Should You Buy CrowdStrike Stock Before Aug. 28?
CrowdStrike Holdings (NASDAQ: CRWD) stock was battered badly last month, losing close to 40% of its value in July after it emerged that the cybersecurity specialist's defective software update caused a massive outage. While CrowdStrike moved speedily to correct its mistake, the negative press and threats of lawsuits seem to have largely kept investors from buying the dip.
However, the fast-growing cybersecurity company is set to release its fiscal 2025 second-quarter earnings report (for the three months ended July 31) on Aug. 28. Will the report be solid enough to spark a turnaround in its fortunes? In other words, should investors consider buying CrowdStrike stock before Aug. 28 in the hope of better-than-expected results and guidance?
The CrowdStrike incident that occurred on July 19 reportedly cost $5.4 billion of losses for Fortune 500 companies. Microsoft-based IT systems went down across the globe, while Delta Air Lines reportedly took a $500 million hit. Wall Street analysts believe that CrowdStrike is likely to undertake a long damage-control exercise to win back customer confidence.
Source Fool.com
CrowdStrike Holdings Inc Stock
With 157 Buy predictions and 1 Sell predictions CrowdStrike Holdings Inc is one of the favorites of our community.
With a target price of 323 € there is a positive potential of 28.71% for CrowdStrike Holdings Inc compared to the current price of 250.95 €.
