CrowdStrike Holdings Inc Class A
CRWD: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$443.00 | Yxfgj | Mvlqfkccd |
CrowdStrike: We Don't Share Market's Views of What Is Still a High-Quality Firm
Investor confidence in CrowdStrike has plummeted following the global IT outage caused by a faulty content update. The firm’s shares are down more than 20% since the incident in the early hours of July 19. After doing a more extensive review, following our initial reaction Friday morning, we are maintaining our $300 fair value estimate and narrow economic moat. We continue to view CrowdStrike as a high-quality security vendor with an exceptional track record of profitable growth, a record we see extending out in the future.