I’m not sure if this kinda thing is allowed to be posted or not, apologies if not. I’m just genuinely curious of people’s thoughts on Crowdstrikes upcoming earnings whether the price will go up or down. I know it’s “going to go up or down” and all the other typical sayings but due to the July 19 incident, I’m wondering if the price already adjusted. My personal prediction is that it’ll go down, but I have a wonderful habit of being wrong.
CRWD
byu/Pmhdrummer inoptions
Posted by Pmhdrummer
5 Comments
The stock did not fall as much as I was expecting, I guess they did reacted fast considering their size and this incident kind of put them in a huge spotlight showcasing their extension.
My bet is earnings are gonna be just fine, the main problem and the reason why I would not do any positions on this company is simply cause their whole business model is a software that has RING 0 access in Operational System (SO); Due this incident Microsoft is going to hold a CyberSecurity summit to discuss if they are going to allow this from now onwards or no. If the outcome is No, bye bye CRWD.
Nobody knows how CRWD will react on earnings. It is a crap shoot.
That said, I believe there is high likelihood forward guidance will come down. It seems logical new business for CrowdStrike took a hit in the wake of the incident, even if existing customers are standing pat for now.
I do not play earnings, but if I had a gun to my head, I’d sell calls.
Options pricing tells you what the market as a whole thinks. The expected move for August 30 is between 242 and 292. That implies that nobody’s sure what will happen.
If you care what other people think ….. trading is not for you.
I don’t think we have seen the last Crwd glitch.