La catena delle opzioni mostra i dati chiave delle opzioni azionarie di OneSpan a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per OneSpan..

OneSpan (NASDAQ:OSPN) Azioni, Catena delle Opzioni

OneSpan

OneSpan Inc is a provider of information technology security solutions for banking and financial services and application security markets. Its solutions secure and manage access to digital assets and protect online transactions, via mobile devices and in-person. Authentication and anti-fraud solutions are the organization's primary product offerings and include multifactor authentication and virtual private network access capabilities. The company derives revenues from hardware and license fees, maintenance and support fees, and subscription fees. A large majority of the firm's revenue is generated in Europe, the Middle East, and Africa, and the rest in the United States and Asia-Pacific region.

OneSpan Inc

EV startup Canoo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>) appointed Kunal Bhalla as its Chief Financial Officer on Oct. 31, following the resignation of Greg Ethridge.
What Happened: Bhalla has been with Canoo since late 2020 and served in multiple roles. Before Canoo, he was an investment banker with Rothschild and Co. as a Director of M&amp;A focused on the Mobility Technology sector.
Ethridge&#8217;s resignation was not the sole one recently at Canoo. Hector Ruiz, General Counsel and Corporate Secretary of Canoo, also resigned from the startup on Oct. 31. The company subsequently chose Sean Yan as&nbsp;General Counsel.
Canoo also said that it will temporarily reduce its workforce in Oklahoma City by furloughing 23% of its factory workers for a period of twelve weeks.&nbsp;
Why It Matters: Canoo in September <a href="https://www.benzinga.com/news/24/08/40570834/ev-startup-canoo-follows-teslas-footsteps-to-move-headquarters-from-california-to-texas">named Justin, Texas</a> as its new company headquarters. The company then said that about 137 engineering positions will relocate from California to Texas and Oklahoma beginning in the fourth quarter of 2024 as part of the headquarters relocation.
Canoo&#8217;s finances have recently been under duress. For the <a href="https://www.benzinga.com/news/earnings/24/08/40380998/canoo-reports-q2-results-reduced-expenses-lower-cash-outflow">three months ending June</a>, Canoo reported a revenue of $605,000 and adjusted net loss per share of $0.61. The company had cash, cash equivalents, and restricted cash of just $19.1 million as of Jun. 30.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: Canoo

News

Tech

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EV Startup Canoo To Furlough 23% Factory Workers In Oklahoma City, CFO Departs

AVPT

Reported Earlier, AvePoint Unveils AI Lab In Singapore To Advance AI And Machine Learning In Data Management

Reported Earlier, HUTCHMED To Present Long-Term Data On Sovleplenib For Chronic ITP At 2024 ASH And ESMO Asia Congress

In connection with the private placement, the Company is planning to issue an aggregate of 2,137,850 units. Each unit will be sold at an effective unit price of $4.28 per unit and will consist of one share of common stock (or one pre-funded warrant in lieu thereof), two (2) Series A warrants, each exercisable for one share of common stock at an initial exercise price of $4.03 per share and one Series B warrant at an exercise price of $0.0001 to purchase such number of shares of common stock as will be determined on the Reset Date (as defined in the Series B warrant).&nbsp;
The closing of the private placement is expected to occur on or about November 6, 2024, subject to the satisfaction of certain customary closing conditions.

ZCAR

Zoomcar Prices $9.15M Private Placement To Advance Debt Repayment And Corporate Growth

As the U.S. presidential election hits a climax with former President Donald Trump taking the lead over Kamala Harris, these five key movements are happening across Wall Street.
Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>): The shares of Trump&#8217;s media company have experienced a significant surge fueled by both the anticipation of the election results and the company&#8217;s third-quarter financial results. Data from Nasdaq revealed that the after-hours trading volume for the stock was at 21.9 million, with the stock trading 10.43% higher at $37.48 on Tuesday during after-market hours.
Stock Futures: The stock futures also experienced a rise on election night. Futures associated with the Dow Jones Industrial Average increased by 739 points, or 1.74%, as of 2 a.m. ET. Futures linked to the S&amp;P 500 were up by 1.42%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>): The anticipation of Trump&#8217;s return to White also boosted Bitcoin to surpass the 75,000 mark and reached 75,249.06 at the time of writing on Wednesday early morning.
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/41703265/haley-tells-pennsylvania-voters-to-put-emotion-aside-and-rally-behind-trump?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Haley Tells Pennsylvania Voters To Put Emotion Aside And Rally Behind Trump</a>
Treasury Yields: Treasury yields also<a href="https://www.benzinga.com/news/24/11/41765345/treasury-yields-pop-on-trump-victory-chances-10-year-benchmark-reaches-4-month-high"> saw an increase in overnight trading </a>as investors evaluated the early results from the tight presidential race. The 10-year Treasury yield jumped 14 basis points to 4.431%, hitting its highest level since July 2. The yield on the 2-year Treasury was up by 8 basis points to 4.285%, reaching its highest level since July 31.
Dollar: The Bloomberg Dollar Spot Index rose sharply by 1.4%, marking its highest point in over three months. The U.S. dollar strengthened across the board against all G10 currencies, with notable increases of over 1% against both the euro and the yen.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/11/41710411/market-analyst-who-predicted-trumps-2016-win-and-bidens-2020-victory-now-sees-former-president-retak?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Market Analyst Who Predicted Trump&#8217;s 2016 Win And Biden&#8217;s 2020 Victory, Now Sees Former President Retakin</a></li>
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

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AudioCodes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUDC#NASDAQ">AUDC</a>) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.23 by 30.43 percent. This is a 36 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $60.243 million which missed the analyst consensus estimate of $61.192 million by 1.55 percent. This is a 2.19 percent decrease over sales of $61.591 million the same period last year.

Earnings

Earnings Misses

AUDC

AudioCodes Q3 2024 Adj. EPS $0.16 Misses $0.23 Estimate, Sales $60.243M Miss $61.192M Estimate

Sales growth is now expected to be 23% to 27% at CER.&nbsp;
Given the current exchange rates versus the Danish krone, sales growth reported in DKK is still expected to be 1 percentage point lower than at CER. The guidance reflects expectations for sales growth in both North America Operations and International Operations, mainly driven by volume growth of GLP-1-based treatments for Obesity and Diabetes care. Continued pricing pressure within Diabetes and Obesity care is included in the guidance.&nbsp;
Following higher-than-expected volume growth in recent years, including GLP-1-based products such as Ozempic&#xAE; and Wegovy&#xAE; , combined with the expectation of continued volume growth and capacity limitations at some manufacturing sites, the outlook also reflects expected continued periodic supply constraints and related drug shortage notifications across a number of products and geographies. Novo Nordisk is investing in internal and external capacity to increase supply both short and long-term.
Operating profit growth is now expected to be 21% to 27% at CER. Given the current exchange rates versus the Danish krone, growth reported in DKK is now expected to be 2 percentage points lower than at CER.
The expectation for operating profit growth primarily reflects the sales growth outlook and continued investments in future and current growth drivers within Research, Development and Commercial. Within R&amp;D, investments are related to the continued expansion and progression of the early and late-stage pipeline. Commercial investments are mainly related to Obesity care market development activities as well as investments related to GLP-1 diabetes care.&nbsp;
Novo Nordisk now expects financial items (net) to amount to a loss of around DKK 0.1 billion. The effective tax rate for 2024 is now expected to be in the range of 20-21%.&nbsp;
Capital expenditure is still expected to be around DKK 45 billion in 2024, reflecting expansion of the global supply chain. The investments will create additional capacity across the supply chain, including manufacturing of active pharmaceutical ingredients (API), additional aseptic production and finished production processes as well as packaging capacity. In the coming years, the capital expenditure to sales ratio is still expected to be low double-digit.&nbsp;
Depreciation, amortisation and impairment losses are still expected to be around DKK 17 billion, including the impairment of ocedurenone.

