Is CrowdStrike Stock in Trouble?
(NASDAQ: CRWD) stock has been under fire of late as a global tech outage involving its software led to a sharp sell-off in its valuation. Regardless of the reason for the outage, such a wide-scale effect which impacts multiple industries and companies all over the world is not good for business, especially not when you're a company that is trying to build a brand synonymous with trust and cybersecurity.
Are investors overreacting to the recent news, or is the stock in deep trouble, and likely due for a bigger decline in the weeks and months ahead?
Investors and consumers often hear of data breaches crippling a company's operations, but in CrowdStrike's case, it blamed a widespread outage in July on faulty code in an update to its Falcon software. That update impacted Microsoft's Windows operating systems, which is relied on by companies around the world.
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is one of the favorites of our community with 100 Buy predictions and 1 Sell predictions.
As a result the target price of 180 € shows a slightly positive potential of 8.76% compared to the current price of 165.5 € for CrowdStrike Holdings Inc.
