CrowdStrike is about to push to ATH's, 60% Move Inbound!CrowdStrike is about to push to ATH's, 60% Move Inbound!
NASDAQ:CRWD is going higher and presenting a buying opportunity!
60% Potential Upside! 📈
In this video, we dive into this Cyber Security Goliath:
💡 Key Highlights:
-Breaking out of Bull Flag
-H5 Indicator: Flashing green for a bullish signal
-Volume Insights: Massive GAP to fill
-Technical Analysis: Consolidation box formed on WR%
Targets:
🎯$399
📏$537
Don't miss out on the potential explosive growth of CrowdStrike! Tune in to see why this stock could be a game-changer!
NFA
CRWD
When Does a Digital Guardian Become a Digital Liability?In a dramatic turn of events that has captivated both Wall Street and Silicon Valley, a routine software update has spiraled into a half-billion-dollar legal battle between two industry titans. Delta Air Lines' lawsuit against cybersecurity leader CrowdStrike raises fundamental questions about corporate accountability in our increasingly interconnected world. The incident, which paralyzed one of America's largest airlines for five days, serves as a stark reminder of how thin the line has become between digital protection and digital vulnerability.
The case's implications stretch far beyond its $500 million price tag. At its core, this legal confrontation challenges our basic assumptions about cybersecurity partnerships. When CrowdStrike's update crashed 8.5 million Windows computers worldwide, it didn't just expose technical vulnerabilities—it revealed a critical gap in our understanding of how modern enterprises should balance innovation with stability. Delta's claim that it had explicitly disabled automatic updates, only to have CrowdStrike allegedly circumvent these preferences, adds a layer of complexity that could reshape how businesses approach their cybersecurity relationships.
Perhaps most intriguingly, this case forces us to confront an uncomfortable paradox in corporate technology: can the very systems we deploy to protect our infrastructure become our greatest point of failure? As businesses pour billions into digital transformation, the Delta-CrowdStrike saga suggests that our cybersecurity paradigm might need a fundamental rethink. With federal regulators now involved and industry leaders watching closely, the outcome of this battle could redefine the boundaries of corporate liability in the digital age and set new standards for how we approach the delicate balance between security and operational stability.
CRWD – Daily Time Frame Pullback After BreakoutOn the daily timeframe, CRWD has broken out of a key resistance level and is now in the process of a pullback. My target for this move is the pink zone, which I’ve identified as the next potential resistance.
Strategy: I'll be monitoring this pullback closely for a potential move toward the pink zone, which could be a good area to take profits.
CrowdStrike’s Earnings Beat Expectations, Outlook Clouds Future Key Takeaways:
- Revenue Surprise: CrowdStrike’s revenue surged 32% year-over-year, surpassing analysts' expectations.
- Outage Fallout: The first earnings report since a significant global outage reveals lowered revenue guidance and potential long-term customer trust issues.
- Financial Forecast Adjustment: Revised revenue guidance for the fiscal year ending January 31, 2024, lowered to $3.89 billion - $3.9 billion from the previous $3.97 billion - $4 billion projection.
CrowdStrike’s Revenue Beat Amid Challenges
CrowdStrike Holdings ( NASDAQ:CRWD ), a leading cybersecurity firm, delivered better-than-expected earnings this quarter, posting a 32% increase in revenue year-over-year to $963.9 million. However, despite these solid top-line numbers, the company lowered its full-year revenue guidance following a substantial software update failure that led to a global outage affecting numerous clients.
The Aftermath of the Global Outage
The recent report marks CrowdStrike’s first public disclosure since the critical July 19th incident, which disrupted services globally and caused significant operational issues for major clients, including Delta Air Lines. To manage the fallout, CrowdStrike has committed to a $60 million "customer commitment package," offering credits to affected clients. Still, this amount is likely only a fraction of the actual damages incurred, with Delta alone estimating losses of around $500 million.
Despite these setbacks, CrowdStrike has managed to retain a 98% customer retention rate, suggesting a robust level of client loyalty. CEO George Kurtz emphasized the company’s resilience, stating, "Working with customers to recover from the July 19 incident, we emerge as an even more resilient and customer-obsessed CrowdStrike."
Financial Adjustments and Market Reactions
CrowdStrike ( NASDAQ:CRWD ) adjusted its revenue forecast for the fiscal year, now expecting between $3.89 billion and $3.9 billion, down from its earlier prediction of $3.97 billion to $4 billion. This revision aligns with the company's strategy to manage customer relations and mitigate the fallout from the outage.
