RADNOR, Pa., Aug. 10, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP ( www.ktmc.com ) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Western District of Texas against CrowdStrike Holdings, Inc. (“CrowdStrike”) ( NASDAQ: CRWD ) on behalf of investors who purchased or otherwise acquired CrowdStrike Class A common stock between November 29, 2023 and July 29, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is September 30, 2024.

CrowdStrike's stock plummeted after it caused millions of devices to crash. Investors have no clue how this is affecting CrowdStrike's business.

CrowdStrike Holdings' stock dropped last month after a major computer outage was triggered by its security update causing Windows devices to malfunction. While the product itself is not to blame, the security update process needs to be reviewed and it is likely for the company to sustain damages and be volatile. After accounting for a potential $1 billion free cash flow impact, I have a bullish position using a DCF model to value the stock.

CrowdStrike's stock price is down by roughly 35% over the past three weeks as a result of the IT outage. Even at a price level of $220 per share CRWD is still not attractive when you factor in potential lawsuits and client losses. Even with a 20% free cash flow CAGR my DCF yield an implied share price of $197, which represents a 7% for the current price.

The recent Microsoft outage, triggered by updates in CrowdStrike's software, was a major black swan event for CRWD investors, causing the stock to crash by nearly 40%. There are compelling reasons to believe that this outage was a once-in-a-century event, making it extremely unlikely to occur again. If we assume the outage won't happen again, CrowdStrike becomes a no-brainer investment, now very attractively valued after the post-outage selloff.

NEW ORLEANS , Aug. 9, 2024 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until September 30, 2024 to file lead plaintiff applications in a securities class action lawsuit against CrowdStrike Holdings, Inc. (the "Company") (NasdaqGS: CRWD), if they purchased the Company's Class A shares between November 29, 2023 and July 29, 2024, inclusive (the "Class Period").  This action is pending in the United States District Court for the Western District of Texas.

LOS ANGELES, CA / ACCESSWIRE / August 9, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against CrowdStrike Holdings, Inc. ("CrowdStrike" or "the Company") (NASDAQ:CRWD) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between November 29, 2023 and July 29, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before September 30, 2024.

NEW YORK , Aug. 9, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces to investors that a shareholder filed a class action on behalf of purchasers of Class A common stock of CrowdStrike Holdings, Inc. (NASDAQ: CRWD) between November 29, 2023 and July 29, 2024. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by September 30, 2024.

NEW YORK, NY / ACCESSWIRE / August 9, 2024 / If you suffered a loss on your CrowdStrike Holdings, Inc. (NASDAQ:CRWD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/crowdstrike-lawsuit-submission-form?prid=94893&wire=1 or contact Joseph E. Levi, Esq.

It will be difficult for Delta Air Lines Inc (NYSE:DAL) to prove that CrowdStrike Holdings Inc (NASDAQ:CRWD)'s conduct related to the recent global IT outage amounted to “gross negligence” or “wilful misconduct,” analysts at Wedbush believe. The US airline claims it suffered $500 million in losses as the result of the outage last month, which forced Delta to cancel thousands of flights.

NEW YORK, NY / ACCESSWIRE / August 9, 2024 / If you suffered a loss on your CrowdStrike Holdings, Inc. (NASDAQ:CRWD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/crowdstrike-lawsuit-submission-form?prid=94828&wire=1 or contact Joseph E. Levi, Esq.

SAN FRANCISCO, CA / ACCESSWIRE / August 9, 2024 / Hagens Berman urges CrowdStrike Holdings, Inc. (NASDAQ:CRWD) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys.