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News

What's Going On With CrowdStrike Stock Monday?

Author: Dylan Berman | August 19, 2024 11:47am

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is set to report 2024 fiscal year second quarter earnings on August 28 after the market closes.

The Details: Analysts estimate EPS of 97 cents and revenue of $957.649 million.

What Else: The company is also facing legal action from Delta Air Lines (NYSE:DAL) which claims that the incident costed the company $380 million in revenue along with other damages.

"An operational disruption of this length and magnitude is unacceptable, and our customers and employees deserve better,” said Ed Bastian, Delta's Chief Executive Officer.

"We are pursuing legal claims against CrowdStrike and Microsoft to recover damages caused by the outage, which total at least $500 million.”

Legal representation for CrowdStrike stated that the company’s CEO, George Kurtz, did reach out directly to Bastian offering assistance but received no response.

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

  • Morgan Stanley analyst Hamza Fodderwala maintained a Overweight rating on CrowdStrike and lowered the price target from $360 to $325.
  • Goldman Sachs analyst Gabriela Borges maintained a Buy rating on CrowdStrike and lowered the price target from $400 to $295.
  • BMO Capital analyst Keith Bachman maintained a Outperform rating on CrowdStrike and lowered the price target from $410 to $290.
  • Bernstein analyst Peter Weed maintained a Outperform rating on CrowdStrike and lowered the price target from $381 to $315.

How To Buy CrowdStrike Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in CrowdStrike Holdings (NASDAQ:CRWD)'s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

Related Link: Palantir Co-Founder Peter Thiel Says Gavin Newsom’s California ‘Doesn’t Work’ From Governance Perspective: ‘You Have A Crazy Religion, ‘Wokeism’ In California And Wahhabism In Saudi Arabia’

CRWD Price Action: CrowdStrike stock is moving 1.42% higher at $266.27 as of Monday morning per data from Benzinga Pro.

Image: Photo via Shutterstock

Posted In: CRWD DAL

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