Guidance

Novo Nordisk 2024 Outlook, Updated: Now Expects Sales Growth Of 23%-27% (Prior 22%-28%) And Operating Profit Growth Of 21%-27% (Prior 20%-28%)

Macro Economic Events

Econ #s

Germany Factory Orders (MoM) For September 4.2% Vs. 1.6% Est.; -5.8% Prior

Approval based on Phase 3 data showing significantly more children aged 1 to 11 years on Dupixent achieved histological disease remission at 16 weeks compared to placebo, which was sustained up to one year
Dupixent is the first-ever medicine in the EU indicated to treat these young patients, who persistently struggle to eat at a critical stage in life where growth is crucial

Health Care

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Regeneron And Sanofi's Dupixent Receives EU Approval For Children With Eosinophilic Esophagitis, Offering New Hope For Ages 1 To 11

Novo Nordisk (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) reported quarterly earnings of DKK6.12 per share which beat the analyst consensus estimate of DKK6.02 by 1.66 percent. This is a 22.4 percent increase over earnings of DKK5.00 per share from the same period last year. The company reported quarterly sales of DKK71.311 billion which missed the analyst consensus estimate of DKK71.891 billion by 0.81 percent. This is a 21.42 percent increase over sales of DKK58.731 billion the same period last year.

Earnings Beats

Novo Nordisk Q3 2024 GAAP EPS DKK6.12 Beats DKK6.02 Estimate, Sales DKK71.311B Miss DKK71.891B Estimate

South Dakota voters rejected Measure 29 on Tuesday, which sought to legalize cannabis for adults. The initiative aimed to allow individuals aged 21 and older to possess limited amounts of cannabis and cultivate plants at home, but it did not receive the necessary <a href="https://www.benzinga.com/cannabis">support from voters.</a>
The Associated Press <a href="https://apnews.com/projects/election-results-2024/south-dakota/?r=83042">reported</a> that with 50% of the votes counted at 2:00 am on Wednesday, the No vote had garnered nearly 60% of the vote. 
Measure 29 proposed that adults could possess up to 2 ounces of cannabis flower, 16 grams of cannabis concentrates, and 1,600 milligrams of THC in other products. It also included provisions for growing up to six cannabis plants at home, with a total limit of 12 plants per residence.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/06/39364741/majority-of-south-dakotans-are-against-recreational-cannabis-legalization-new-poll-finds">Majority Of South Dakotans Are Against Recreational Cannabis Legalization, New Poll Finds</a>
<h3 class="wp-block-heading">Industry Leaders React: Economic And Social Impacts Of Measure 29&#8217;s Failure</h3>
Gurpreet (Pete) Sahani, CEO of The Blinc Group, expressed disappointment: "The failure of this amendment highlights ongoing challenges in legalizing cannabis in South Dakota. However, the need for reform won't be silenced by this outcome. The push for cannabis legalization will continue."
John Mueller, CEO and co-founder of Greenlight, calls the outcome "a missed opportunity." 
"South Dakota will continue to miss out on the economic and public safety benefits that come with a regulated adult-use cannabis market," he said, stressing that legal access to cannabis provides safer options for consumers.
For Ray DeSabato, CEO of Chorus, the result came as no surprise. "Given South Dakota's traditionally restrictive nature to marijuana, it's unsurprising that this measure failed." He also noted that cultivation quality and compliance are ongoing concerns in cannabis, with current prevention solutions having limited impact.
Peter Dikun, owner of Flower Shop Dispensary, sees the vote as a "huge loss" for both the industry and residents. 
"If IM29 doesn't pass, the state misses out on tax revenue and jobs, and we keep wasting taxpayer dollars on prosecutions," he says. Dikun is also concerned about the growing opposition and spread of misinformation surrounding cannabis.
Todd Smith, CEO of The Hills LLC, predicts: &#8220;A lot of cannabis companies will close their doors. There will only be a handful that stay open and hopefully survive till the next opportunity to get on the ballot.&#8221;
<h3 class="wp-block-heading">Previous Attempts At Legalization</h3>
This was the third attempt at legalizing cannabis in South Dakota. In 2020, Amendment A was passed by 54% of voters but was later overturned by the state Supreme Court. The 2022 initiative, Measure 27, also failed to pass, indicating the challenges faced by cannabis advocates in the state
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Cover image made with AI.

Cannabis

South Dakota Rejects Measure 29: Cannabis Legalization Fails Again

In a stark contrast of election night atmospheres, former President Donald Trump is rallying his supporters while Vice President Kamala Harris&#8217; campaign has reportedly gone silent, with no plans to address the public.
What Happened: Trump supporters are flocking to the Palm Beach Convention Center to hear the former President speak. Trump is expected to make his way from Mar-a-Lago to address the crowd, <a href="https://apnews.com/live/trump-harris-election-updates-11-5-2024#00000192-fff3-dc56-a39e-fff775770000">reported</a> the Associated Press.
Former presidential candidate Robert F. Kennedy Jr. is the latest to join Trump&#8217;s watch party while Trump&#8217;s son Donald Trump Jr. has already started pumping his fist in the air.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/11/41710411/market-analyst-who-predicted-trumps-2016-win-and-bidens-2020-victory-now-sees-former-president-retak?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Market Analyst Who Predicted Trump&#8217;s 2016 Win And Biden&#8217;s 2020 Victory, Now Sees Former President Retaking The White House With &#8216;Large Majority Of Swing States&#8217;</a>
Earlier at Mar-a-Lago on election night, Eduardo Bolsonaro, son of former Brazilian President Jair Bolsonaro, and Nigel Farage, a prominent anti-immigration figure and leader of the U.K.&#8217;s Reform Party were in attendance.
Other notable figures at Mar-a-Lago included billionaire Elon Musk and former Fox News host Tucker Carlson.
On the other hand, the mood at the Harris campaign&#8217;s&nbsp;election night watch party at&nbsp;Howard University has reportedly shifted. The campaign has stopped its CNN broadcasts, and some supporters have begun to depart from the event.
Trump campaign spokesperson, Karoline Leavitt, remarked on the situation at the Harris watch party, saying, &#8220;Sounds&nbsp;like the joy has left&nbsp;the building.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Sounds like the joy has left the building&#8230; <a href="https://t.co/WlWCjkGJrs">pic.twitter.com/WlWCjkGJrs</a>
&mdash; Karoline Leavitt (@kleavittnh) <a href="https://twitter.com/kleavittnh/status/1854029646947348607?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
As the night continues, it is reported that Vice President Harris has no plans to address the public, reported Associated Press, citing a person familiar with the White House.
Why It Matters: This development comes after Trump&#8217;s victory in North Carolina, a key swing state in the 2024 presidential race.
Trump secured the <a href="https://www.benzinga.com/news/24/11/41764893/trump-secures-key-swing-state-north-carolina-extending-lead-over-harris-in-2024-presidential-race">state&#8217;s 16 electoral votes</a> with a significant lead over Harris.
Trump also won in Georgia. In fact, Georgia has become the first state to flip from the 2020 election results with Trump's victory.
Four years ago, Trump lost Georgia to Democrat Joe Biden by a slim margin of 11,779 votes—a number that became notable after Trump pressed Georgia election officials to help him find just enough votes to surpass Biden's total.
Image via Shutterstock
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Trump Packs In Crowds While Harris Shuts Down CNN: 'The Joy Has Left The Building' — No Plans For VP To Speak Tonight

