Oof, CRWD plummets over 7% after providing weak estimates for Q3. Sounds like government and enterprise spending on cybersecurity products is dwindling. Probably reallocating that money on AI, AI, and more AI. Oh, and a $1 billion dollar buyback program. Can't forget about the shareholders even when you have a PE ratio of nearly 1000 and a gloomy outlook.
https://finance.yahoo.com/news/crowdstrike-...
CrowdStrike
CRWD
trading on NASDAQ
since 2019
$470.00
(Δ -0.10%)
-$0.45 since open
CrowdStrike is a leading cybersecurity company that provides a cloud-native platform, powered by artificial intelligence, to protect businesses from cyberattacks, breaches, and ransomware across endpoints, cloud environments, and identities.
| type | open | high | low |
market cap |
volume |
|---|---|---|---|---|---|
| stock | $470.35 | $474.31 | $466.94 | $121.41B | 2.30M |
| eps | p/e | p/s |
operating margin |
profit margin |
yield |
| -$0.44 | 15666.67 | 105.82 | -11.30% | -10.06% | 0% |
Why would anybody buy into this, it's insanely overpriced for what it is
Remember the global computer crash of July 2024? One year ago a faulty CrowdStrike update brought the entire world of IT to a halt while overworked sysadmins scrambled to purge the broken patch and restore critical systems. Many feared it was the end for the company as its stock initially plummeted from around $345. However CrowdStrike mounted an unbelievable comeback through crisis management and closed door dealings. Today CRWD is at a whopping $470+ highlighting just how much quality of your product does not matter in today's economy. It's a valuable lesson for investors to recognize fundamentals are only a small, often insignificant contribution to the valuation of a company.