3 Soaring Tech Stocks To Buy For More Growth In 2021

Zacks estimates call for ZEN’s revenue to jump over 25% in 2020 to reach over $1 billion for the time, with FY21 projected to come in another 23.5% higher. And its adjusted EPS is projected to soar 81% to hit $0.56 this year and then climb 37% next year.

Zendesk has also destroyed our bottom-line estimates over the trailing three periods and its positive earnings revisions help it earn a Zacks Rank #2 (Buy) at the movement. And Wall Street remains high on the stock amid its run, with nine of the 14 brokerage recommendations Zacks has at a “Strong Buy,” with two more at a “Buy,” and none below a hold.   

CrowdStrike (CRWD Quick Quote CRWD - Free Report)

CrowdStrike is a cloud-focused cybersecurity firm that utilizes machine learning and AI to protect endpoints and cloud workloads. This is crucial in the cloud age that’s full of rapidly expanding endpoints, which include laptops, desktops, smartphones, IoT devices, and more. Remote work and schooling helped push this area of the ever-growing cybersecurity space to the forefront. And the stock has surged to new highs in the wake of the SolarWinds hack.

CRWD crushed our Q3 estimates at the start of December, with sales up 86% and it added nearly 1,200 net new subscription customers. More importantly, company executives raised their outlook. With this in mind, Zacks estimates call for the company to swing from an adjusted loss of -$0.02 a share in the year-ago period to +$0.08 in the fourth quarter on 64% stronger revenue.

CrowdStrike is also projected to swing all the from a full-year loss of -$0.42 a share to +$0.22 in FY21, with FY22 expected to climb nearly 50% higher to $0.32. CrowdStrike’s revenue is projected to jump 78% this year to hit $859 million and then pop 40% higher to reach $1.21 billion in FY22. These estimates would come on top of FY20’s 93% sales expansion for the firm that went public in June 2019.

Shares of CrowdStrike have surged 50% in the last month and they hit brand new records of around $227 on Wednesday. More broadly, the cybersecurity firm’s stock has skyrocketed 370% in the last year to nearly triple its industry’s average.

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