Cybersecurity technology company CrowdStrike (NASDAQ:CRWD) has given investors plenty to cheer about lately. CRWD stock has risen nearly 30% so far in 2021 and 78% over the past year.
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That kind of growth has led many investors to question whether a slowdown is imminent. The good news is that it doesn’t appear to be. Despite the rapid price appreciation in CRWD stock, there’s likely quite a bit more in store.
A Closer Look at CRWD Stock
CrowdStrike has been in a sustained uptrend since March 2020 and doesn’t look to be slowing down. Of course, September has been a tough month for the markets, but this may present a buying opportunity. Currently, CRWD stock is sitting about 12% below its high of $289.24, which was made in late August.
Top 5 Tech Stocks To Invest In Right Now: StarTek, Inc.(SRT)
StarTek, Inc. provides business process outsourcing services in the United States, the Philippines, Canada, and Honduras. It operates in three segments: Domestic, Asia Pacific, and Latin America. The companys service offerings include customer care, sales support, inbound sales, complex order processing, accounts receivable management, technical and product support, up-sell and cross-sell opportunities, and other industry-specific processes. It offers technical and product support services through telephone, e-mail, chat, facsimile, and Internet; and sales support services comprising lead generation, direct sales, account management and retention programs, and marketing analysis and modeling. The companys provisioning and order processing services comprise order management and technical sales support for wire-line, wireless, data, and customer premise equipment; order fallout from its clients’ automated systems; and direct-to-consumer services, such as provisioning, order processing, and transfer of accounts between client service providers. StarTek, Inc.s receivables management services consist of first and third party collections services for clients in the telecommunication, cable and media, and healthcare industries; healthcare services include customer care, sales support, accounts receivable management, remote patient care, and medical triage to providers, payers, pharmaceutical, and device manufacturer businesses; and industry-specific processes comprise training curriculum development, workforce management, customer analytics, quality monitoring services, call center in a box technology platform, and dispositions. The company was founded in 1987 and is headquartered in Greenwood Village, Colorado.
Advisors’ Opinion:
- [By Evan Niu, CFA]
Google has so far struggled in making a name for itself in wearables and smartwatches, as Wear OS (initially named Android Wear) failed to gain any meaningful traction and many prominent hardware partners ditched the platform. Apple and Fitbit (NYSE:FIT) currently lead the way in smartwatches, but Google hopes to take another swing with its forthcoming Pixel Watch. As part of those efforts, Google recently bought smartwatch tech and acqui-hired employees from Fossil for $40 million.
- [By Daniel Sparks]
Three stories in tech stood out this week.
Fitbit (NYSE:FIT) showed off new devices with an emphasis on affordability. Facebook (NASDAQ:FB) CEO Mark Zuckerberg shared the company’s plans to beef up messaging and stories on its platforms. Eventbrite’s (NYSE:EB) stock took a big hit after its quarterly results came out.
Here’s a closer look.
- [By Stephan Byrd]
Press coverage about Fitbit (NYSE:FIT) has trended somewhat positive recently, according to InfoTrie. The research group ranks the sentiment of press coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Fitbit earned a coverage optimism score of 2.00 on their scale. InfoTrie also gave news coverage about the scientific and technical instruments company an news buzz score of 4 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
- [By Evan Niu, CFA]
After a couple challenging years, Fitbit (NYSE:FIT) has started to mount a turnaround. The company has already returned to profitability. In no uncertain terms, the Versa is driving that progress, positioned as a mainstream smartwatch that can appeal to average consumers. Versa’s predecessor, the Iconic, in contrast, was a flop because it was priced too high and targeted a smaller niche of performance users.
Top 5 Tech Stocks To Invest In Right Now: Palo Alto Networks, Inc.(PANW)
Palo Alto Networks, Inc. provides enterprise security platform to enterprises, service providers, and government entities worldwide. Its platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, as well as protection against network-based cyber threats; Advanced Endpoint Protection that prevents cyber attacks that exploit software vulnerabilities on various fixed and virtual endpoints and servers; and Threat Intelligence Cloud that offers central intelligence capabilities, security for software as a service applications, and automated delivery of preventative measures against cyber attacks. The company provides firewall appliances; Panorama, a centralized security management solution for the control of appliances deployed on an end-customers network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with the appliance. It also offers subscription services, such as threat detection and prevention, URL filtering, laptop and mobile devices protection, malware and threats protection, and windows-based fixed and virtual endpoints protection services; support and maintenance services; and professional services, including application traffic management, solution design and planning, configuration, and firewall migration services, as well as provides education services. Palo Alto Networks, Inc. primarily sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries comprising education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was founded in 2005 and is headquartered in Santa Clara, California.
Advisors’ Opinion:
- [By Ethan Ryder]
Adobe (NASDAQ:ADBE) and Materialise (NASDAQ:MTLS) are both computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, earnings, valuation, profitability, analyst recommendations and risk.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Materialise (MTLS)
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- [By Joseph Griffin]
Blackline (NASDAQ: MTLS) and Materialise (NASDAQ:MTLS) are both computer and technology companies, but which is the better business? We will contrast the two businesses based on the strength of their institutional ownership, valuation, analyst recommendations, profitability, dividends, earnings and risk.
- [By Logan Wallace]
TheStreet upgraded shares of Materialise (NASDAQ:MTLS) from a c+ rating to a b- rating in a research report report published on Thursday.
Several other brokerages have also commented on MTLS. BidaskClub upgraded shares of Materialise from a sell rating to a hold rating in a report on Tuesday, August 28th. ValuEngine upgraded shares of Materialise from a hold rating to a buy rating in a report on Friday, August 24th. Finally, Zacks Investment Research lowered shares of Materialise from a hold rating to a strong sell rating in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $19.00.
