CRWD) is a cybersecurity company that uses AI to protect against cyber threats. In the third quarter of fiscal 2024, CrowdStrike reported revenue of $1.29 billion, a 57% increase from the previous year. The company’s subscription-based revenue also grew by 61% year-over-year. With a strong focus on innovation and a growing customer base, CrowdStrike is well-positioned to continue its growth in the AI market.\n\n Twilio, UiPath, and CrowdStrike Holdings are three AI companies that investors may want to keep an eye on in 2024.”
” AI Stocks to Watch in 2024: Twilio, UiPath, and CrowdStrike Holdings\n\nWhen looking back on 2023, tech investors may see it as a turning point for AI stocks. After a tumultuous year in 2022, many of these stocks have rebounded, driven by renewed interest in artificial intelligence. While opinions may vary on whether this marks the start of a new bull market, there are several AI companies that are poised for continued growth in 2024. Twilio, UiPath, and CrowdStrike Holdings are three such companies that investors may want to keep an eye on.\n\nTwilio (NYSE:TWLO) is a cloud-based communications company that has had a strong year, with its stock up 55% in 2023. While this is a step in the right direction, the stock is still down 80% from its previous high. The company has faced challenges with slowing revenue growth and Wall Street’s frustration with its losses. Management has responded by focusing on cutting costs and turning the business around. This has resulted in improved free cash flow and an adjusted profit. While revenue growth has slowed, Twilio has continued to grow its customer base, with 306,000 active accounts as of the third quarter. The company’s recent launch of CustomerAI, which uses AI and real-time data to personalize insights and marketing for individual customers, could help drive growth in the future. Analysts expect revenue to reach $5 billion by 2025, with annual earnings growth averaging 45%. With a favorable price-to-earnings-to-growth ratio of 0.8, Twilio’s comeback story is likely to continue beyond 2023.\n\nUiPath (NYSE:PATH) is a software company that specializes in robotic process automation (RPA). Its software bots perform repetitive tasks and are powered by AI. The company stands out from its competitors with its UiPath Community, which provides free training, tools, and support to over 2 million users. This fosters engagement and an exchange of ideas within the company’s ecosystem, reinforcing its software as the standard. In the first nine months of fiscal 2024, UiPath reported revenue of $903 million, a 20% increase from the previous year. The company also reported a gross profit margin of 89.5%, up from 86.5% in the same period last year. With almost 2,000 customers spending $100,000 or more on the platform, and a net dollar retention rate of 121%, UiPath is well-positioned for continued growth in the AI market.\n\nCrowdStrike Holdings (NASDAQ:CRWD) is a cybersecurity company that uses AI to protect against cyber threats. In the third quarter of fiscal 2024, CrowdStrike reported revenue of $1.29 billion, a 57% increase from the previous year. The company’s subscription-based revenue also grew by 61% year-over-year. With a strong focus on innovation and a growing customer base, CrowdStrike is well-positioned to continue its growth in the AI market.\n\n Twilio, UiPath, and CrowdStrike Holdings are three AI companies that investors may want to keep an eye on in 2024.”$PATH2023-12-26T16:53:52.570Z
