CrowdStrike Holdings Inc. shares lagged the mostly positive cybersecurity sector Monday after an analyst, writing of potential risk to estimates, downgraded the stock two days ahead of the company’s earnings report.
In a Monday note, Morgan Stanley analyst Hamza Fodderwala downgraded CrowdStrike’s stock to equal weight from overweight and trimmed his price target to $167 from $178 ahead of the company’s fiscal second-quarter earnings report, due Wednesday after the market close. Analysts surveyed by FactSet estimate, on average, ARR of $3.14 billion for the quarter ending in October and $3.38 billion for the quarter ending in January. For fiscal 2024, analysts forecast ARR of $4.29 billion.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CrowdStrike Stock Falls on Downgrade Ahead of EarningsMorgan Stanley analyst Hamza Fodderwala downgrades the shares to Equal Weight from Overweight, citing a difficult demand environment.
Source: MarketWatch - 🏆 3. / 97 Read more »
CrowdStrike Stock Gets a Downgrade Ahead of EarningsMorgan Stanley analyst Hamza Fodderwala downgraded the shares to Equal-Weight from Overweight, citing a difficult demand environment.
Source: MarketWatch - 🏆 3. / 97 Read more »
Morgan Stanley downgrades CrowdStrike ahead of earningsThe analyst lowered his price target to $167 from $178, which suggests the stock could still climb more than 11%.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves premarket: 3M, CrowdStrike, Xpeng and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »
5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Source: NBCLA - 🏆 319. / 59 Read more »
The Investing Club's top 10 things to watch in the stock market MondayStocks are set to open the new week slightly higher, while Club name Danaher (DHR) plans to acquire life-sciences company Abcam (ABCM).
Source: CNBC - 🏆 12. / 72 Read more »