CrowdStrike Shares Plunge on a Major Outage. Is This a Golden Opportunity to Buy the Stock?
Shares of (NASDAQ: CRWD) sank after the cybersecurity company experienced a major outage that caused disruptions to businesses around the globe. Nonetheless, the stock is still up more than 70% over the past year.
Let's take a look at the recent outage, the impact it could have on the company moving forward, and whether the dip is a buying opportunity.
The CrowdStrike-related outage stemmed from a bug in a software update the company pushed out. The crash impacted millions of Microsoft Windows devices worldwide, causing Windows-based computers and tablets to crash. The outage impacted numerous industries from governments, to banks, to airlines, which had to cancel flights. Apple and Linux-run devices were not impacted.
Source Fool.com
CrowdStrike Holdings Inc Stock
€248.45
2.450%
The stock is one of the favorites of our community with 132 Buy predictions and 1 Sell predictions.
As a result the target price of 347 € shows a positive potential of 39.67% compared to the current price of 248.45 € for CrowdStrike Holdings Inc.
