What's Going On With CrowdStrike Stock Wednesday?
Portfolio Pulse from Dylan Berman
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares are moving higher as the company prepares to release its quarterly fiscal earnings on August 28. Analysts estimate an EPS of 98 cents and revenue of $958.69 million. The company is also facing legal action from Delta Air Lines over a July 19 outage, which Delta claims caused $500 million in damages. Multiple analysts have recently adjusted their price targets for CrowdStrike.
August 14, 2024 | 6:16 pm
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CrowdStrike shares are moving higher ahead of its Q2 earnings report on August 28, with analysts estimating an EPS of 98 cents and revenue of $958.69 million. The company is also dealing with legal action from Delta Air Lines over a July outage, which Delta claims caused $500 million in damages. Multiple analysts have recently adjusted their price targets for CrowdStrike.
The anticipation of the upcoming earnings report is driving the stock price higher. Positive earnings expectations generally lead to a short-term price increase. However, the ongoing legal action from Delta Air Lines could pose a risk. The mixed analyst price target adjustments indicate some uncertainty but overall positive sentiment.
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