Crowdstrike Holdings Inc

On May 29, CrowdStrike Holdings (NASDAQ:CRWD) stock rose 10.5% and closed at $87.81. The stock was trading 13.8% below its 52-week high of $101.88.

On Thursday, CrowdStrike stock rose 8.1% and closed at $41.74. Based on the last closing price, the company has a market capitalization of $8.9 billion.

As US-Iran tensions escalate, oil and petroleum products could be impacted. We could also see an indirect impact on the tech sector.

Crowdstrike released its fiscal 2020 third-quarter earnings results after the market closed on December 5. It beat earnings estimates for the quarter.

Peloton (PTON) shares rose close to 10% on Friday to close trading at $35.5 per share. The stock gained 21% in the last week that ended on November 29.

In 2019, several high-profile tech IPOs made their debut in public markets. Let’s look at what’s in store for them as we head towards 2020.

In the September quarter, Netflix sales rose 30% to $5.2 billion. The company’s sales were marginally below the estimates of $5.3 billion.

CrowdStrike (CRWD) fell 9.5% today to close at $54.52. Analyst Walter Pritchard initiated coverage on CRWD with a “sell” rating and a target price of $43.

Zoom Video is trading significantly higher than 2019’s other IPO debutants. Zoom stock had an offer price of $36 and is trading at $73.52—104% higher.

High-growth tech stocks including Alteryx (AYX), Crowdstrike (CRWD), and RingCentral (RNG) are leading gains in the tech sector today.

Fitness startup Peloton Interactive has fallen 8% since it was publicly listed at $29 per share. At the time of writing, it was trading at $26.67 per share.

The Technology Select Sector ETF (XLK) has fallen 0.8% on the day. Several tech stocks are trading in the red, particularly the overvalues stocks.

Reports indicate that WeWork is looking to cut its valuation by over 50% to ease its upcoming IPO. WeWork was privately valued at $47 billion in January.

CrowdStrike shares have fallen close to 7% in pre-market trading today. On Thursday, the company released its earnings for the second quarter of 2020.

In today’s look at the market movers in the tech sector, Activision Blizzard (ATVI) rose 5% and CrowdStrike (CRWD) fell 5.4% to close at $84.08.

CrowdStrike Holdings (CRWD) stock rose 16.0% on Friday, the day after the cybersecurity company announced its fiscal 2020 first-quarter results.

CrowdStrike (CRWD) rose 7.9% on June 28 to close trading at $68.29 per share.

CRWD managed to grow its sales by 100.0% year-over-year in fiscal 2019. Its sales doubled to $250.0 million, while its net loss increased to $140.1 million.

Cybersecurity company CrowdStrike went public on June 12. The company issued 18 million shares priced at $34, thereby raising $612 million in the public offering.

Since 2009, Slack (WORK) has raised $1.4 billion from investors through two seed and eight venture rounds. The company boasts a legendary investor lineup, which includes Softbank, General Atlantic, and Andreessen Horowitz. Accel is Slack’s biggest investor with a 23.8% stake followed by Andreessen Horowitz, which holds 13% in the company.

CrowdStrike (CRWD) had a monumental opening as a publicly listed company. It reported sales of $250.0 million in fiscal 2019, a rise of 100.0% year-over-year.

CrowdStrike is a cybersecurity company that focuses on delivering endpoint protection solutions. The company issued 18 million shares at $34 per share and raised $612 million in its IPO.