The CrowdStrike share is currently trading at EUR 250.83, which is 45.22% above its 52-week low, but still 46.56% below its annual high. In the past month, the share price has gained an impressive 15.83%. This positive development has continued even after the publication of the latest quarterly figures.
Despite a serious IT glitch in July that led to class action lawsuits, CrowdStrike beat analysts' expectations. Revenue rose 37% to $731.6 million in the second quarter, with calculated earnings of $0.74. However, the company slightly lowered its full-year forecast due to customer refunds following the glitch.
Outlook remains positive
Experts remain optimistic about CrowdStrike shares. Bank of America confirmed its price target of $365, which corresponds to an upside potential of around 30%. The reasons given are the continued strong growth and the leading position in the field of cloud-based cybersecurity. The robust demand for AI-supported security solutions should also give the company a tailwind in the coming quarters.
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