CrowdStrike: A +35% Drop Doesn't Make It A Buy
CRWDCrowdStrike(CRWD) Seeking Alpha·2024-08-10 19:21
Sundry Photography Intro & Thesis Almost every investor has thought about initiating a position in CrowdStrike (NASDAQ:CRWD) because the stock has gotten hammered for the past three weeks as a result of the IT outage. Despite the +35% drop in the price, I rate the stock a HOLD because I believe now isn't the right time to initiate a position given the uncertainty surrounding the company. Two very important questions kept coming up as I researched CRWD: Can the company survive the current predicament? Mo ...