What's Going On With CrowdStrike Stock Wednesday?

Author: Dylan Berman | August 14, 2024 02:16pm

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares are moving higher on Wednesday. The company is anticipated to release quarterly fiscal earnings on August 28.

The Details: CrowdStrike will report earnings for the 2024 fiscal year second quarter which analysts estimate EPS of 98 cents and revenue of $958.69 million.

What Else: The company continues to face legal action following following CrowdStrike’s outage on July 19. Delta Air Lines claims that the outage caused at least $500 million in damages.

CrowdStrike responded to Delta’s claims stating that its CEO, George Kurtz, reached out to Delta’s CEO Ed Bastian to offer assistance but received no response.

Analyst Changes: Recently, multiple analysts have issued price target adjustments.

• Scotiabank analyst Patrick Colville maintained CrowdStrike with a Sector Perform and lowered the price target from $300 to $265.
• DA Davidson analyst Rudy Kessinger maintained CrowdStrike with a Buy and lowered the price target from $380 to $290.
• Wedbush analyst Taz Koujalgi reiterated CrowdStrike with a Outperform and maintained $315 price target.
• Stifel analyst Adam Borg maintained CrowdStrike with a Buy and lowered the price target from $400 to $300.

See Also: What’s Going On With IBM Stock Wednesday?

CRWD Price Action: At the time of publication, CrowdStrike shares are moving 3.38% higher at $256.50 per data from Benzinga Pro.

Image: Photo via Shutterstock

Posted In: CRWD