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
Portfolio Pulse from Benzinga Neuro
Malcolm Ethridge of CIC Wealth expressed a bullish stance on CrowdStrike Holdings Inc. (NASDAQ:CRWD) despite recent legal issues and operational disruptions caused by a global outage. Ethridge suggests that the current lower stock price presents a buying opportunity. The outage led to significant disruptions, including 7,000 flight cancellations and a $380 million revenue impact for Delta Air Lines, Inc. (NYSE:DAL). Despite these issues, some analysts remain optimistic about CrowdStrike's long-term growth potential.
August 09, 2024 | 1:45 pm
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POSITIVE IMPACT
Malcolm Ethridge of CIC Wealth expressed a bullish stance on CrowdStrike Holdings Inc. despite recent legal issues and operational disruptions caused by a global outage. Ethridge suggests that the current lower stock price presents a buying opportunity.
Ethridge's bullish stance and the suggestion that the current lower stock price presents a buying opportunity could positively influence investor sentiment. However, the ongoing legal issues and operational disruptions may temper this optimism.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Delta Air Lines, Inc. faced significant operational disruptions, including 7,000 flight cancellations and a $380 million revenue impact for the September quarter, due to a global outage caused by CrowdStrike.
The significant operational disruptions and revenue impact due to the global outage caused by CrowdStrike are likely to negatively affect Delta Air Lines' stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70