Shares of CrowdStrike Holdings, Inc. CRWD are trading down sharply on Friday. The move lower was triggered by news of insider selling.
CrowdStrike (CRWD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
As 2024 comes to an end, many investors are reviewing their portfolios and thinking about what stocks to buy in the new year. While it's not as simple as it sounds, one time-tested strategy is to buy the best companies and hold them for the long term.
CrowdStrike stock took a hit in July when the company caused a massive outage with a cybersecurity update. It seems to have recovered.
CrowdStrike (CRWD) reported earnings 30 days ago. What's next for the stock?
CrowdStrike is a 'Strong buy' due to robust fundamentals, including massive industry tailwinds, capable management, and a strong financial position. The company recently surpassed over $1 billion in quarterly sales for the first time in its history and delivered a significant EBITDA improvement. CRWD's valuation is attractive, with a fair share price of $398, indicating a 10% undervaluation and strong future growth potential.
Cybersecurity is one of the most lucrative corners of the market to invest in. If the economy goes through a downturn, these companies would still be set up for success, as cybersecurity is one area of software where businesses can't afford to skimp out on spending.
Cybersecurity was a big news topic in 2024, and largely for the wrong reasons. While there continues to be a number of high-profile security breaches, the biggest incident of 2024 was a CrowdStrike (CRWD 0.53%) outage that was felt around the globe.
There is sequential growth acceleration in RPOs; a leading indicator of revenues, driven by customers' adoption of the Falcon Flex subscription. High visibility of a large pipeline is leading to upgrades in longer term revenue and earnings estimates by Wall St. Valuations are rich but acceptable given CrowdStrike's 'leader-of-leaders' market leadership and longer term visibility.
CNBC's Phil LeBeau and Delta Air Lines CEO Ed Bastian, join 'Power Lunch' to discuss travel demand, corporate security and CrowdStrike lawsuit.
Shares of CrowdStrike Holdings Inc (NASDAQ:CRWD) have been on an uptrend since early August.
CrowdStrike moved Monday evening to dismiss Delta Air Lines' lawsuit around the July cybersecurity outage that led to canceled flights. CrowdStrike also argued in its filing that Georgia law prevents Delta from converting a breach of contract into tort claims.