On May 9, CrowdStrike Holdings Inc. NASDAQ: CRWD closed the week down about 7%. A key reason for the sell-off was news that the company was part of a Department of Justice (DOJ) and Securities & Exchange Commission (SEC) probe involving the company's $32 million deal with Carahsoft.
Let's find out which cybersecurity stock between CRWD and CHKP is a better bet.
CrowdStrike: Premium Valuation, But Scalable AI-Native Growth Justifies The Bet
Zacks.com users have recently been watching CrowdStrike (CRWD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
CrowdStrike Holdings (CRWD) shares slid Wednesday, a day after the cybersecurity company said in a regulatory filing it plans to cut roughly 500 jobs, or 5% of its workforce.
CrowdStrike Holdings Inc (NASDAQ:CRWD) said it will lay off 500 workers to reduce costs as artificial intelligence takes more of a role in its operations. Removing around 5% of the cybersecurity group's current employees was said to be about reducing costs.
Cybersecurity giant CrowdStrike said on Wednesday that it would lay off 5% of its global workforce, which amounts to about 500 workers.
CrowdStrike said it will cut about 500 jobs, or 5% of its global workforce, as part of a plan to drive efficiencies in the business.
CrowdStrike will cut hundreds of jobs, as artificial intelligence reshapes the cybersecurity business.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
CrowdStrike (CRWD -0.95%) is still recovering from the reputational damage caused by an outage for millions of customers.
In the latest trading session, CrowdStrike Holdings (CRWD) closed at $444.91, marking a +0.98% move from the previous day.