Goldman Sachs Analyst Stays Course On CrowdStrike Despite Outage, Expects Strong Company Reputation To Aid Recovery
Portfolio Pulse from Anusuya Lahiri
Goldman Sachs analyst Gabriela Borges maintains a Buy rating on CrowdStrike (CRWD) despite a significant outage caused by a failed update on its Falcon platform. The outage affected Microsoft (MSFT) systems globally. Borges expects CrowdStrike's strong reputation to aid recovery and projects fiscal 2025 revenue and EPS of $4 billion and $4.02, respectively.
July 19, 2024 | 5:00 pm
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NEUTRAL IMPACT
Goldman Sachs analyst Gabriela Borges maintains a Buy rating on CrowdStrike despite a significant outage caused by a failed update on its Falcon platform. Borges expects CrowdStrike's strong reputation to aid recovery and projects fiscal 2025 revenue and EPS of $4 billion and $4.02, respectively.
Despite the outage, the analyst's maintained Buy rating and positive projections for fiscal 2025 revenue and EPS suggest confidence in CrowdStrike's recovery. However, the immediate negative price action indicates short-term uncertainty.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Microsoft systems were significantly affected by a failed update on CrowdStrike's Falcon platform, causing disruptions in critical global services. The issue has been resolved, but the impact on Microsoft's operations highlights the importance of reliable cybersecurity solutions.
The outage caused significant disruptions in Microsoft's systems, which could lead to short-term negative sentiment. However, the issue has been resolved, and the long-term impact may be limited.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 50