The market reaction has been mixed: CrowdStrike shares ( NASDAQ:CRWD ) initially climbed in after-hours trading but later fell by about 2%. As of Wednesday’s close, the stock remains down over 20% since the outage but has rebounded 33% from the post-outage low three weeks ago. Investors appear cautiously optimistic, recognizing both the risks and the potential for recovery.
Balancing Revenue Growth and Customer Retention
The company's annual recurring revenue (ARR) increased by 32% to $3.86 billion, with $217.6 million added in the quarter, highlighting the ongoing demand for cybersecurity solutions despite recent hiccups. The challenge, however, lies in maintaining this growth trajectory. Moody’s recently revised its outlook on CrowdStrike from "positive" to "neutral," reflecting concerns about potential revenue growth slowdowns and the company's ability to manage customer relationships post-incident.
Legal Battles and Future Outlook
CrowdStrike ( NASDAQ:CRWD ) is gearing up for potential legal disputes, particularly with Delta Air Lines, which is preparing to sue the company over the outage losses. CrowdStrike has a contractual liability cap of less than $10 million with Delta, but the extent of the financial impact remains uncertain.
Moody’s analyst Raj Joshi commented, "If performance is deteriorating, it’s not going to show up in the numbers immediately. There’s a lag." He pointed out that while existing customers may take time to switch providers, the bigger challenge for CrowdStrike will be to rebuild trust and continue selling additional services to clients affected by the outage.
Conclusion
While CrowdStrike’s recent earnings report underscores its robust revenue capabilities, the company faces an uphill battle to manage customer trust, retain business, and mitigate the financial and reputational damage caused by the outage. The next few quarters will be crucial in determining whether CrowdStrike ( NASDAQ:CRWD ) can maintain its growth momentum or if the lingering effects of this incident will prove more detrimental to its long-term prospects.
I AM BULLISH ON CROWDSTRIKE (CRWD)
On August 5th, we observed CROWDSTRIKE (CRWD) experiencing a significant downturn, dropping to approximately $200.
This decline coincided with a challenging day across both the financial markets and the cryptocurrency space. As of now, CRWD has rebounded to $248.
Based on my current analysis, I believe this is an attractive entry point for a mid-term investment. I am initiating a buy position at this level, targeting a price of around $300. To manage risk, I have set a stop loss at $228.
RR = 1:3.2
Despite recent volatility, CROWDSTRIKE remains a stock with strong potential for growth.
NVDIA BULLS! DON'T FART TOO LOUDLY. IT'S TOO STUFFYhe AI boom is reaching the sort of lofty heights that characterised history’s great bubbles, from the Dutch tulip mania to the dotcom bust at the turn of the millennium. Investors have now determined that Nvidia alone is worth more than the entire annual output of Spain. Add in the tech companies expected to profit most from the AI revolution — Nvidia along with Amazon, Apple, Alphabet, Meta, Tesla, and Microsoft — and the so-called Magnificent Seven are together valued at more than the stock markets of every other country on the planet. The American stock market’s spectacular performance over the last year, up more than a fifth, has been driven almost entirely by these seven companies.
We’ve been here before, many times. New technologies often produce bubbles — railways in the 19th century, automobiles and radios in the 1920s, the internet in the 1990s and now the AI boom, which was triggered by Open AI’s launch of ChatGPT late in 2022. Driving any bubble is the same conviction that the new technology will revolutionise the economy, combined with the fact that nobody can be sure just how it will do that. So narratives of transformation become self-sustaining, as the stock’s rise draws in ever more investors eager to join the ride, creating a self-propelling upward cycle.
In time, all bubbles burst, earlier or later.
CrowdStrike Faces Crisis: A Major Outage and Its AftermathCrowdStrike Holdings Inc., ( NASDAQ:CRWD ) a giant in the cybersecurity industry, recently faced one of the most significant technological crises in history. The incident, which caused substantial financial losses for its customers, has raised important questions about liability, resilience, and the future of cybersecurity.
The Incident: A Global Technology Meltdown
On the morning of July 19, 2024, a software update issued by CrowdStrike for Microsoft Windows systems triggered a massive global outage. The fallout was immediate and severe, impacting healthcare providers, banks, airlines, TV stations, and hotels. Over 8.5 million PCs and devices running Windows were affected, leading to widespread business interruptions, operational delays, and significant financial losses.
