$CrowdStrike (CRWD.US)$ Doesn't look good at all. Even if it...
$CrowdStrike(CRWD.US$ Doesn't look good at all. Even if its resolved quickly, the company might be sued to oblivion and suffered serious reputation damage. Better sell while you still can.
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Sushi Invest : but this is an opportunity to load up when prices fall. this is a excellent company
102857261 OP : Major news outlet are identifying an update from Crowdstrike that cause the outage. Going global.
104346163 Sushi Invest : excellent company push bsod update to production without going through sit uat testing?
Ah Vivi : Think long term. Sub 300 is such a great discount. never thought this was possible after snp inclusion.
104084766 : stay away. the repercussions are huge
102857261 OP 104346163 : Exactly. Its an update. Should be thoroughly tested first before release. Simply inexcusable.
MomentumPython1337 Ah Vivi : i dont think you should rush to buy it this could be really bad for the company's forward earnings
Ah Vivi MomentumPython1337 : It’s ok. Like i said, long term. I don’t like to follow the masses who buy high and sell low.
MomentumPython1337 Ah Vivi : i don't know what's the long term potential. if CRWD gets sued for millions of dollars this could even reach billions in law suits, have you even seen the news, many major airlines worldwide all facing delays and issues, australian government has convened an emergency meeting, banks are offline and people can't even make payments. everyone is going to pile up and sue crowdstrike for legal damages and look. their total revenue in 1 quarter isn't even 1 billion yet so their next quarter earnings it's going to become negative and break this whole trend of revenue growth
and what's worse, why would customers continue to subscribe to a provider that can't do their job, they're going to slowly switch to PANW, ZS, S and other providers so the forward earnings for CRWD will drop and stock price always follows the forward earnings so I don't see the upside for CRWD here
bear in mind CRWD is already trading at a premium relative to its cybersecurity peers, even with the selloff it's just going back to its original fair valuation. with drop in earnings that fair value will decrease, plus big funds and institutions might start to sell shares because this is a major event.
MomentumPython1337 Ah Vivi : look i was a big bull in CRWD i held their shares through 2023 and 2024 I'm up triple digits but i think this is it for the company I don't feel comfortable owning shares at this point