Yields on U.S. sovereign debt rose during election night as investors digested the preliminary results from the closely contested fight between Donald Trump and Kamala Harris.
What happened: The benchmark 10-year Treasury yield popped 12 basis points to 4.412%, a level not seen since July 2.&nbsp;
Similarly, the yield on 2-year government bonds lifted 6 basis points to 4.262%, the highest since last week of July. The yields on the 30-year Treasury lifted 15 basis points to 4.606% as of this writing.&nbsp;
The uptick comes as the market raised expectations of Trump's White House comeback after the GOP nominee won battleground states of North Carolina and Georgia.&nbsp;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41756625/will-donald-trump-prematurely-claim-victory-5-polymarket-markets-to-watch-on-election-nigh">Will Donald Trump Prematurely Claim Victory? 5 Polymarket Markets To Watch On Election Night</a>
The market became wary of each candidate's fiscal policies as both Trump and Harris have <a href="https://www.benzinga.com/government/24/10/41611073/trump-vs-harris-how-their-fiscal-plans-could-add-trillions-to-the-us-national-debt">proposed expansive tax and spending measures</a> that would deepen the debt — already projected to reach a historic high in the coming years.
According to the CRFB&#8217;s central estimate, Trump would increase the national debt by $7.75 trillion between 2026 and 2035, leading the government to issue more bonds to fund the deficit.&nbsp;
Aside from Treasury securities, other <a href="https://www.benzinga.com/news/24/11/41763731/bitcoin-past-73k-dollar-gold-stock-futures-rise-as-trump-harris-results-trickle-in">market indices rose sharply</a>, including stock futures, the dollar, and gold, while oil fell. 
Photo by Steve Heap on Shutterstock
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Treasury Yields Pop On Trump Victory Chances, 10-Year Benchmark Reaches 4-Month High

BUSINESS OUTLOOK FOR FULL-YEAR 2024 CONFIRMED } Group revenues expected in the range of € 790 – 820 m (2023: € 781.4 m).&nbsp; &nbsp;R&amp;D expenditures are expected in a range of € 50 – 60 m (2023: € 64.8 m).&nbsp; &nbsp;Adjusted Group EBITDA is expected to reach € 15 – 35 m (2023: € 66.4 m).

Evotec Reaffirms 2024 Outlook: Revenues Of €790M-€820M, And Adjusted Group EBITDA Of €15M-€35M

Evotec (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) reported quarterly losses of $(0.12) per share which missed the analyst consensus estimate of $(0.10) by 21 percent. This is a 0.83 percent decrease over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $203.213 million which missed the analyst consensus estimate of $208.977 million by 2.76 percent. This is a 4.88 percent decrease over sales of $213.639 million the same period last year.

Evotec Q3 2024 GAAP EPS $(0.12) Misses $(0.10) Estimate, Sales $203.213M Miss $208.977M Estimate

Benzinga Election Update: AP Projects Trump With 247 Electoral Votes, Harris With 210 Electoral Votes; AP Projects Trump To Win Georgia And Nebraska

Editor&#8217;s Note: This article has been updated with the latest developments.
As polls begin to close for the 2024 presidential election, the nation waits to see if Donald Trump or Kamala Harris will secure a historic victory.
Trump has secured Kentucky and Indiana, while Harris has won Vermont, <a href="https://decisiondeskhq.com/results/2024/General/President/">according</a> to the Associated Press. With 34% of votes counted in Kentucky, Trump leads with 64.6%. In Indiana, with 24% of votes counted, Trump holds 64%. Meanwhile, with 20% of Vermont&#8217;s votes tallied, Harris has 69%.
In Kentucky, Trump received the endorsement of Senate GOP Leader Mitch McConnell (R-Ky.) despite their previous differences over the Jan.6 Capitol Riots, noted AP.
Vermont is considered a Democrat stronghold and the state&#8217;s Republican Governor Phil Scott voted Democrat in this election, according to the report.
Trump&#8217;s former Vice President and former Indiana Governor Mike Pence <a href="https://www.benzinga.com/news/24/03/37764902/no-surprise-former-trump-ally-refuses-to-endorse-ex-president-in-2024-cites-differences-in-conservat">did not endorse</a> him in the 2024 run but the Hoosier State is a reliable GOP stronghold where the party has held the governor&#8217;s office for the past two decades.
West Virginia voted for Trump for the third straight presidential election cycle as well. No democrat has won the presidential election in the state since Bill Clinton in 1996, according to AP.
Florida, the third-largest prize of the night in electoral votes, delivered a predictable victory for Trump, as the state has trended Republican over the past decade, noted AP.
The last Democrat to carry Florida was Barack Obama in 2012, but since then, the state has solidified its shift toward the GOP in statewide elections.
The rejection of the abortion rights measure marks Florida as the first state where such a proposal has failed since the overturning of Roe v. Wade in 2022. The initiative sought to prevent lawmakers from imposing abortion restrictions before viability or when necessary to protect the health of the patient.
Trump&#8217;s victory in Georgia marks the state&#8217;s shift from the 2020 election results, becoming the first to flip.
Key Battleground States
As of early morning updates, Trump holds leads in multiple battleground states, with notable margins in some areas:
<ul>
<li>Georgia: Trump leads by 2% with 93% of votes counted.</li>
<li>North Carolina: Trump has a 3% lead with 92% of the vote in.</li>
<li>Florida: Trump holds a substantial 13% lead, with 98% of votes counted.</li>
<li>Maine's 2nd Congressional District: Trump leads by 11% with 45% reporting.</li>
<li>Pennsylvania: Trump leads by 3% with 86% of votes counted.</li>
<li>Arizona: Trump has a narrow lead of less than 1% with 51% of votes tallied.</li>
<li>Michigan: Trump is ahead by 6% with 53% counted.</li>
<li>Wisconsin: Trump leads by 4% with 81% of votes counted.</li>
</ul>
On the Democratic side, Nebraska's 2nd Congressional District shows Harris in the lead by 8% with 84% of votes counted.
"We still have votes to count. We still have states that have not been called yet. We will continue overnight to fight to make sure that every vote is counted," Cedric Richmond, Harris' campaign co-chair, said on Tuesday, according to AP. "So you won't hear from the vice president tonight, but you will hear from her tomorrow."
Next: 
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41760961/djt-stock-volatile-on-election-day-donald-trumps-media-company-reports-q3-earnings-growth-initiativ">DJT Stock Volatile On Election Day: Donald Trump&#8217;s Media Company Reports Q3 Earnings, Growth Initiatives</a></li>
</ul>
Image via Wikimedia Commons
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

