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CrowdStrikeTheStreet
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87% Informative
CrowdStrike reported better-than-expected second-quarter results, but reduced full-year guidance due to incentives for a customer commitment package after the outage.
CrowdStrike received sharp criticism from rival cybersecurity company SentinelOne CEO Tomer Weingarten , who said the outage was "an avoidable incident that was born under disregard for software deployment best practices" CrowdStrike is up 7.4% year-to-date as of August 29 .
Bank of America Securities analysts reiterated their $365 price target and buy rating for CrowdStrike .
BofA said the expected impact on the NNARR was better than feared, at $30 million per quarter.
Oppenheimer lowered the firm's price target on CrowdStrike to $365 from $ 450 and kept an outperform rating on the shares.
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