the article is about a company called CrowdStrike that helps keep computers safe from bad guys. A man named Malcolm Ethridge thinks it's a good time to buy stock in this company, which means people can own a small part of it. He says if people liked it when it cost $350, they should like it even more now that it costs $250. Some people were sad because there was a big computer problem recently that made lots of flights cancel, but Malcolm still thinks CrowdStrike is a good company to invest in for the future. Read from source...
It appears that the author's enthusiasm for CrowdStrike's potential growth may have blinded them to the recent operational disruptions the company faced. Legal actions and lawsuits can significantly impact a company's financial standing and public perception, potentially derailing future growth. Furthermore, statements such as "if you loved it at $350, you should absolutely love it at $250" seem to rely on emotions rather than rational analysis. This sort of investing advice can lead to impulsive decision-making and financial losses. Overall, the article would benefit from a more objective, fact-based analysis that takes all relevant factors into account.
Time To Buy CrowdStrike? Analyst Says 'If You Loved It At $350, You Should Absolutely Love It At $250' After Recent Microsoft Outage Drove Stock Down
CrowdStrike Holdings Inc. (CRWD) shares have taken a hit after a global outage last month impacted air travel, and the company is now facing legal action. Despite the lawsuit and the operational disruptions, some analysts remain optimistic about CrowdStrike's long-term growth potential. Piper Sandler analyst Rob D. Owens recently upgraded CrowdStrike's rating to Overweight from Neutral, citing the company's resilience and dominance in the endpoint space as key growth catalysts.
Recent Microsoft Outage:
The cybersecurity firm is accused of negligence in testing and deploying its software, leading to the outage that resulted in significant operational disruptions, including about 7,000 flight cancellations over five days. This had a direct revenue impact of $380 million for the September quarter for Delta Air Lines, Inc. (DAL).
Analyst Recommendations:
Malcolm Ethridge, Executive Vice President of CIC Wealth, expressed his bullish stance on CrowdStrike Holdings Inc. on CNBC's Worldwide Exchange on Friday. Ethridge suggested that the current situation presents a buying opportunity for investors. "When we get to a place where we believe that the worst of the news is out there, it's time to buy CRWD. If you loved it at $350, then you should absolutely love it at $250," says @MalcolmOnMoney to @FrankCNBC.
Price Action:
Crowdstrike was trading 1.65% higher during pre-market on Friday, according to Benzinga Pro.
Risks:
- Legal action against CrowdStrike over the global outage
- Operational disruptions and revenue impacts
Recommendations:
- Investors should consider buying CRWD shares due to its long-term growth potential.
- CRWD shares are trading at a lower price than before, providing an opportunity for investors to buy.
- Despite the recent legal action and operational disruptions, CrowdStrike is expected to remain resilient and continue to dominate in the endpoint space.