Why are CrowdStrike, Palo Alto stocks in investors’ spotlight?

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 Why are CrowdStrike, Palo Alto stocks in investors’ spotlight?
Image source: Khakimullin Aleksandr,Shutterstock


  • CrowdStrike Holdings, Inc. (Nasdaq: CRWD) to be listed in Nasdaq-100 Index from August 26.
  • CrowdStrike stock surged 8.62 percent at 12.31 pm ET after the news.

  • Palo Alto Networks, Inc. (NYSE: PANW) stock jumped 19.65 percent at 12.46 pm ET, a day after solid Q4 earnings.

The stocks of cybersecurity firms CrowdStrike Holdings (Nasdaq: CRWD) and Palo Alto Networks, Inc. (NYSE: PANW) surged 8 percent and 19 percent, respectively, on Tuesday, a day after the former revealed plans for its Nasdaq-100 listing, while the latter reported strong fourth-quarter results.

The CrowdStrike stock jumped 8.62 percent to US$266.92 at 12.31 pm ET, while Palo Alto stock rose 19.65 percent to US$445.835 at 12.46 pm ET, a day after the earnings results.

Here we explore the recent developments of the two companies.

CrowdStrike Holdings, Inc.

On Monday, the company announced that it would become part of the Nasdaq-100 Index (Nasdaq: NDX) from August 26.

The cloud solution firm would also be listed on the NASDAQ-100 Equal Weighted Index (Nasdaq: NDXE), and the NASDAQ-100 Technology Index (Nasdaq: NDXT) before the market opens on Wednesday.

Its market cap is US$60 billion. The forward P/E one year is -491.60. The EPS is US$-0.72. The highest and lowest stock prices of the cybersecurity solutions firm for the past 52 weeks were US$272.63 and US$108.26. Its stock surged by 26.09 percent YTD.

The company reported revenue of US$302.8 million in the first quarter of 2021 against US$178.1 million in Q1 last year. The gross profit for the period was US$224.3 million against US$131.2 million in Q1 last year. The company incurred losses of US$85 million in Q1 this year versus US$19.2 million in Q1 last year.

On August 23, CRWD was named cybersecurity leader by the IDC MarketScape for US Managed Detection and Response Services.  

Also read: Tesla (TSLA) eyes humanoid robots to beat labor shortage

Source: Pixabay.

Palo Alto Networks, Inc.

The cybersecurity firm reported robust Q4 earnings on August 24. It reported revenue of US$1.2 billion in Q4, 2021, up 28 percent YoY. The company incurred losses of US$58.9 million or US$0.61 per share in the quarter. The net income for the period was US$161.9 million or US$1.48 per share.

The market capitalization of the online services company is US$43.2 billion. The forward P/E one year is -1862.85, and the EPS is US$-5.18. The highest and lowest stock prices of PANW in the past 52 weeks were US$406.92 and US$219.34.

Also read: Yik Yak is back on Apple App store with new safety features

PANW was ranked first for hybrid workforce security by the Forrester New Wave: Zero Trust Network Access (ZTNA), an industry association.

Bottom line:

The CRWD is expected to report strong Q2 results on August 31, while PANW expects solid earnings in Q1, 2022. Technology companies have seen solid growth in the recent quarters, and the momentum is expected to continue.


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