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CrowdStrike Holdings, Inc. (CRWD) Citi's 2024 Global TMT Conference (Transcript)
Seeking Alpha· 2024-09-04 19:52
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Citi's 2024 Global TMT Conference September 4, 2024 12:30 PM ET Company Participants Burt Podbere - CFO Conference Call Participants Fatima Boolani - Citigroup Fatima Boolani I'm Fatima Boolani. I jointly run the software research team here, and I have the absolute pleasure of hosting Burt Podbere, the CFO of CrowdStrike. Burt, you are the prettiest girl at this dance so I'm going to say it out. And look, I want to start the conversation off -- from the standpoint of ...
CrowdStrike Holdings, Inc. (CRWD) Citi's 2024 Global TMT Conference (Transcript)
2024-09-04 19:52
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Citi's 2024 Global TMT Conference September 4, 2024 12:30 PM ET Company Participants Burt Podbere - CFO Conference Call Participants Fatima Boolani - Citigroup Fatima Boolani I'm Fatima Boolani. I jointly run the software research team here, and I have the absolute pleasure of hosting Burt Podbere, the CFO of CrowdStrike. Burt, you are the prettiest girl at this dance so I'm going to say it out. And look, I want to start the conversation off -- from the standpoint of ...
CrowdStrike Faces Short-Term Challenges Like Pipeline Delays, Deal Scrutiny, and Discounting Pressure, Analyst Says
Benzinga· 2024-09-04 16:49
BofA Securities analyst Tal Liani maintained a Buy rating on CrowdStrike Holdings, Inc CRWD with a price target of $365. The price target reflects 17x Liani's fiscal 2026 EV/Sales, which is a premium to high-growth Software as a Service (SaaS) peers, supported by CrowdStrike's competitive solid positioning in endpoint security and longterm growth opportunities across Cloud security, log management, and identity protection. In addition, the analyst flagged CrowdStrike's higher growth profile and potential to ...
Prediction: You'll Regret Not Buying the CrowdStrike Dip
The Motley Fool· 2024-09-04 13:07
Despite a historic mishap, CrowdStrike's business remains strong. I'll go ahead and say what everyone is thinking: Causing the largest global IT outage in history is bad. Unfortunately, that's what CrowdStrike (CRWD -3.85%) did on July 19, and its stock has taken a huge hit because of it. Since hitting a peak on July 8, CrowdStrike's stock is down close to 30% (as of Aug. 30). That's bad news for investors with shares before then, but it's an opportunity for people looking to begin or increase a stake in th ...
CrowdStrike Stock Soared 20% in August. Here's Why the Gains Could Continue In September.
The Motley Fool· 2024-09-04 09:16
The July 19 outage appears to be having a lesser impact on CrowdStrike's business than investors initially feared. July 19 was a fateful day for CrowdStrike (CRWD -3.85%) investors. The company released a routine update to its cybersecurity software which had a malfunction, and it sent around 8.5 million Windows-based computers crashing. The outage cost CrowdStrike's largest customers -- from airlines to banks -- an estimated $5.4 billion. By Aug. 2, CrowdStrike stock had crashed 36% to a low of $218 as inv ...
Don't Count Out CrowdStrike Yet: Key Insights from Q2 Earnings
MarketBeat· 2024-09-03 11:30
CrowdStrike Today | --- | --- | --- | --- | |--------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | CRWD | | | | | CrowdStrike | | | | | $277.28 +5.61 (+2.07%) | | | | | 52-Week Range | | | | | $145.38 | | | | | ▼ $398.33 | | | | | | | | | | P/E Ratio | | | | | 523.18 Price Target | | | | | $329.47 | | | | Add to Watchlist CrowdStrike Holdings NASDAQ: CRWD is a leading cybersecurity firm known for its innovative Falcon platform, which is designed to protect endpoints and cloud w ...
CrowdStrike Q2: Showing Resilience, Long-Term Strategy
Seeking Alpha· 2024-09-03 01:22
DNY59 In my last analysis of CrowdStrike (NASDAQ:CRWD), I assessed the company following its faulty sensor update, which crashed 8.5M devices, leading to a ~30% stock decline. Since that analysis, it has increased by 2.62% in price, showing resilience after the fall. In Q2 results, it beat its top-line and bottom-line estimates. The company has announced a strategic partnership with Hewlett Packard Enterprises (HPE), and while lowering its full-year guidance due to the July crisis, I believe management is l ...
CrowdStrike Faces ‘Daunting' Legal Battles Beyond Delta Suit
PYMNTS.com· 2024-09-02 23:24
CrowdStrike faces numerous legal challenges from the glitch that caused a global tech outage. While the $500 million suit filed by Delta Air Lines is the most high-profile of these cases, a report Monday (Sept. 2) by TechCrunch said this could be one of several court cases facing the cybersecurity firm. Rob Wilkins, co-chair of the complex litigation and dispute resolution practice group for Florida law firm Jones Foster, tells the news outlet that CrowdStrike faces a "daunting" legal challenge, one that co ...
CrowdStrike (CRWD) Reliance on International Sales: What Investors Need to Know
ZACKS· 2024-09-02 14:15
Have you assessed how the international operations of CrowdStrike Holdings (CRWD) performed in the quarter ended July 2024? For this cloud-based security company, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects. In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth traj ...
CrowdStrike faces onslaught of legal action from faulty software update
TechCrunch· 2024-09-02 14:00
When the now infamous CrowdStrike software update took down companies all over the world in July, it was inevitable that lawsuits would follow — and follow they have. Delta suing the company for as much as $500 million in damages and hiring lawyer David Boies is perhaps the highest-profile example. Among Boies' wide range of high-profile clients are Theranos, Harvey Weinstein, victims of Jeffrey Epstein, and Al Gore in Bush v. Gore around the results of the 2000 presidential election. He also led the govern ...