Should Investors Buy This Beaten-Down Cybersecurity Stock in Anticipation of a Solid Turnaround?
CrowdStrike(CRWD) 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% ...