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CrowdStrike Analysts See Execution At High Level After Microsoft Outage: Why 'Doomsday Scenario' Didn't Happen

Benzinga LogoBenzinga3d ago

CrowdStrike Analysts See Execution At High Level After Microsoft Outage: Why 'Doomsday Scenario' Didn't Happen - Benzinga

Quick Summary:

The analyst said CrowdStrike expects $60 million in deal value pushed out of the second quarter, a $30 million impact to subscription revenue in the third and fourth quarters and a high-single-digit millions impact to professional services in the second half.

The CrowdStrike Analysts: Goldman Sachs analyst Gabriela Borges maintained a Buy rating and a $295 price target.

Analysts are impressed with the financial results and company commentary from CrowdStrike Holdings Inc (NASDAQ:CRWD) beating revenue and earnings per share estimates in the second quarter.


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Article Details

Author / Journalist: Chris Katje

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 16:06:27 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 768 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22298683

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 1 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 11 hours ago

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Publication Timezone: GMT +8:00

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Publisher ID: #53

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