CrowdStrike still a cybersecurity leader post-outage: Analyst

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CrowdStrike (CRWD) released its first earnings report since its global tech outage in July, with the cybersecurity firm surpassing second quarter expectations on both revenue and profit. The company saw a 32% jump in revenue year-over-year during the quarter. However, the cybersecurity company lowered its full-year outlook in response to the disruption.

KeyBanc Capital Markets equity research analyst Eric Heath joins to discuss the stock's outlook coming off of its latest earnings

Heath describes the outage's impact on CrowdStrike as "a short-term blip." He emphasizes that the long-term opportunity for the company remains "unchanged," noting that investors appreciate "the corrective action" the company is taking to prevent similar incidents in the future. He points out that growth has continued at the company even after the incident.

"CrowdStrike still is the leading cybersecurity vendor when it comes to preventing breaches. So we think that's going to be unchanged," Heath told Yahoo Finance. He adds, "We still think customers are going to continue to hold CrowdStrike in very high regard when it comes to making sure that they are preventing breaches and they are providing the best cybersecurity."

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This post was written by Angel Smith