Why CrowdStrike's Outage May Ultimately Benefit Its Stock
Until recently, CrowdStrike (NASDAQ: CRWD) stock was trading at record highs. The success of its endpoint security product was driving greater use of its Falcon platform -- and more interest from investors, who had pushed its valuation to stratospheric levels.
However, investors began to question their thesis after a software update for its Microsoft-based systems led to a massive global IT outage. Amid the fallout, CrowdStrike stock dropped 11% on Friday and another 13% in Monday's trading session.
Yet despite the market's now-bleaker view of the company, this experience may ultimately benefit CrowdStrike shareholders.
Source Fool.com
CrowdStrike Holdings Inc Stock
€237.65
-0.230%
With 136 Buy predictions and 1 Sell predictions CrowdStrike Holdings Inc is one of the favorites of our community.
With a target price of 339 € there is a positive potential of 42.65% for CrowdStrike Holdings Inc compared to the current price of 237.65 €.
