- BTIG analyst Gray Powell downgraded CrowdStrike Holdings (NASDAQ:CRWD) to Neutral from Buy without a price target.
- Channel checks indicate that competition “is on the rise” and that tailwinds to CrowdStrike’s growth in 2022 will prevail downtick from 2021, Powell notes.
- As such, the analyst thinks the company’s annual recurring revenue growth will likely moderate into the 40% – 45% range in a fiscal 2023 “upside scenario.”
- Powell infers investors “will be faced with the difficult task of gauging the slope of a deceleration and sustainable long-term growth rates over the next 6 -12 months.”
- He now thinks the stock’s risk/reward favors a Neutral rating.
- Price Action: CRWD shares traded lower by 3.33% at $272.65 in the market session on the last check Monday.
Analyzing First Solar’s Short Interest
First Solar's (NASDAQ:FSLR) short percent of float has fallen 6.53% since its last report. The company recently reported that it has 4.36 million shares sold short, which is 4.72% of all regular shares that are available for trading.
