Crowdstrike Holdings Inc. ($CRWD) Stock Forecast: Down 5.1% Today

What is Crowdstrike Holdings Inc.?

CrowdStrike Holdings (CRWD) is a cybersecurity company that offers cloud-based security solutions to safeguard against cyber threats. The stock witnessed significant bearish movement in the market today.

Why is Crowdstrike Holdings Inc. going down?

CRWD stock is down 5.1% on Oct 31, 2024 14:38

• Concerns over the cybersecurity sector may have triggered the sell-off in CrowdStrike stock following a global outage impacting banks' reliance on tech vendors.
• Despite Jim Cramer's endorsement of purchasing CrowdStrike stock, broader market sentiment or specific negative events may have overshadowed his recommendation.
• Delta Airlines' legal proceedings against CrowdStrike might have instilled doubt and negative sentiment surrounding the company, contributing to the bearish movement in the stock.
• The reduction in CrowdStrike's short interest could suggest wavering confidence in the stock's short-term performance, potentially influencing the negative trend in the market.

CRWD Price Chart

CRWD Technical Analysis

CRWD News

Global outage gives banks pause about reliance on tech vendors

Such grand-scale outages have served as a wake-up call to the financial services industry, panellists tell conference.

https://www.scmp.com/business/banking-finance/article/3284639/finance-officials-banks-grow-wary-reliance-tech-providers-ai-after-global-outage

Jim Cramer Says Buy CrowdStrike Stock, Calls This Aerospace Manufacturer Is A 'High Speculative' Stock - CrowdStrike Holdings ( NASDAQ:CRWD )

On CNBC's "Mad Money Lightning Round," Jim Cramer recommended buying Intuitive Surgical, Inc. ISRG. On Oct. 17, Intuitive Surgical reported third-quarter revenue of $2.04 billion, beating the consensus estimate of $2 billion.

https://www.benzinga.com/trading-ideas/long-ideas/24/10/41623120/jim-cramer-says-buy-crowdstrike-stock-calls-this-aerospace-manufacturer-is-a-high-specul

Meta, Delta And A Global Shipping Stock On CNBC's 'Final Trades' - Meta Platforms ( NASDAQ:META )

On CNBC's "Halftime Report Final Trades," Kevin Simpson of Capital Wealth Planning said earnings of Meta Platforms, Inc. META are expected to be up 20%. The company has topped expectations in the past seven quarters, he added.

https://www.benzinga.com/trading-ideas/long-ideas/24/10/41622647/meta-delta-and-a-global-shipping-stock-on-cnbcs-final-trades

Looking Into CrowdStrike Holdings's Recent Short Interest - CrowdStrike Holdings ( NASDAQ:CRWD )

CrowdStrike Holdings's CRWD short percent of float has fallen 11.39% since its last report. The company recently reported that it has 8.94 million shares sold short, which is 3.89% of all regular shares that are available for trading.

https://www.benzinga.com/insights/short-sellers/24/10/41606708/looking-into-crowdstrike-holdingss-recent-short-interest

Delta Airlines Is Flying Higher During Pre-Market: What's Going On - CrowdStrike Holdings ( NASDAQ:CRWD ) , Delta Air Lines ( NYSE:DAL )

Delta Air Lines, Inc. DAL saw a 2.61% rise in pre-market trading on Monday. This uptick follows the airline's recent legal action against Crowdstrike Inc. CRWD. As per Benzinga Pro, Delta Airlines was trading at $55.34 after closing at $54.12 on Friday. Crowdstrike, however, had only a slight ...

https://www.benzinga.com/markets/equities/24/10/41569015/delta-airlines-is-flying-higher-during-pre-market-whats-going-on

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Crowdstrike Holdings Inc. Price History

04.08.2024 - CRWD Stock was down 5.2%

• Class action lawsuits against CrowdStrike Holdings may have instigated investor uncertainty, resulting in a stock sell-off.
• Unusual options activity, showcasing a bearish sentiment from wealthy investors, likely intensified the downward trend in CRWD.
• The forthcoming congressional testimony addressing a recent IT disruption at CrowdStrike likely triggered apprehensions about the company's operational dependability, influencing investor trust.
• Ongoing notifications from legal entities regarding class action lawsuits against CrowdStrike could have compounded the negative sentiment surrounding the stock, contributing to the observed bearish movement today.

29.07.2024 - CRWD Stock was up 5.2%

• The stock of CrowdStrike experienced a notable uptrend today, despite encountering difficulties linked to a problematic software update.
• Analysts reacted positively to the company's financial performance and operational capabilities, contributing to heightened investor confidence in the stock.
• The fallout from the Microsoft service disruption was less impactful than initially predicted, generating a favorable outlook for CrowdStrike.
• Even though there was a decrease in revenue projections due to the Windows service disruption affecting new contracts, CrowdStrike outperformed expectations for the second quarter, demonstrating resilience and robust performance in a challenging environment.

29.07.2024 - CRWD Stock was up 6.0%

• CRWD reported strong Q2 earnings, beating expectations with non-GAAP earnings of $1.04 per share, which exceeded both the Zacks Consensus Estimate and management's guidance.
• Despite weak FY25 guidance, the company's record revenue and strong growth highlighted in the earnings call transcript boosted investor confidence.
• The class action lawsuit announcement by the Portnoy Law Firm may have initially caused some concerns among investors, but the positive earnings results overshadowed this news, leading to the bullish movement.
• Overall, the market reacted positively to CRWD's performance, indicating investor optimism in the company's growth prospects despite the legal challenges.