Trump Wins Georgia, Leading In Key Battleground States Of Michigan, Pennsylvania, Arizona — Harris Campaign Co-Chair Addresses Demoralized Election Watch Party (UPDATED)

Tesla and SpaceX CEO Elon Musk has dismissed the pressure he faced for shutting down X, formerly Twitter, in comparison to the tribulations faced by Republican presidential nominee Donald Trump.
What Happened: Musk made these remarks during an appearance on Tucker Carlson&#8217;s online show, broadcasted from Trump&#8217;s Mar-a-Lago estate on Election Day.
In response to questions about the pressure to shut down X, the tech mogul replied with sarcasm.
He noted that, aside from multiple Democrats wanting to jail him, revoke government contracts from his companies, nationalize his businesses, deport him as an illegal immigrant, and arrest him for allegedly being Vladimir Putin's best friend, there wasn't much else.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/11/41710411/market-analyst-who-predicted-trumps-2016-win-and-bidens-2020-victory-now-sees-former-president-retak?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Market Analyst Who Predicted Trump&#8217;s 2016 Win And Biden&#8217;s 2020 Victory, Now Sees Former President Retaking The White House With &#8216;Large Majority Of Swing States&#8217;</a>
Musk later shared the video&nbsp;on X and added,&nbsp;&#8220;Sure, it was a lot&nbsp;of pressure, but it pales&nbsp;by comparison with President Donald&nbsp;Trump, who they tried to&nbsp;kill twice, bankrupt, and imprison&nbsp;for eternity.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Sure it was a lot of pressure, but it pales by comparison with President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a>, who they tried to kill twice, bankrupt and imprison for eternity <a href="https://t.co/nUFeVcArtQ">https://t.co/nUFeVcArtQ</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1854024475559248300?ref_src=twsrc%5Etfw">November 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Earlier this year, Republican nominee Donald Trump faced <a href="https://www.benzinga.com/news/24/09/40872269/fbi-investigating-trumps-second-assassination-attempt-authorities-detain-pro-ukraine-construction-co">two separate assassination attempts</a>.
If he secures a win, he will be&nbsp;the second president to serve&nbsp;non-consecutive terms. He will also become the oldest person ever&nbsp;elected to the presidency and&nbsp;also the first convicted felon&nbsp;to hold office while under&nbsp;legal indictment.
Why It Matters: Previously, President Joe Biden alleged that <a href="https://www.benzinga.com/news/24/10/41562764/elon-musk-fires-back-after-biden-alleges-tesla-ceo-violated-student-visa-norms-says-he-was-allowed-t">Musk violated student visa norms</a> when he first arrived in the U.S. He referred to Musk as a Trump "ally" and an &#8220;illegal worker.&#8221;
At the time, Musk retorted by saying, &#8220;I was in fact allowed to work in the U.S.,&#8221; adding that Biden was lying.
A Trump victory in the U.S. Presidential election could be a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41709990/trump-and-tesla-what-the-future-holds-for-elon-musks-ev-giant-in-case-of-a-gop-win">&#8220;potential positive&#8221; for Musk&#8217;s company</a> Tesla, according to analysts from Wedbush.
While a Trump victory could impact the electric vehicle industry overall, it could benefit Tesla due to its unmatched scale and scope in the EV industry.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/11/41733346/obamas-former-campaign-manager-alarmed-by-early-voting-numbers-as-harris-trump-fight-close-battle-re?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Obama&#8217;s Former Campaign Manager Alarmed By Early Voting Numbers As Harris-Trump Fight Close Battle: &#8216;Republicans Didn&#8217;t Do What They Did Last Time&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Elon Musk Tells Tucker Carlson That The Pressure He Faced For Shutting Down X 'Pales In Comparison' With What Trump Went Through

Former President Donald Trump won North Carolina in the <a href="https://pro.benzinga.com/dashboard">2024 presidential race</a>, securing the state&#8217;s 16 electoral votes with a substantial lead over Vice President Kamala Harris.
What Happened: With nearly 94% of expected votes counted, Trump led by more than 195,000 votes or 3.6 percentage points, according to projections <a href="https://decisiondeskhq.com/results/2024/General/President/">by</a> the Associated Press. The margin represents a stronger performance than his 2020 victory in North Carolina when he won by less than 2 percentage points.
Election officials reported higher voter turnout in areas where Trump performed well while noting decreased participation in districts favoring Harris. The pattern marks a significant shift from previous voting trends in the state.
The announcement of Trump&#8217;s North Carolina victory sparked immediate celebration at his election watch party. Supporters erupted in cheers, with some pumping their fists in the air and others jumping in excitement as the results appeared on screen. The crowd began chanting &#8220;fight, fight, fight&#8221; as the AP projection was confirmed.
See Also: <a href="https://www.benzinga.com/news/24/11/41763731/bitcoin-past-73k-dollar-gold-stock-futures-rise-as-trump-harris-results-trickle-in">Bitcoin Past $73K — Dollar, Gold, Stock Futures Rise As Trump-Harris Results Trickle In</a>
The prediction market Polymarket, which has processed more than $3.5 billion in election-related trading volume, showed significant movement following the North Carolina results. 
Current market sentiment reflects Trump at 97% and Harris at 3.4% in presidential odds. The platform&#8217;s traders strongly anticipate that the Associated Press will make its final election call by Wednesday, November 6, assigning this outcome an 82% probability.
The race for the presidency continues as votes are being counted in other states across the country. North Carolina&#8217;s results represent just one step in the path to securing the 270 electoral votes needed to win the presidency.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/11/41763478/trump-media-reddit-devon-energy-super-micro-computer-and-tesla-buzzing-among-investors-on-electi">Trump Media, Reddit, Devon Energy, Super Micro Computer, And Tesla Buzzing Among Investors On Election Day</a></li>
</ul>
Image Via Flickr 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Secures Key Swing State North Carolina, Extending Lead Over Harris In 2024 Presidential Race

