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Piper Sandler analyst Rob D. Owens reiterated an Overweight rating on CrowdStrike Holdings, Inc (NASDAQ:CRWD) with a price target of $290.
Delta Air Lines Inc (NYSE:DAL) COO Mike Spanos shared plans to depart the company at the end of August, a little more than a month after the CrowdStrike outage, which caused Delta to file a lawsuit against CrowdStrike. The outages have reportedly cost Delta $350 million—$500 million, rendering about 60% of Delta’s critical applications inoperable.
Owens expects minimal impact on the quarter’s revenue from the outage but expects NNARR to come in below expectations and the full-year guidance to see a prudent cut.
KeyBanc analyst Eric Heath, in this week’s Security Roundup, flagged that Microsoft Corp (NASDAQ:MSFT) and CrowdStrike will host a Windows Endpoint Security Ecosystem Summit to discuss steps to improve security and resiliency for joint customers. Heath added that CrowdStrike denied reports indicating its interest in acquiring Action1 for $1 billion.
Price Action: CRWD stock traded lower by 0.57% at $269.98 at last check Monday.
Photo via Shutterstock
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