In today’s briefing:
- CrowdStrike Holdings: Increasing Cybercrime & Ransomware Upside & Other Drivers
- Enphase Energy: The GreenCom Networks Acquisition & Other Drivers
- Ralph Lauren: Increased Digital Marketing Efforts
CrowdStrike Holdings: Increasing Cybercrime & Ransomware Upside & Other Drivers
- CrowdStrike saw its quarterly revenue exceed the $500 million threshold for the first time in the last quarter and delivered an all-around beat.
- For the second consecutive quarter, gross retention increased to a new high, and dollar-based net retention soared to its highest point in seven quarters.
- In the quarter, the public sector also became stronger, fueled by record-breaking success in U.S. federal and international government agencies.
Enphase Energy: The GreenCom Networks Acquisition & Other Drivers
- Enphase had a good quarter and managed to exceed Wall Street expectations on all counts.
- Its total revenue for the second quarter was $530.2 million, an increase of 20% from the previous quarter.
- In the third quarter, they supplied microinverters rated at about 1,213 megawatts DC and actuators rated at 132.4-megawatt hours.
Ralph Lauren: Increased Digital Marketing Efforts
- Ralph Lauren delivered strong results this quarter surpassing revenue expectations of Wall Street as a result of solid growth across all key regions.
- Ralph delivered solid consumer metrics, which include increased net promoter scores, purchase intent, and global brand consideration through an engaging mix of performance marketing and purpose-led investments.
- We provide the stock of Ralph Lauren with a ‘Hold’ rating and a revision in the target price.
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