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) said on Monday that it has started delivering its latest offering — <a href="https://www.benzinga.com/topic/tesla-cybertruck">the Cybertruck</a> — to customers in Canada, making it the third country the stainless steel truck has expanded to after the U.S. and Mexico.
What Happened: &#8220;Canada Cybertruck deliveries have begun,&#8221; the company said on its official X account. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Cyber Monday
&mdash; Cybertruck (@cybertruck) <a href="https://twitter.com/cybertruck/status/1853611061552750686?ref_src=twsrc%5Etfw">November 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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&#8220;Was craving some Tim Hortons,&#8221; Tesla wrote on its X account dedicated to the Cybertruck, referring to the Canadian multinational coffeehouse. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">O Canada <a href="https://t.co/UaZFaZ4Cu7">pic.twitter.com/UaZFaZ4Cu7</a>
&mdash; Cybertruck (@cybertruck) <a href="https://twitter.com/cybertruck/status/1853799887097213021?ref_src=twsrc%5Etfw">November 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In September, Cybertruck Program Manager&nbsp;Siddhant Awasthi&nbsp;said that the EV giant will likely start delivering the&nbsp;<a href="https://www.benzinga.com/news/24/09/40849409/former-top-gear-host-james-may-thinks-a-vehicle-the-size-of-a-fiat-panda-but-styled-like-tesla-cyber" target="_blank" rel="noreferrer noopener">stainless steel truck</a>&nbsp;in Canada in late October. 
Why It Matters:&nbsp;The foundation series Cybertruck starts at C$137,990 ($101,505) for the all-wheel drive variant and at C$165,990 ($122,101) for the more premium Cyberbeast variant in Canada.
The&nbsp;foundation series&nbsp;refers to a limited and pricier edition of the Cybertruck with laser-etched&nbsp;foundation series&nbsp;badges and premium accessories.
Tesla started delivering the Cybertruck to customers in the U.S. in November last year and to&nbsp;<a href="https://www.benzinga.com/news/24/09/41039631/tesla-begins-cybertruck-deliveries-in-mexico-before-canada-first-country-to-get-the-stainless-steel" target="_blank" rel="noreferrer noopener">customers in Mexico late </a>in September. 
In February, Tesla displayed its complete product lineup at the Canadian auto show in Toronto, including the Cybertruck. At the time, a&nbsp;<a href="https://www.benzinga.com/news/24/02/37304997/tesla-executive-sheds-light-on-cybertruck-availability-in-canada-have-to-file-some-routine-paperwork" target="_blank" rel="noreferrer noopener">company executive confirmed</a>&nbsp;that the electric car would go on sale in the land of the maple syrup due to growing interest, but noted that they "have to file some routine paperwork." In July, Tesla confirmed that it intends to start delivering the vehicle in Canada this year.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/11/41738613/elon-musk-rejects-rumors-of-a-tesla-phone-but-says-the-ev-giant-will-have-to-make-one-if-this-happen" target="_blank" rel="noreferrer noopener">Elon Musk Rejects Rumors Of A Tesla Phone, But Says The EV Giant Will Have To Make One If This Happens</a></li>
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Photo courtesy: Tesla

TSLA

Tesla Commences Cybertruck Deliveries In Canada After Long Wait

The technology industry is well-positioned for significant growth thanks to the growing demand for IT services and rapid technological penetration. Amid this backdrop, it could be wise to buy under $20 tech stocks, such as stocks TaskUs (TASK), PROS Holdings (PRO), and OneSpan (OSPN) with multibagger potential. Continue reading… Businesses heavily depend on software solutions to enhance operations, elevate customer experiences, gain data-driven insights, and protect their systems as they strive to adapt and stay competitive in the ever-changing digital landscape.
Thus, investors could consider adding fundamentally sound tech stocks TaskUs, Inc. (<a href="https://stocknews.com/stock/TASK/">TASK</a>), PROS Holdings, Inc. (<a href="https://stocknews.com/stock/PRO/">PRO</a>), and OneSpan Inc. (<a href="https://stocknews.com/stock/OSPN/">OSPN</a>) to their portfolios, which are currently trading under $20.
The growing demand for IT services for management and implementation is fueled by the widespread adoption of cloud computing and its benefits, such as scalability, cost savings, and automatic updates.
Companies are actively seeking automation solutions to boost productivity and streamline processes. Therefore, the global IT services market is expected to grow at a <a href="https://www.precedenceresearch.com/it-services-market">CAGR of 7.1%</a> by 2034.
Moreover, in today's technologically advanced world, the global cybersecurity market is crucial in safeguarding businesses, organizations, and individuals against cyber threats and attacks. The global cybersecurity market is expected to grow at a <a href="https://www.datamintelligence.com/research-report/cyber-security-market">CAGR of 11.3%</a> by 2031.
As companies are actively seeking upgradation, tech spending is flying high. According to Gartner, global IT spending is expected to grow by 7.5% this year, while software spending is projected to <a href="https://www.gartner.com/en/newsroom/press-releases/2024-07-16-gartner-forecasts-worldwide-it-spending-to-grow-7-point-5-percent-in-2024">grow by 12.6%</a> in the same period.
Considering these factors, let's take a look at the fundamentals of the three tech stock picks.
TaskUs, Inc. (<a href="https://stocknews.com/stock/TASK/">TASK</a>)
