Wedbush Raises CrowdStrike Holdings’ Price Target to $145 From $135 After Above-Street Q4 Revenue, Keeps Outperform Rating。
Wedbush Raises CrowdStrike (NASDAQ:CRWD) Price Target to $145 From $135 Read Post »
JPMorgan Chase at Crowdstrike (NASDAQ:CRWD) raised its price target to $155 from $137 and maintained its “overweight” rating on the stock after its fiscal fourth-quarter results. The analyst told investors in a research note that the company’s execution has improved compared to the previous quarter, and the business level has “recovered rapidly” from the previous quarter. The company said the results reflect strong demand for its AI-driven platform as Crowdstrike continues to consolidate its market share. The company continues to see Crowdstrike as one of the best candidates to consolidate market share and is encouraged by its ability to continue to improve in a challenging macro environment.
JPMorgan raised CrowdStrike (NASDAQ:CRWD) price target to $155 from $137 Read Post »
March 7, 2023 — CrowdStrike Holdings, Inc. (Nasdaq: CRWD), a global cybersecurity leader that provides cloud-delivered protection of endpoints, cloud workloads, identity and data, today announced financial results for the fourth quarter and fiscal year 2023, ended January 31, 2023. CrowdStrike(NASDAQ:CRWD) reported fiscal Q4 non-GAAP earnings of $0.47 per diluted share, Analysts polled by Capital IQ estimated $0.43. Revenue for the quarter ended Jan. 31 was $637.4 million, Analysts surveyed by Capital IQ forecast $626.8 million. The cloud-based security company said it projects fiscal Q1 non-GAAP EPS of $0.50 to $0.51 on revenue of $674.9 million to $678.2 million. Analysts polled by Capital IQ are looking for $0.43 and $666.3 million, respectively. The company also said it projects fiscal 2024 non-GAAP EPS between $2.21 and $2.39 and revenue between $2.96 billion and $3.01 billion. Analysts surveyed by Capital IQ are expecting $2.02 and $2.97 billion. Fourth Quarter Fiscal 2023 Financial Revenue: Total
CrowdStrike(NASDAQ:CRWD) Q4 2023 revenue of $637.4 million,up 48% year-over-year Read Post »
Morgan Stanley: Raised its Logitech (NASDAQ:LOGI) price target to $40 from $39.
Morgan Stanley: Raised Logitech (NASDAQ:LOGI) price target to $40 from $39 Read Post »
Oppenheimer: Raised its price target on Meta Platforms (NASDAQ:META) to $235 from $220.
Oppenheimer: Raised Meta Platforms (NASDAQ:META) price target to $235 from $220 Read Post »
Ahead of Thursday’s investor meeting, General Electric (NYSE:GE) reiterated its guidance for fiscal 2023, including high-single-digit organic revenue growth, adjusted earnings per share in the range of $1.60 to $2.00, above market expectations of $1.95, and free cash flow of $3.4 billion to $4.2 billion. The company also reiterated that GE Aerospace saw median revenue growth of 10%, operating profit of $5.3 billion to $5.7 billion, and year-over-year free cash flow growth.
Automaker Stellantis (NYSE:STLA) will invest $155 million to produce a new electric vehicle power module at its Indiana plant, which is expected to go into production in the third quarter of 2024.
American Express (NYSE:AXP): Board of Directors approved a quarterly dividend increase of $0.08 (15%) to $0.60 per share
American Express (NYSE: AXP): The Board of Directors approved the repurchase of up to 120 million shares of common stock under the Company’s capital plan.The new share repurchase authorization will replace the approximately 36 million remaining shares of common stock authorized by the Board of Directors in 2019.
AT&T (NYSE:T) CCO: cut 30,000 communications jobs in 2022, 7,000 in the fourth quarter alone.
AT&T (NYSE:T) CCO: cut 30,000 communications jobs in 2022 Read Post »
Jefferies analyst Randal Konik said recent trends in web access and search interest suggest a potential slowdown in Lululemon’s (NASDAQ:LULU) business. Internet visits rose about 33 percent year-over-year in February but fell about 22 percent month-on-month, marking the third straight month of growth deceleration, analysts said. Jefferies reiterated its underperform rating and $200 price target for Lululemon stock.
Wedbush analyst Dan Ives raised Apple’s (NASDAQ:AAPL) price target to $190 from $180 and maintained its outperform rating. Ives said demand in China rebounded significantly after a weak December. Looking ahead, he is confident of strong demand, saying that “the fact that iPhone suppliers in Asia have not yet made significant production cuts is a good sign that the demand curve for Apple’s flagship iPhone 14 Pro in March/June is stable.” He estimates that about 25 percent of existing iPhone users haven’t upgraded their phones for four years or more; As people upgrade their phones to newer models, Apple’s market share will continue to increase.
Wedbush raised Apple’s (NASDAQ:AAPL) price target to $190 from $180 Read Post »