What's Going On With CrowdStrike Stock Monday?
Portfolio Pulse from Dylan Berman
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is set to report its Q2 2024 earnings on August 28. Analysts expect an EPS of 97 cents and revenue of $957.649 million. The company faces legal action from Delta Air Lines (NYSE:DAL) over a $380 million revenue loss due to an operational disruption. Analysts have lowered price targets for CrowdStrike, though ratings remain positive. The stock is up 1.42% at $266.27.
August 19, 2024 | 3:47 pm
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CrowdStrike is set to report Q2 earnings with expected EPS of 97 cents and revenue of $957.649 million. The company is facing legal action from Delta Air Lines over a $380 million revenue loss. Analysts have lowered price targets but maintain positive ratings.
The legal action from Delta Air Lines could negatively impact CrowdStrike's stock in the short term due to potential financial liabilities and reputational damage. Additionally, analysts lowering price targets, despite maintaining positive ratings, suggests caution. The upcoming earnings report adds uncertainty.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Delta Air Lines is pursuing legal action against CrowdStrike and Microsoft for damages caused by an operational disruption, claiming a $380 million revenue loss.
The legal action against CrowdStrike and Microsoft is significant for Delta Air Lines, but the direct impact on its stock price is uncertain. The focus is on potential recovery of damages, which may not immediately affect stock performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50