CrowdStrike is the one software company that CrowdStrike 'seems to be immune' to Wall Street's negativity, Jim Cramer said.
CNBC's Jim Cramer said Wednesday he's expecting a strong quarter next week from cybersecurity firm CrowdStrike despite some weakness in other corners of the enterprise software market. Investor sentiment around software has become downbeat, but CrowdStrike is "one company that seems to be immune" to the negativity, Cramer said. In recent days, two Wall Street analysts issued upbeat notes on CrowdStrike.
mountain CRWD stock performance year-to-date. Earnings reports last week from Workday and Intuit added to the questions about the demand environment for enterprise software. Alongside its fiscal 2025 first quarter earnings report last week, Workday cut its full-year forecast for subscription revenue. The maker of HR and payroll software said one reason for the change is companies watching their headcount growth.
Regwall-Investingclub Stock Takes Jim Cramer Investment Strategy Markets Breaking News: Markets Investingclubsample Crowdstrike Holdings Inc Workday Inc Intuit Inc Palo Alto Networks Inc Software Breaking News: Technology Business News
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