JPMorgan analyst Sterling Auty raised his price target for Crowdstrike Holdings to $109 from $104 and keeps an Overweight rating on the shares. The most important metric in the Crowdstrike story is annual recurring revenue, and that grew 104% in the quarter, well above expectations, showing the continued strength of this cloud security platform, Auty tells investors in a research note. Further, he believes the company's business model is showing "impressive" leverage as gross margins continue to climb. The stock remains expensive, but it is worth it, says Auty.

Microsoft (MSFT) is scheduled to report results of the third quarter of its fiscal year 2024 after the market close on Thursday, April 25, with a conference call scheduled for 5:30 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here