RADNOR, Pa., Aug. 30, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Western District of Texas 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 dea ...

Shares of CrowdStrike Holdings Inc. (CRWD, Financial) recently experienced a significant plunge, shedding over 42% of their value within just two weeks, which wiped out approximately $40 billion of its market cap. The sharp decline was triggered by an unexpected issue when the company released a flawed sensor configuration update for its Falcon platform, resulting in around 8.50 million Windows devices crashing. The impact was severe, affecting critical facilities such as airports and hospitals, leading to ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying CRWD stock? Here's what analysts think: | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------|-----------------------------------|-------|-------|----------|-------------------------------------------------------------------------------------------------------- ...

Company Performance - CrowdStrike Holdings, Inc (CRWD) beat both revenue and non-GAAP EPS estimates in Q2 FY2025, with revenue growth at 31.7% YoY [2][5] - The company forecasted a disappointing outlook, with YoY growth expected to decelerate to 24.9% in 3Q and 21.8% in 4Q [5] - CRWD's RPO growth slowed to 36% YoY in 2Q, with a 1% sequential decline in ARR growth [6] - The company expects a $30 million additional cost from the concession package in 3Q FY2025, impacting net new ARR and subscription revenue by $60 million and professional service revenue by $5 million in 2H FY2025 [5][7] Market Position and Competition - CRWD faces increasing competition from cybersecurity peers like SentinelOne (S) and Palo Alto Networks (PANW), with SentinelOne's bookings increasing by 29% sequentially and YoY [9] - The company may experience incremental market share loss in the near term, particularly in the Endpoint Security market [9] - Competitors are capitalizing on CRWD's recent IT outage, with SentinelOne raising its forward revenue outlook [9] Financial Metrics and Valuation - CRWD's non-GAAP EBIT margin is expected to contract in 2H FY2025 due to additional G&A expenses, with a YoY decline in non-GAAP EPS for 3Q and 4Q [8] - The company's EV/sales TTM is trading at 19.1x, higher than PANW and S, and its non-GAAP P/E fwd sits at 69x, more expensive than Nvidia's 46x and PANW's 55x [10] - Management anticipates a gradual improvement in EBIT margin in FY2026, focusing on customer retention and R&D investments [8] Strategic Initiatives - CRWD has implemented a customer commitment package to strengthen customer retention and increase Falcon adoption, aiming to enhance platform value realization in the short and long term [7][10] - The company is offering concessions, such as discounts, to preserve goodwill, which may lead to a significant slowdown in ARR growth in the coming quarters [2][5]

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. 29, 2024 ...

John M Lund Photography Inc/DigitalVision via Getty Images CrowdStrike's (NASDAQ:CRWD) Q2'25 results proved that the cybersecurity company remained resilient after the outage incident in July, with marginal impacts to the company's quarterly results. Despite the major wins management touted going through the last two weeks of the reporting period post-incident, management, with their updated guidance, prudently lowered both revenue and margin expectations for the duration of FY25. I believe CrowdStrike is t ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Aug. 29, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises CrowdStrike Holdings, Inc. (the "Company") (NasdaqGS: CRWD) investors of a class action representing investors that bought securities between November 29, 2023 and July 29, 2024, inclusive (the "Class Period"). American Airlines investors have until September 30, 2024 to file a lead plaintiff motion. Investors are encouraged to contact attorney ...

CrowdStrike's recent earnings report seems to be quieting some investor fears. CrowdStrike (CRWD 5.60%) stock is gaining ground in Thursday's trading. The cybersecurity specialist's share price was up 5% as of 12:15 p.m. ET, according to data from S&P Global Market Intelligence. CrowdStrike reported results for the second quarter of its fiscal year after the market closed yesterday. The company's performance was under the microscope after a bug in one of its software updates resulted in widespread computer ...

Analysts are impressed with the financial results and company commentary from CrowdStrike Holdings Inc CRWD beating revenue and earnings per share estimates in the second quarter. The company's impact from the update that caused the Microsoft outage is viewed as less impactful than analysts originally forecasted. The CrowdStrike Analysts: Goldman Sachs analyst Gabriela Borges maintained a Buy rating and a $295 price target. Cantor Fitzgerald analyst Yi Fu Lee reiterated an Overweight rating and lowered the ...

It's the cybersecurity sector's turn to take the spotlight after earnings. CrowdStrike Holdings Inc (NASDAQ:CRWD) and Okta Inc (NASDAQ:OKTA) are in focus after the former cut its forecast for the fiscal third quarter and issued a lackluster full-year outlook, while the latter is brushing off a second-quarter topand bottom-line beat after billings slipped below estimates. CRWD was last seen 7.1% higher to trade at $282.86, reversing premarket losses despite seeing no fewer than seven price-target cuts, inclu ...