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It seems like a long time ago when a faulty CrowdStrike Holdings (CRWD 4.11%) update caused a worldwide computer outage that gave one of the hottest cybersecurity companies a huge black eye. Since the outage occurred in July, the company's fiscal 2025 third quarter will be the first full quarter since the incident, giving the market a proper look at how much it impacted CrowdStrike's business.
Evaluate the expected performance of CrowdStrike (CRWD) for the quarter ended October 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Zacks.com users have recently been watching CrowdStrike (CRWD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
I maintain a "Hold" rating for CrowdStrike Holdings due to its overvalued status despite strong operational performance and recovery from a significant outage. CrowdStrike's Q2 FY2025 financials exceeded expectations, with $963.8 million in revenue and $1.04 adjusted EPS, but short-term headwinds persist. Management's positive outlook for Q4 and FY2026 may driveĀ earnings revisions higher, yet the stock's already high P/E and PEG ratios suggest overvaluation compared to peers.
CrowdStrike stock price has bounced back and almost doubled in the past few months as the impact of its outage fade. CRWD shares jumped to $360 on Friday, its highest level since July 24.
Palo Alto Networks Inc (NASDAQ:PANW) yesterday reported better-than-expected fiscal first-quarter earnings and revenue, as demand for its cybersecurity services grows stronger due to rising digital threats.
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LONDON--(BUSINESS WIRE)--Push Security welcomes Kevin Arsenault, former CrowdStrike sales leader, as its new Chief Revenue Officer (CRO).
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