29.07.2024 - CRWD Stock was up 5.6%

• CrowdStrike (CRWD) surpassed Q2 expectations despite a significant software update outage in July, highlighting its resilience and strong performance.
• While revenue and profit forecasts were reduced post the Windows outage, the stock's bullish movement today indicates market optimism regarding CrowdStrike's ability to overcome obstacles.
• The company's consecutive recognition as a Frost Radar™ Leader in Cloud Workload Protection Platforms further cements its position in the cybersecurity industry, potentially bolstering positive market sentiment and the stock's upward trend.
• The optimistic outlook for cybersecurity stocks and CrowdStrike's cutting-edge solutions likely contributed to the stock's robust performance today, notwithstanding recent company challenges.

19.08.2024 - CRWD Stock was up 5.3%

• The bullish movement in CRWD stock today could be attributed to the launch of AI Security Posture Management by CrowdStrike. This new feature enhances cloud protection and demonstrates the company's commitment to staying at the forefront of cybersecurity technology.
• The ongoing securities fraud class action lawsuits against CrowdStrike may have initially caused some uncertainty and downward pressure on the stock. However, investors seem to be focusing more on the company's strategic advancements in cybersecurity, leading to the bullish movement.
• The reminder for investors with losses exceeding $100,000 to file lead plaintiff applications in the class action lawsuit against CrowdStrike might have created some short-term volatility in the stock. Nevertheless, the market's positive response to the new security features indicates confidence in the company's long-term prospects.
• Overall, despite the legal challenges, CrowdStrike's proactive approach to enhancing its security offerings seems to have resonated well with investors, driving the bullish movement in the stock today.

10.09.2024 - CRWD Stock was up 5.2%

• CrowdStrike Holdings (CRWD) saw its stock price rise by +1.82%, surpassing the overall stock market growth.
• The recent acquisition in the cloud security sector by Cloudflare could have positively influenced investor sentiment towards cybersecurity firms like CrowdStrike.
• Positive recommendations from Wall Street analysts regarding CRWD might have bolstered the company's bullish performance.
• An increase in CRWD's short percent of float indicates rising investor interest, possibly leading to higher demand and an uptick in the stock price.

19.08.2024 - CRWD Stock was up 5.0%

• The launch of AI Security Posture Management and Data Security Posture Management features by CrowdStrike to enhance cloud protection.
• The partnership with Dazz to streamline cloud security and the launch of a financial services subsidiary.
• Reminder to shareholders to discuss their rights with legal firms despite facing class action lawsuits.
• The upcoming lead plaintiff deadline in the class action lawsuit leading to increased buying activity and driving the bullish movement.

25.09.2024 - CRWD Stock was down 1.7%

• A recent collaboration between CrowdStrike Holdings and Fortinet aimed at strengthening cybersecurity has initially encouraged investors, but a recent downward trend in the market may suggest a shift in sentiment.
• Observing bearish options trading by influential investors points towards limited short-term optimism, potentially influenced by market volatility or specific company performance concerns.
• Despite recent market fluctuations, it is advisable for investors to remain attentive to advancements within the cybersecurity industry that could potentially alter the current trajectory for CrowdStrike Holdings.

10.09.2024 - CRWD Stock was up 5.2%

• The positive market sentiment may have influenced the bullish movement in CRWD, with investors showing optimism about the company's growth prospects.
• Bullish recommendations from Wall Street analysts could have also played a role in driving up the stock as investors consider adding CRWD to their portfolios.
• An increase in the short percent of float for CRWD might have triggered a short squeeze, causing a surge in the stock price as short sellers hurried to cover their positions.
• Despite concerns about CRWD trading at a high PE multiple and facing challenges like slowing growth and past IT outages, the overall market sentiment today remained bullish.

06.08.2024 - CRWD Stock was down 5.0%

• Investigations on behalf of investors are being conducted by Faruqi & Faruqi, LLP, potentially influencing the prevailing negative sentiment surrounding CRWD stock.
• The reduction in EPS estimates, alongside lowered guidance and negative technical indicators, is exerting downward pressure on the stock price.
• Allegations in a securities lawsuit against CrowdStrike Holdings could be diminishing investor trust and contributing to the downward market trajectory.
• In essence, a mix of legal challenges, financial uncertainties, and negative perception from analysts and investors is likely fueling today's bearish movement in CRWD stock.

12.08.2024 - CRWD Stock was up 5.3%

• CrowdStrike Holdings (CRWD) stock observed a significant bullish trend.
• Over the past 5 years, the stock has surpassed the market performance, delivering an average annual return of 28.97%.
• Notable investment activity suggests a positive outlook on CRWD options, reflecting optimism among investors.
• The recent cybersecurity summit hosted by Microsoft post a global IT outage is speculated to have influenced investor confidence in cybersecurity sector, potentially contributing to the upward movement of CRWD.

31.09.2024 - CRWD Stock was down 5.1%

• Concerns over the cybersecurity sector may have triggered the sell-off in CrowdStrike stock following a global outage impacting banks' reliance on tech vendors.
• Despite Jim Cramer's endorsement of purchasing CrowdStrike stock, broader market sentiment or specific negative events may have overshadowed his recommendation.
• Delta Airlines' legal proceedings against CrowdStrike might have instilled doubt and negative sentiment surrounding the company, contributing to the bearish movement in the stock.
• The reduction in CrowdStrike's short interest could suggest wavering confidence in the stock's short-term performance, potentially influencing the negative trend in the market.