TASK provides digital outsourcing services for companies. It offers a digital customer experience that consists of omnichannel customer care services primarily delivered through non-voice digital channels and other solutions, including experience and customer care services for new product or market launches and customer acquisition solutions.
On June 3, 2024, TASK and AI-powered product support platform Mavenoid announced their strategic partnership. Together, TASK and Mavenoid would combine expertise in AI and personalized product support to optimize next-generation, personalized self-help product support solutions trusted by some of the world's leading consumer brands.
TASK's forward <a href="https://www.investopedia.com/terms/e/ev-ebitda.asp">EV/EBITDA</a> of 6.13x is 44.8% lower than the industry average of 11.12x. Its forward EV/EBIT multiple of 13.26 is 14.8% lower than the industry average of 15.56.
For the second quarter ended June 30, 2024, TASK reported service revenue at $237.94 million, up 3.8% year-over-year. Its adjusted EBITDA came in at $51.25 million. The company's adjusted net income stood at $28.64 million and $0.31 per share. In addition, as of June 30, 2024, the company's total assets stood at $886.15 million, compared to $864.20 million as of December 31, 2023.
Analysts expect TASK's revenue for the fourth quarter (ending December 2024) to increase 10% year-over-year to $256.73 million, while its EPS is expected to grow marginally year-over-year to $0.35. In addition, the company surpassed the consensus EPS and revenue estimates in each of the trailing four quarters.
Over the past year, the stock has gained 34.5% to close the last trading session at $13.40.
TASK's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
TASK has an A grade for Growth and a B for Quality and Value. It is ranked #6 out of 75 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry.
Beyond what is stated above, we've also rated TASK for Stability, Sentiment, and Momentum. Get all TASK ratings <a href="https://stocknews.com/stock/TASK/">here</a>.
PROS Holdings, Inc. (<a href="https://stocknews.com/stock/PRO/">PRO</a>)
PRO provides software solutions that optimize selling and shopping processes in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally.
PRO's forward Price/Sales of 2.71x is marginally lower than the industry average of 2.72x.
In the second quarter that ended June 30, 2024, PRO's total revenue increased 8% year-over-year to $82 million. Its gross profit grew 37.3% from the year-ago value to $53.19 million. Its non-GAAP net income and non-GAAP EPS were $3.25 million and $0.07 compared to non-GAAP net loss and non-GAAP loss per share of $309 thousand and $0.01, respectively.
Street expects PRO's revenue to increase 6.3% year-over-year to $82.09 million for the third quarter ending September 2024. The company's EPS for the same quarter is expected to be $0.09. Also, PRO surpassed the consensus revenue estimates in each of the trailing four quarters, which is impressive.
The stock has gained marginally intraday to close the last trading session at $19.01.
PRO's robust fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to a Buy in our proprietary rating system.
The stock has an A grade for Growth. PRO is ranked #29 out of 131 stocks in the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry.
<a href="https://stocknews.com/stock/PRO/">Click here</a> to access the additional PRO ratings (Momentum, Sentiment, Quality, Stability, and Value).
OneSpan Inc. (<a href="https://stocknews.com/stock/OSPN/">OSPN</a>)
OSPN designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, OneSpan Cloud Authentication, and OneSpan Identity Verification.
On June 11, 2024, OSPN announced the launch of the OneSpan Integration Platform. This platform enables organizations to effortlessly integrate eSignatures into well-known applications, ensuring that sending, signing, and storing transactions is seamless and more efficient. 
OSPN's trailing-12-month Price/Sales of 2.30x is 15.5% lower than the industry average of 2.72x. Its forward EV/Sales multiple of 2.08 is 23.3% lower than the industry average of 2.71.
OSPN's total revenue for the fiscal second quarter that ended June 30, 2024, amounted to $60.92 million, up 9.3% year-over-year. Its gross profit rose 17.6% from the prior-year quarter to $40.34 million. The company's non-GAAP net income stood at $11.98 million and $0.31 per share, respectively, compared to a non-GAAP net loss of $7.28 million and $0.18 per share in the year-ago quarter.
For the quarter ending September 30, 2024, OSPN's EPS is expected to increase 114.8% year-over-year to $0.19. Its revenue for the same quarter is expected to be $55.31 million. It surpassed consensus revenue and EPS estimates in each of the trailing four quarters.
Over the past three months, the stock gained 29%, closing the last trading session at $15.48.
OSPN's POWR Ratings reflect bright prospects. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
The stock has a B grade for Value and Growth. OSPN is ranked #4 out of 23 stocks in the B-rated <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry.
In addition to the POWR Ratings highlighted above, one can access OSPN's ratings (Quality, Momentum, Stability, and Sentiment) <a href="https://stocknews.com/stock/OSPN/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
TASK shares were trading at $14.04 per share on Wednesday morning, up $0.64 (+4.78%). Year-to-date, TASK has gained 7.42%, versus a 15.21% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/task-pro-ospn-3-tech-stocks-under-20-with-multibagger-potential/>3 Tech Stocks Under $20 With Multibagger Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Under $20 With Multibagger Potential