Financial Impact: Billions in Losses
Parametrix, an analytics and insurance provider, estimated the financial impact of the outage at $5.4 billion for Fortune 500 companies alone. Despite this staggering figure, CrowdStrike ( NASDAQ:CRWD ) itself is largely shielded from direct financial repercussions due to the software industry’s licensing structures, which limit developer liability, and the comprehensive insurance policies held by CrowdStrike and its clients. Nevertheless, the cybersecurity insurance policies of these Fortune 500 customers will likely cover only 10% to 20% of the losses, translating to insured losses between $540 million and $1.08 billion.
Response and Recovery
CrowdStrike's Chief Executive, George Kurtz, took to LinkedIn to reassure stakeholders, announcing that over 97% of Windows sensors were back online. However, the recovery came at a cost to customers, who suffered significant losses due to downtime and business disruptions. In his public statement, Kurtz emphasized the company’s commitment to its customers and promised a detailed update in the forthcoming earnings call.
Market Reaction and Analysis
Following incident, CrowdStrike's shares dropped by about 25%, resulting in a market value loss of approximately $22 billion. Analysts have adjusted their price targets to account for the potential long-term effects. Despite this setback, CrowdStrike's strong position in the cybersecurity industry and its crucial role in preventing cyberattacks indicate a complex future. While the company's software is difficult to replace, the incident may impede new customer acquisition. The stock closed at $254.15 previously, with a day's range of $251.26 to $260.54, and a 24-hour volume of 9,519,211 shares. The next Crowdstrike ( NASDAQ:CRWD ) Earnings Date is slated for Aug 28, 2024.
Industry Perspectives
Tracy Woo, a cloud computing analyst at Forrester Research, highlighted CrowdStrike’s critical role in cybersecurity. “CrowdStrike is probably one of the biggest, most dominant software companies out there in the cybersecurity field,” Woo noted. While she does not foresee a mass exodus of customers, she acknowledged that renewal rates could drop, depending on how deeply integrated CrowdStrike's solutions are within their clients' systems.
Legal and Insurance Implications
Bronstein, Gewirtz & Grossman, LLC has encouraged investors to seek compensation for alleged wrongdoings, as the potential for litigation looms. Jonathan Hatzor, CEO of Parametrix, explained that it is impossible for companies like CrowdStrike to shoulder unlimited financial liabilities, hence the reliance on insurance to diversify and mitigate such risks.
The Road Ahead
CrowdStrike's resilience will be tested in the coming months as it navigates the fallout from this incident. The company's ability to retain customer trust, mitigate legal repercussions, and maintain its leadership in cybersecurity will be critical. Upcoming developments, including the anticipated updates in their earnings call and potential new measures to prevent such incidents in the future, will be closely watched by stakeholders.
While the recent outage has undeniably impacted CrowdStrike and its customers, the company's position in the cybersecurity landscape offers a foundation for recovery and continued dominance. As the market adjusts to these developments, CrowdStrike's commitment to its customers and its proactive measures will be pivotal in restoring confidence and driving future growth.
For more in-depth analyses and updates on CrowdStrike and other major players in the tech industry, follow @DexWireNews.
Crowdstrike May Signal Stock Market Top But Crypto Trump Pump!Traders,
I tried very hard to upload a video to the TV platform today but was unsuccessful. It may be that TV is also affected in some ways by the Crowdstrike update, I don't know? Needless to say, my video will not be shown here and due to house rules I am unable to say where you might find it or if it is even available. So, in keeping with those rules, I will only give the written preview of what the video will be when/if I can eventually upload to Tradingview. Sorry for the inconvenience. Here is my prelude to the video that I made for this post.
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To help us understand the broad, over-arching view and where our economy may be headed, both in the U.S. and abroad, we must sometimes tackle some subject matter that appears to be political on the surface and makes some people rather uncomfortable. But if we are going to be accurate traders, then we also need to be honest. Being honest involves setting aside our political dogma and preferences and viewing current events with as little bias as possible. Removing bias involves removing emotion. Let's attempt to do that today as I dive in with a closer inspection of the Crowdstrike-caused Microsoft BSoD outage and discuss Trump's recent assassination attempt. We are going to cover how each of these recent events has impacted the stock market and our crypto space. If this subject matter makes you uncomfortable, you may want to skip this video. I'm cutting straight to the chase here and I'll explain why it matters. You see, I learned the hard way a long time ago that if you want to make money in this market then you have to understand what the world rulers are up to and what their end game might be. It's often uncomfortable to explore motives here because they appear to be so uncompassionate, calloused, and uncaring, but we must put them on the table as options at least if we are going to determine market direction and become the best traders that we can be. Following the money and potential motives of the deep state(s) can help us win. This is what we'll do a bit of in today's video. Enjoy.
