@Lionel8383:Today's stock to watch would be CrowdStrike Holdings ( $CrowdStrike Holdings, Inc.(CRWD)$ ). After CrowdStrike reported earnings that were below analysts estimates and weak guidance for the following quarter, the stock gapped down lower but has since parred those losses to close 14.7% lower and formed a bullish green ice cream bar. Although still in a downtrend channel for now, there is a potential short term trade to take, potential price target of $145 (resistance) and setting a stop loss of slightly under $105. From Morningstar's analysis, they have placeda fair value of $156 per share, representing a 20% discount. CrowdStrike is a leader in endpoint security, however elevated macroeconomic conditions are likely to continue to weigh down on this stock for the next few quarters. Their recent third-quarter revenue clocked in at $581 million, up 53% YoY, while ARR (annual recurring revenue) grew 54% YoY to $2.34 billion. However mrt new ARR, a measure of the company's ability to land new customers grew at a smaller 17% YoY and declined 9% sequentially. Management attributed this weak growth to elongating sales growth cycles as customers sought to push deals forward amid a tricky macro environment. Earnings per share came in at $0.40 per share, above management's guidance. Outlook for fourth quarter includes revenue of$619.1 million to $628.2 million and adjusted earnings of $0.42 to $0.45 per share. For fiscal2023, the company is targeting $2,223 millionto $2,232 million and adjusted earnings of $1.49 to $1.52 per share. $Zscaler Inc.(ZS)$ $Cloudflare, Inc.(NET)$ 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.
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