CrowdStrike's (CRWD) robust financial and AI-driven strategic innovations position it as a leader in providing cybersecurity solutions. However, the company's recent faulty software update and elevated valuation raise questions. Is now the right time to invest in CRWD? Read on to find out... The digital revolution led to a significant surge in cyber threats, making cybersecurity more crucial than ever. One such company that leads in the cybersecurity sector is CrowdStrike Holdings, Inc. (<a href="https://stocknews.com/stock/CRWD/">CRWD</a>), redefining modern security with the world's advanced cloud-native platform to protect key areas of enterprise risk like endpoints and cloud workloads, identity, and data.
With the convergence of cybersecurity and artificial intelligence (AI), investors are keen to understand whether CrowdStrike remains a strong buy in the rapidly changing tech landscape.
CRWD reported <a href="https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-first-quarter-fiscal-year-2025-financial">first-quarter 2025 results</a> that surpassed analyst estimates on both the top and bottom lines. The company posted revenue of $921.04 million, compared to analysts' estimate of $904.82 million. Subscription revenue increased 33.9% year-over-year, and professional services revenue rose 18%.
In addition, the cybersecurity giant posted first-quarter non-GAAP EPS of $0.93, exceeding the consensus estimate of $0.89. CrowdStrike started the fiscal year with strong momentum and strength, with net new annual recurring revenue (ARR) of $212 million, rising 22% year-over-year and ending ARR growing 33% year-over-year to reach $3.65 billion.
According to the guidance for the second quarter of fiscal 2025, CRWD expects total revenue between $958.30 million and $961.20 million. Its non-GAAP income from operations is anticipated to be $208.30 million - $210.50 million. Non-GAAP net income attributable to CrowdStrike is expected to be $245.70 million - $247.80 million and $0.98 - $0.99 per share.
Furthermore, the company raised its full-year 2025 guidance. CRWD expects total revenue of $3.98 billion - $4.01 billion. Its non-GAAP income from operations is expected to range from $890.10 million to $916.50 million. Non-GAAP net income attributable to CrowdStrike is expected to be $985.60 million - $1.01 billion, or $3.93 - $4.03 per share.
However, CRWD's stock took a significant hit last month, dropping around 40% in July following the company's <a href="https://www.cnbc.com/2024/07/19/what-is-crowdstrike-crwd-and-how-did-it-cause-global-it-outages.html">faulty software update</a>, which led to a cascade effect among global IT systems. On July 19, CrowdStrike experienced a major disruption after an issue with a software update, which caused Windows to crash and industries from banking to airlines facing outages.
Although CrowdStrike acted quickly to resolve the issue, the resulting negative publicity and potential lawsuits have deterred mainly investors from buying the stock. Shares of CRWD have plunged 12.8% over the past six months to close its last trading session at $271.54. However, the stock is up marginally over the past month and 6.4% year-to-date.
Let's look at factors that could influence CRWD's performance in the upcoming months.
Recent Strategic Developments
On June 26, CRWD announced that it exceeded $1 billion in total sales over the lifetime of its partnership with CDW Corporation (<a href="https://stocknews.com/stock/CDW/">CDW</a>), a prominent multi-brand provider of IT solutions. CrowdStrike and CDW jointly lead cybersecurity transformation for thousands of organizations globally through the AI-native <a href="https://www.crowdstrike.com/platform/">CrowdStrike Falcon&#xAE; platform</a>.
On June 18, CRWD partnered with Hewlett Packed Enterprise (<a href="https://stocknews.com/stock/HPE/">HPE</a>) to <a href="https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-collaborates-hewlett-packard-enterprise-secure-end">secure end-to-end AI innovation</a>, including large language models (LLMs), accelerated by NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>). Integrating the Falcon platform with HPE GreenLake cloud and OpsRamp AIOps unifies security and IT teams in monitoring accelerated AI workload IT alerts and adversary activity.
Also, on May 30, CrowdStrike and Cloudflare, Inc. (<a href="https://stocknews.com/stock/NET/">NET</a>), the leading connectivity cloud company, <a href="https://www.cloudflare.com/it-it/press-releases/2024/crowdstrike-and-cloudflare-announce-expanded-strategic-partnership-to-secure/">expanded their strategic partnership</a> to secure networks and power the AI-native Security Operations Center (SOC).
The new alliance combines market-leading Zero Trust protection and connectivity from Cloudflare One&#x2122; with best-in-class AI-native cybersecurity from CrowdStrike Falcon&#xAE; Next-Gen SIEM on the Falcon&#xAE; platform, accelerating partners' ability to drive vendor consolidation by securing the network and stopping breaches across device endpoints, cloud, data, and applications.
Robust Financials
During the first quarter that ended April 30, 2024, CRWD's total revenue increased 33% year-over-year to $921.04 million. Its gross profit rose 33% from the year-ago value to $696.03 million. Its non-GAAP income from operations grew 71.5% year-over-year to $198.74 million.
Further, non-GAAP net income attributable to CrowdStrike came in at $231.67 million and $0.93 per share, up 69.9% and 63.2% from the prior year's quarter, respectively. Its <a href="https://www.investopedia.com/terms/f/freecashflow.asp">free cash flow</a> rose 41.8% year-over-year to $322.46 million. As of April 30, 2024, its total assets were $6.84 billion, compared to $6.65 billion as of January 31, 2024.
Solid Historical Growth
CRWD's revenue has grown at a CAGR of 48.7% over the past three years. Its total assets have increased at a CAGR of 33.4% over the same period, and its levered free cash flow has grown at a CAGR of 33.9%. Furthermore, the company's tangible book value has improved at a CAGR of 63.4% over the same timeframe.
Favorable Analyst Estimates
Analysts expect CRWD's revenue for the second quarter (ended July 2024) to increase 31% year-over-year to $958.36 million. The consensus EPS estimate of $0.97 for the current quarter reflects a 30.5% year-over-year improvement. Moreover, the company has topped consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
In addition, Wall Street expects the company's revenue and EPS for the fiscal year (ending January 2025) to grow 29.6% and 26.7% from the previous year to $3.96 billion and $3.91, respectively. For the fiscal year 2026, CRWD's revenue and EPS are expected to increase 24.3% and 20.7% year-over-year to $4.92 billion and $4.73, respectively.
Elevated Valuation
In terms of forward non-GAAP P/E, CRWD is trading at 69.37x, 190.8% higher than the industry average of 23.86x. Similarly, the stock's forward EV/Sales of 15.96x is 440.4% higher than the industry average of 2.95x. Its forward EV/EBITDA of 61.55x is 319.2% higher than the 14.68x industry average.
Also, the stock's forward Price/Sales and Price/Cash Flow multiples of 16.69 and 45.10 are 464% and 102.7% higher than the industry averages of 2.96 and 22.24, respectively.
Mixed Profitability
CRWD's trailing-12-month gross profit margin of 75.29% is 52% higher than the industry average of 49.54%. Likewise, its trailing-12-month levered FCF margin of 34.21% is 228.8% higher than the 10.40% industry average. Also, the stock's trailing-12-month ROCE of 6.36% is favorably compared to the industry average of 4.49%, respectively.
However, the stock's trailing-12-month EBITDA margin of 4.42% is 56.5% lower than the industry average of 10.15%. Similarly, its trailing-12-month ROTC and ROTA of 0.53% and 1.92% are lower than the industry averages of 2.75% and 2.13%, respectively.
POWR Ratings Reflect Uncertainty
CRWD's mixed fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, translating to a Neutral in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. CRWD has an A grade for Growth, consistent with its solid financial performance in the last reported quarter. However, the stock has a D grade for Value, in sync with its higher-than-industry valuation.
Also, CRWD has a D grade for Stability. The stock's 24-month beta of 1.99 justifies its Stability grade.
CRWD is ranked #18 out of 23 stocks in the B-rated <a href="https://stocknews.com/category/software-security/">Software – Security</a> industry.
Beyond what I have stated above, we have also given CRWD grades for Momentum, Sentiment, and Quality. Get access to all the CRWD ratings <a href="https://stocknews.com/stock/CRWD/">here</a>.
Bottom Line
CRWD's robust financial performance and strategic advancements indicate long-term growth potential, solidifying its position in the cybersecurity sector. However, investors must weigh these strengths with the company's recent software update mishap and its elevated valuation.
Considering CRWD's uncertain near-term outlook, waiting for a better entry point in this stock seems wise now.
Stocks to Consider Instead of CrowdStrike Holdings, Inc. (CRWD)
Given its near-term uncertain prospects, the odds of CRWD outperforming in the weeks and months ahead are compromised. However, there are many industry peers with much more impressive POWR Ratings. So, consider these A (Strong Buy) or B (Buy) stocks from the <a href="https://stocknews.com/category/software-security/">Software – Security</a> industry instead:
Darktrace plc (<a href="https://stocknews.com/stock/DRKTY/">DRKTY</a>)
Radware Ltd. (<a href="https://stocknews.com/stock/RDWR/">RDWR</a>)
OneSpan Inc. (<a href="https://stocknews.com/stock/OSPN/">OSPN</a>)
For exploring more A and B-rated cybersecurity stocks, <a href="https://stocknews.com/category/software-security/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
CRWD shares were trading at $267.62 per share on Monday afternoon, down $3.92 (-1.44%). Year-to-date, CRWD has gained 4.82%, versus a 18.67% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/crwd-nvda-cdw-hpe-net-drkty-rdwr-ospn-is-crowdstrike-a-buy-as-cybersecurity-meets-ai/>Is CrowdStrike a Buy as Cybersecurity Meets AI?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is CrowdStrike a Buy as Cybersecurity Meets AI?