CRWD - Crowdstrike, this looks similar. Crowdstrike has been demolished in recent session on the back of poor Cybersecurity news / IT OUTAGES.
This type of sell usually gets a dead cat bounce like we saw in December of 2021.
However this decline usually proceeds more selling.
Notice how price respected each Fib level, but it did challenge and pierce each Fib level, shaking out buyers and sellers.
Im eyeing a quick bounce soon but a move lower move we complete that bounce.
Make it or break it moment for $SWith the spectacular fall of NASDAQ:CRWD last week I expect to be a decisive week for SentinelOne.
Scenario nr 1
Break out of the correction or for Bill O'Neill followers break out of the base.
Supporting evidence:
1. Fundamental. Better than expected earnings
The biggest competitor is having a terrible day
2. Rising MACD histogram on the weekly
3. MACD lines almost crossing
4. Force Index getting positive
5. Getting The Positive Direction Line above the Negative Directional Line will mean that the bullish traders dominate the market.
Scenario nr 2
Break out is not ready yet and we go back in the correction range evidenced on my graph by the parallel channel
Why?
Waiting for earnings confirmation?
Force Index above 0 is minor at this point a follow-up week will break the trend.
The stock needs to deal with the overhang supply. First hurdle, people who bought around the $22 price.
CRWD dark signs even before the crisis today
1. Price below the Mid Channel in premarket on a weekly timeframe
2.MACD lines crossing down
3. MACD lines making a divergence with the price
4. MACD histogram going below the 0 line
5. Force Index going down
Pick and choose
If you want the indicator on my chart, send me a message.
CrowdStrike (CRWD) Analysis Market Leadership:
CrowdStrike NASDAQ:CRWD , a global cybersecurity leader, is experiencing increased spending from existing clients, with 64% of customers using five or more cloud modules as of January 31, 2024. This customer loyalty drives CrowdStrike toward its target adjusted subscription gross margin of 82% to 85%.
Investor Confidence:
Prominent investors, including Ken Griffin of Citadel Advisors and Israel Englander of Millennium, are accumulating positions in CRWD, indicating strong confidence in its future prospects.
Advanced Technology:
CrowdStrike's Falcon platform, a cloud-native solution utilizing AI and machine learning, oversees trillions of events weekly. This advanced technology has boosted retention rates from below 94% to a steady 98% over seven years, showcasing high customer trust.
Leadership Insight:
CEO George Kurtz emphasizes the company's appeal: "Customers favor our single platform approach. CrowdStrike is cybersecurity's consolidator of choice, innovator of choice, and platform of choice to stop breaches."
Investment Outlook:
Bullish Outlook: We are bullish on CRWD above the $295.00-$300.00 range.
Upside Potential: With a target set at $485.00-$490.00, key drivers include increasing customer spending, advanced technology adoption, and strong investor confidence.
📊🛡️ Monitor CrowdStrike for promising investment opportunities! #CRWD #Cybersecurity 📈🔍
CRWD Elliot Wave AnalysisCRWD Crowdstrike Elliot Wave.
It's somewhat unorthodox as this stock is bullish with a lot of buying pressure. Less choppy than the broader market.
This has large upside as Wave 3 has just broken out and can swing to the upside.
Disclaimer: Do not invest money you can not afford to lose, not investment advise. I do not have a position.
$PANW – Looks like it may have bottomedNASDAQ:PANW This cybersecurity leader got beat-up on the last earnings report. It looks to me that it may have bottomed out. On this weekly chart (the week is still young) it is in the process of setting up as an inside week. It is regaining the 40 Week MA which I view as important. Additionally, the volume has been declining since the big sell-off. I take that to mean that the selling pressure is over or about over. I am going to be patient with this one and look for it to close above that 40-week MA. If it does, I will look at a lower timeframe chart for a good entry where I can find a good risk reward entry.
For now, it is on my watchlist as a B+ set-up in the making.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NOW is a buy after a down tech stock day LONGNOW is on 15 minute chart with a volume profile overlaid and relative volume and volatility
indicators below the chart. NOW had a good earnings beat late January. It is halfway to the
next earnings. I think right now software stocks are hotter than hardware/ networking stocks.
NOW got dragged down by technology headwinds into its support and the fall got rejected
by buyers near to the close of the regular market hours. The lower VWAP bands are confluent
with the support zone and confirm deep oversold and undervalued stock price.
I believe this is excellent for a long trade perhaps lasting until the run-up before earnings is
6-7 weeks through the buy of a small lot of shares or a call option expiring at the May or June
monthly in the range of $750 ( OTM). This will complement existing positions in CRM
CRWD and PLTR.