last close, stock has risen ~51% this year

COMPETITIVE LANDSCAPE AHEAD

** Berenberg ("hold", $600) says shares likely fell as investors were concerned about the level of future outperformance needed to sustain CRWD's premium valuation

** Jefferies ("buy", $600) says CRWD's valuation is high on strong growth expectations, but Co faces risks from competition, slower market performance and profitability delays

** Raymond James ("outperform", $535) says CRWD's road ahead is difficult as the stock's valuation exceeds $500, bringing it among a "small category of elite software businesses"

** Scotiabank ("sector outperform", $613) says CRWD's bottom line in Q3 and forecast for Q4 were underwhelming, and it is tracking operating margins, which came "only in line with guidance"

(Reporting by Anhata Rooprai in Bengaluru)

((Anhata.Rooprai@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment