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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 ...
CrowdStrike Lowers Guidance Due to Outage Impact. Is The Worst Over for the Stock?
The Motley Fool· 2024-09-02 13:10
The stock rallied despite its lowered guidance. A lot of eyes were on CrowdStrike (CRWD 2.06%) when the cybersecurity company reported its fiscal second-quarter results, as investors looked to get a better sense of what the fallout would be from its wellcovered outage this summer. Despite losing more than a quarter of its value since the beginning of July, the stock has nearly doubled over the past year. Let's take a closer look at the company's most recent results and whether the worst appears to be behind ...
Should Investors Buy This Beaten-Down Cybersecurity Stock in Anticipation of a Solid Turnaround?
The Motley Fool· 2024-09-02 10:50
The July 19 incident was at the center of CrowdStrike's latest earnings report, which turned out better than expectations. Shares of CrowdStrike Holdings (CRWD 2.06%) shot up an impressive 83% in the past year, but the stock has been in free-fall mode in the past month and a half thanks to a faulty software update that caused a global IT outage on July 19. More specifically, CrowdStrike stock lost 13% of its value since that day. It is also worth noting that the cybersecurity stock has retreated nearly 33% ...
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of CrowdStrike
Prnewswire· 2024-08-31 14:25
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In CrowdStrike To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in CrowdStrike between November 29, 2023 and July 29, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Aug. 31, 2024 ...
CRWD Equity Alert: Kessler Topaz Meltzer & Check, LLP Alerts Shareholders of Securities Fraud Class Action Lawsuit Filed against CrowdStrike Holdings, Inc.
Prnewswire· 2024-08-31 13:45
RADNOR, Pa., Aug. 31, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against CrowdStrike Holdings, Inc. ("CrowdStrike") (NASDAQ: CRWD) on behalf of investors who purchased or otherwise acquired CrowdStrike Class A common stock between November 29, 2023 and July 29, 2024, inclusive (the "Class Period"). The lead plaintiff deadline is September 30, 2024. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: I ...
Why CrowdStrike Stock Moved Higher Today
The Motley Fool· 2024-08-30 21:11
Is Wall Street warming back up to CrowdStrike after last month's computer systems meltdown? CrowdStrike (CRWD 2.06%) stock climbed again in Friday's trading. The cybersecurity company's share price closed out the daily session up 2.1%, according to data from S&P Global Market Intelligence. CrowdStrike published its second-quarter results after the market closed on Wednesday; it delivered better-thanexpected performance in the period and guidance that wasn't as bad as some investors had feared. Following the ...