CrowdStrike Holdings, Inc. ( CRWD ) shares are moving higher on Wednesday. The company is anticipated to release quarterly fiscal earnings on August 28.

The Details: CrowdStrike ( CRWD ) will report earnings for the 2024 fiscal year second quarter which analysts estimate EPS of 98 cents and revenue of $958.69 million.

What Else: The company continues to face legal action following following CrowdStrike’s outage on July 19. Delta Air Lines claims that the outage caused at least $500 million in damages.

CrowdStrike ( CRWD ) responded to Delta’s claims stating that its CEO, George Kurtz, reached out to Delta’s CEO Ed Bastian to offer assistance but received no response.

Analyst Changes: Recently, multiple analysts have issued price target adjustments.

Scotiabank analyst Patrick Colville maintained CrowdStrike ( CRWD ) with a Sector Perform and lowered the price target from $300 to $265.

DA Davidson analyst Rudy Kessinger maintained CrowdStrike ( CRWD ) with a Buy and lowered the price target from $380 to $290.

Wedbush analyst Taz Koujalgi reiterated CrowdStrike ( CRWD ) with a Outperform and maintained $315 price target.

Stifel analyst Adam Borg maintained CrowdStrike ( CRWD ) with a Buy and lowered the price target from $400 to $300.

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CRWD Price Action: At the time of publication, CrowdStrike ( CRWD ) shares are moving 3.38% higher at $256.50 per data from Benzinga Pro.

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