analyst Hamza Fodderwala believes that CRWD will be able to “limit long-term reputational damage from the outage given the company’s swift response (>97% of impacted Windows sensors back online as of 7/25) and partner checks indicating limited churn risk so far.” However, the analyst removed CRWD from its “Top Pick” list due to the stock’s decline of more than 30% over the past month. Fodderwala believes that CRWD is nearing a bottom and views the recent events as a potential headwind.
Furthermore, the analyst pointed out that the company is likely to lose around 20% of new bookings over the second half of 2024 due to the outage.
Furthermore, the analyst pointed out that the company is likely to lose around 20% of new bookings over the second half of 2024 due to the outage.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.