After-hours movers: Hewlett Packard Enterprise, CrowdStrike, and more
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Evercore ISI Closes Tactical Outperform Call on HP Enterprise (HPE)
June 5, 2024 12:04 PM EDTEvercore ISI analyst Amit Daryanani reiterated an In Line rating and $22.00 price target on HP Enterprise (NYSE: HPE).
The analyst comments "We are closing our tactical outperform call on HPE following solid Apr-qtr earnings. HPEs Apr-qtr results came in ahead of expectations particularly on the AI front with shipments growing from ~$400M LQ to ~$900M during the Apr-qtr, and more importantly HPE sounded incrementally more positive on the AI opportunity going forward with demand from sovereigns and enterprise... More
CrowdStrike Holdings (CRWD) PT Raised to $400 at FBN Securities
June 5, 2024 10:13 AM EDTFBN Securities analyst Shebly Seyrafi raised the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $400.00 (from $390.00) while maintaining a Outperform rating.
The analyst comments "We retain our Outperform rating on CRWD and raise our PT from $390 to $400 following its strong... More
Cantor Fitzgerald Reiterates Overweight Rating on CrowdStrike Holdings (CRWD)
June 5, 2024 6:41 AM EDTCantor Fitzgerald analyst Jonathan Ruykhaver reiterated an Overweight rating and $400.00 price target on CrowdStrike Holdings (NASDAQ: CRWD)
The analyst comments "We reiterate our Overweight rating and maintain our 12-month price target at $400 post F1Q25 results. CrowdStrike delivered a strong start to FY2025 as revenue exceeded FactSet consensus (~1.8% upside), net new annual recurring revenue... More
RBC Capital Reiterates Outperform Rating on CrowdStrike Holdings (CRWD)
June 5, 2024 6:12 AM EDTRBC Capital analyst Matthew Hedberg reiterated an Outperform rating and $420.00 price target on CrowdStrike Holdings (NASDAQ: CRWD)
The analyst comments "Against high investor expectations, CrowdStrike outperformed yet again with results and an upwardly revised FY/25 outlook coming in above expectations and driven by broad-based... More
Barclays Reiterates Overweight Rating on CrowdStrike Holdings (CRWD)
June 5, 2024 5:34 AM EDTBarclays analyst Saket Kalia reiterated an Overweight rating and $400.00 price target on CrowdStrike Holdings (NASDAQ: CRWD)
The analyst comments "CRWD's net new ARR beat speaks for itself in this challenging macro - so we focus this front page on three forward-looking points to the story: (1) Falcon Flex is helping drive bigger deals that give customers access to CrowdStrike's broader portfolio in a... More
HP Enterprise (HPE) PT Raised to $22 at BofA Securities
June 5, 2024 5:12 AM EDTBofA Securities analyst Wamsi Mohan raised the price target on HP Enterprise (NYSE: HPE) to $22.00 (from $19.00) while maintaining a Neutral rating.
The analyst comments "HPE reported F2Q revenue of $7.2bn (+4% y/y in CC) above our/Street estimates of... More
JPMorgan Reiterates Overweight Rating on CrowdStrike Holdings (CRWD)
June 5, 2024 5:03 AM EDTJPMorgan analyst Brian Essex reiterated an Overweight rating and $400.00 price target on CrowdStrike Holdings (NASDAQ: CRWD)
The analyst comments "CrowdStrike has established itself as a technology leader in the Endpoint Security market with a disruptive platform that has enabled it to... More
CrowdStrike Holdings (CRWD) PT Lowered to $380 at DA Davidson
June 5, 2024 4:45 AM EDTDA Davidson analyst Rudy Kessinger lowered the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $380.00 (from $425.00) while maintaining a Buy rating.
The analyst comments "CRWD delivered another very strong qtr. with significant ARR & FCF upside vs. cons., although a bit less than... More
HP Enterprise (HPE) PT Raised to $22 at Evercore ISI
June 5, 2024 4:44 AM EDTEvercore ISI analyst Amit Daryanani raised the price target on HP Enterprise (NYSE: HPE) to $22.00 (from $18.00) while maintaining a In Line rating.
The analyst comments "HPEs Apr-qtr results came in ahead of expectations particularly on the AI front with shipments growing from ~$400M LQ to ~$900M during the Apr-qtr, and more importantly HPE sounded incrementally more positive on the AI opportunity going forward with demand from sovereigns and enterprise customers growing, as well as traction in its GreenLake AI offering (fastest growing segment of ARR this quarter). Contrary to disappointing margin performance... More
CrowdStrike Holdings (CRWD) PT Lowered to $402 at BTIG
June 5, 2024 4:39 AM EDTBTIG analyst Gray Powell lowered the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $402.00 (from $432.00) while maintaining a Buy rating.
The analyst comments "CRWD delivered strong FQ125 results and increased its outlook for FY25. Specifically, CRWD posted ARR of $3,647MM / +33% y/y ($212MM net adds) vs our and Street estimates of $3,632MM / +32.9% ($197MM net adds). In addition, CRWD exceeded... More
