Should You Buy CrowdStrike Before Sept. 16?
(NASDAQ: CRWD) has roared higher in recent years as companies rushed to get in on its top cybersecurity platform Falcon. But the company has traveled along a bumpy road in recent times after a faulty software update in July led to the world's biggest information technology outage ever. The event could cost Fortune 500 companies $5.4 billion, according to insurer Parametrix.
Though CrowdStrike launched a fix in just over an hour, experts estimate it may take months for some customers to fully recover. Still, in its latest earnings report, CrowdStrike said that customers, overall, have chosen to stick with the company, most previously arranged deals remain in the pipeline, and the company has even signed major new contracts.
On top of this, CrowdStrike is preparing for an event starting Sept. 16 that could lead to additional sales. Should you buy the stock before then?
Source Fool.com
CrowdStrike Holdings Inc Stock
The stock is one of the favorites of our community with 99 Buy predictions and 1 Sell predictions.
As a result the target price of 196 € shows a slightly positive potential of 1.93% compared to the current price of 192.28 € for CrowdStrike Holdings Inc.