OneSpan: Good H1'24, H2'24 Will Be Likely Muted, And The Stock Is Still Fairly Valued

OneSpan reports Q3 results

OneSpan Inc. (OSPN) Q3 2024 Earnings Call Transcript

OneSpan Inc. 2024 Q3 - Results - Earnings Call Presentation

Sidoti analyst Anja Soderstrom upgraded OneSpan (OSPN) to Buy from Neutral with a price target of $19, up from $14. Published first on TheFly – the...

OneSpan upgraded to Buy from Neutral at Sidoti

As cyber threats intensify, investments from governments and organizations to bolster cybersecurity across all sectors have fueled the market's expansion. This growth opens doors for investors to consider fundamentally strong cybersecurity stocks, Check Point (CHKP), OneSpan (OSPN), and Radware (RDWR), which present opportunities to benefit from the industry's promising trajectory. Read more… As businesses are transitioning to cloud software and internet-based services and software for their day-to-day operations, the need for cybersecurity is now more than ever. With increasing cyber-attacks worldwide, government initiatives have been placed to counteract the losses, proving the unquestionable need to strengthen cybersecurity.
Amid this backdrop, investors could scoop up shares of fundamentally stable cybersecurity stocks, Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>), OneSpan Inc. (<a href="https://stocknews.com/stock/OSPN/">OSPN</a>), and Radware Ltd. (<a href="https://stocknews.com/stock/RDWR/">RDWR</a>) to secure their portfolio's future.
Data breaches, cyber-attacks, and ransomware incidents have been steadily increasing. With widespread internet connectivity, attackers have relentlessly inflicted millions of dollars in losses for organizations. Small businesses are a primary target, <a href="https://www.embroker.com/blog/cyber-attack-statistics/">with 41% of them</a> having faced a cyber threat, making cybersecurity essential for businesses of all sizes.
The United States has been especially impacted, experiencing 59% of all ransomware attacks worldwide. This makes the United States the region most affected by such attacks. The severity of the situation calls for robust cybersecurity measures to protect against these ongoing threats and safeguard national interests.
To combat this rise in cyber-attacks, the government has stepped in to mitigate the damage. For fiscal year 2025, the U.S. government has <a href="https://industrialcyber.co/critical-infrastructure/us-federal-budget-for-fy-2025-boosts-cybersecurity-investments-amid-escalating-threats/">proposed $13 billion</a> in funding across civilian departments and agencies, including a $3 billion allocation for the Cybersecurity and Infrastructure Security Agency (CISA), an increase of $103 million from last year.
The need for stronger cybersecurity is urgent. With investments pouring in from both organizations and the government, the cybersecurity market is thriving. A study by Fortune Business Insights projects that the global cybersecurity market will reach $562.72 billion by 2032, with <a href="https://www.fortunebusinessinsights.com/industry-reports/cyber-security-market-101165">a CAGR of 14.3%</a>.
Now let us dive deep into the fundamentals of three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stocks, starting with #3.
Stock #3: Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>)
Headquartered in Tel Aviv, Israel, CHKP is involved in developing, marketing and supporting products and services for IT security globally. Its offerings include multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions.
On October 1, CHKP <a href="https://www.checkpoint.com/press-releases/check-point-software-completes-cyberint-acquisition/">announced the completion of acquisition</a> of Cyberint Technologies Ltd., a provider of external risk management solutions. With this acquisition, CHKP can benefit by expanding its threat prevention capabilities of the Infinity platform, enhancing the company's market reach, and enabling stable growth prospects.
On September 2, CHKP <a href="https://www.checkpoint.com/press-releases/check-point-software-unveils-new-mssp-portal-for-partners-vastly-simplifying-service-delivery-and-ease-of-doing-business/">announced the unveiling</a> of its innovative portal designed for both managed security service providers (MSSPs) and distributors. With an increasing MSSP market, this new platform can increase the ease of doing business with the company and enhance its revenue streams.
For the fiscal 2024 third quarter that ended on September 30, CHKP's total revenues increased 6.5% year-over-year to $635.10 million. Its non-GAAP operating income grew 1.9% from the prior year's quarter to $274 million.
Additionally, the company's non-GAAP net income and non-GAAP EPS rose 5.4% and 8.7% from its year-ago values to $255.40 and $2.25, respectively.
Analysts expect CHKP's revenue for the fiscal fourth quarter (ending December 2024) to increase 5.3% year-over-year to $698.43 million. Its <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> is expected to grow 3.3% from the prior year's period to $2.65. Moreover, the company surpassed the consensus revenue and EPS estimates in three of the four trailing quarters.
Shares of CHKP have surged 12.6% over the past six months and 24.3% over the past year to close the last trading session at $170.18.
CHKP's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its sound fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
CHKP has an A grade for Quality. It is ranked #4 out of 20 stocks in the B-rated <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry.
To check the stock's ratings for Growth, Value, Sentiment, Momentum, and Stability, <a href="https://stocknews.com/stock/CHKP/">click here</a>.
Stock #2: OneSpan Inc. (<a href="https://stocknews.com/stock/OSPN/">OSPN</a>)
OSPN engages in designing, developing, and marketing digital solutions for identity, authentication, and secure digital agreements globally. Its offerings include OneSpan Sign, OneSpan Cloud Authentication, OneSpan Identity Verification, Mobile Security Suite, Digipass Authenticators etc.
On November 4, OSPN <a href="https://investors.onespan.com/news-releases/news-release-details/onespans-cloud-native-guidewire-integration-drive-cloud-adoption">announced the availability</a> of its new Ready for Guidewire integrations in the Guidewire marketplace to drive cloud adoption within the P&amp;C sector. This new release will allow P&amp;C insurance carriers to launch faster with less complexity and operational burden while also paving the way toward its transition to the cloud.
On June 11, OSPN <a href="https://investors.onespan.com/news-releases/news-release-details/onespan-announces-integration-platform-esignatures">announced the launch</a> of the OneSpan Integration Platform, a platform that helps businesses to integrate eSignatures into well-known applications more efficiently.
As eSignatures are becoming the norm for more and more businesses worldwide, this new launch will enhance the company's growth prospects by creating a significant market share.
For the fiscal 2024 third quarter that ended on September 30, OSPN's total revenue came in at $56.24 million. Its adjusted EBITDA increased 165.3% year-over-year to $16.73 million. Moreover, the company's non-GAAP net income and non-GAAP net income per share grew 266.1% and 266.7%, respectively, from the prior year's quarter to $13.10 million and $0.33.
Street expects OSPN's revenue and EPS for the fiscal year ending December 2025 to grow 3.4% and 3.1% year-over-year to $248.33 million and $1.34, respectively. Moreover, the company topped the consensus revenue and EPS estimates in all four trailing quarters, which is impressive.
OSPN's shares have surged 34.6% over the past six months and 98.3% over the past year to close the last trading session at $16.68.
OSPN's solid prospects are projected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
OSPN has an A grade for Value and a B for Growth and Quality. It is ranked #2 within the same industry.
<a href="https://stocknews.com/stock/OSPN/">Click here</a> to see OSPN's ratings for Momentum, Sentiment, and Stability.
Stock #1: Radware Ltd. (<a href="https://stocknews.com/stock/RDWR/">RDWR</a>) 
Based in Tel Aviv, Israel, RDWR is engaged in developing, manufacturing and marketing cyber security and application delivery solutions for cloud, on-premises, and software defined data centers. Its two operational segments are: Radware's Core Business and The Hawks' Business.
On October 3, RDWR <a href="https://www.radware.com/newsevents/pressreleases/2024/radware-expands-its-cloud-security-offering-with-a-new-threat-intelligence-service/">announced the introduction</a> of a new Threat Intelligence Service made to help security operation center (SOC) teams, threat researchers, and incident responders increase threat detection, identify compromised systems, and ultimately lower mean time to response.
With developments in intelligent security software worldwide, this new release by the company will enhance the company's market share in the cybersecurity market and offer better growth prospects.
On September 18, RDWR <a href="https://www.radware.com/newsevents/pressreleases/2024/radware-expands-always-on-hybrid-ddos-protection/">announced the closing</a> of a multi-million-dollar expansion deal with a leading European stock exchange to include its Radware DDoS Protection Services and DefensePro&#xAE; X and Cyber Controller as well as its Emergency Response Team (ERT) managed services.
With this expansion agreement, RDWR is proving to be a cybersecurity giant worldwide and gaining a significant number of customers and enhancing its growth.
For the fiscal 2024 third quarter that ended on September 30, RDWR's revenues increased 12.8% year-over-year to $69.49 million. Its non-GAAP gross profit grew 14.5% from its year-ago value to $57.17 million.
Additionally, the company's non-GAAP net income and non-GAAP net earnings per share rose 256.9% and 228.6% from the prior year's quarter to $10.21 million and $0.23, respectively.
The consensus revenue estimate of $71.36 million for the fiscal fourth quarter (ending December 2024) reflects a year-over-year rise of 9.7%. Its EPS for the same period is expected to increase 82.1% from the prior year's period to $0.24. The company also surpassed the consensus revenue and EPS estimates in all four trailing quarters, which is impressive.
RDWR's stock has surged 28.4% over the past six months and 45.3% over the past year to close the last trading session at $21.63.
RDWR's POWR Ratings reflect its strong outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
RDWR has an A grade for Quality and Growth and a B for Sentiment. It has topped the 20-stock Software - Security industry.
To check RDWR's Value, Momentum, and Stability ratings, <a href="https://stocknews.com/stock/RDWR/">click here</a>.
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CHKP shares were unchanged in premarket trading Tuesday. Year-to-date, CHKP has gained 11.38%, versus a 21.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/chkp-rdwr-ospn-3-cybersecurity-stocks-protecting-your-portfolios-future/>3 Cybersecurity Stocks Protecting Your Portfolio's Future</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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