"A U.S. judge recently dismissed a shareholder lawsuit that accused cybersecurity company CrowdStrike Holdings Inc. ( NASDAQ: CRWD) of making false statements about its software testing before the 2024 global outage. Also, it has announced its intent to acquire Seraphic and SGNL, as well as new strategic partnership with Nord Security. The share price is 6.3% lower than a month ago and down 3.9% from six months ago, underperforming the Nasdaq in both time frames."
"Investors are concerned with future stock performance over the next one, five, or 10 years. While most Wall Street analysts will calculate 12-month forward projections, it is clear that nobody has a consistent crystal ball, and plenty of unforeseen circumstances can render even near-term projections irrelevant. 24/7 Wall St. aims to present some further-looking insights based on CrowdStrike's own numbers, along with business and market development information that may be of help with your own research."
"As digital tools became routine within the government and industrial sectors, the inherent security vulnerabilities from skilled antagonists armed simply with a computer created the birth of the cybersecurity industry. Founded in 2011, the Austin-based CrowdStrike has become a leader in the global cybersecurity industry, thanks to high-profile hacking and cyber-espionage investigations on both the corporate and government levels."
A U.S. judge dismissed a shareholder lawsuit that alleged CrowdStrike made false statements about software testing before a 2024 global outage. CrowdStrike announced intent to acquire Seraphic and SGNL and a strategic partnership with Nord Security. The share price is down 6.3% from a month ago and down 3.9% from six months, underperforming the Nasdaq in both periods. Since the June 2019 IPO, the share price is up over 562.4% yet remains 14.9% below its all-time high of $566.90. Founded in 2011 in Austin, CrowdStrike provides endpoint security, threat intelligence, and cyberattack response, with market cap growth from $1 billion in 2017 to $121 billion by 2025.
Read at 24/7 Wall St.
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