Streetbeat News

CRWD

CrowdStrike Holdings, Inc.

https://www.crowdstrike.com

Industry

Software - Infrastructure

CrowdStrike Holdings, Inc. provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners. It serves customers worldwide. The company was incorporated in 2011 and is based in Austin, Texas.

Open

340.40

Mkt cap

83B

Volume

3.4M

High

343.00

P/E Ratio

488.04

52-wk high

398.33

Low

332.75

Div yield

N/A

52-wk low

200.81

CrowdStrike Holdings (NYSE:CRWD) has seen a decrease in its short interest by 11.39%, with 8.94 million shares sold short, representing 3.89% of its float. This is lower than the peer group average of 5.00%. The decrease in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 5:15 pm

U.S. stocks are expected to open positively as investors focus on earnings from the 'Magnificent 7' companies, including Apple, Microsoft, Alphabet, Meta, and Amazon. Oil prices have tumbled due to geopolitical tensions, impacting Exxon Mobil and Occidental Petroleum negatively. Delta Air Lines rose after suing CrowdStrike over an IT outage. Rising treasury yields could pose a risk to the market despite strong earnings.

Portfolio Pulse from Rounak Jain

October 28, 2024 | 11:30 am

Delta Air Lines experienced a 2.61% rise in pre-market trading following its lawsuit against Crowdstrike Inc. for a July outage that caused significant operational disruptions and financial losses. Delta is seeking compensation for these losses.

Portfolio Pulse from Benzinga Neuro

October 28, 2024 | 10:11 am

Delta Air Lines has filed a $500 million lawsuit against CrowdStrike over a July outage that disrupted flights and affected 1.3 million customers. The incident, described as the largest IT outage in history, also impacted Microsoft. Delta is seeking damages for lost profits and reputational harm.

Portfolio Pulse from Rounak Jain

October 27, 2024 | 4:36 am

CrowdStrike has issued a statement refuting Bloomberg's October 25, 2024 report, which it claims is misleading. The company asserts that a transaction with Carahsoft was conducted in compliance with U.S. GAAP and denies any 'pre-booking' allegations.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 7:57 pm

The U.S. Global Jets ETF (JETS) has surged 51.65% over the past year, driven by strong performances from top holdings like Delta Air Lines (DAL) and Southwest Airlines (LUV). The ETF recently formed a Golden Cross, indicating a bullish trend. United Airlines (UAL) also contributed with strong earnings, while Delta faces challenges from a costly tech outage, and Southwest deals with Boeing delivery concerns.

Portfolio Pulse from Surbhi Jain

October 25, 2024 | 4:54 pm

CrowdStrike and Carahsoft had an agreement to sell software to the IRS, but the IRS did not purchase it. Despite this, Carahsoft is still paying CrowdStrike.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 4:40 pm

CrowdStrike Holdings (NASDAQ:CRWD) has significantly outperformed the market over the past 5 years, with an average annual return of 45.4%. A $1000 investment in CRWD 5 years ago would now be worth $6,477.58, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 3:00 pm

Technology stocks are experiencing a decline, potentially due to overall market weakness and rising treasury yields.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:23 pm

CrowdStrike and Fortinet have partnered to integrate AI-native security from CrowdStrike's Falcon platform with Fortinet's next-generation firewalls, enhancing endpoint and network security. This collaboration aims to improve threat detection and response, offering customers comprehensive insights and real-time protection.

Portfolio Pulse from Lekha Gupta

October 22, 2024 | 5:14 pm

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