CrowdStrike is defying Wall Street negativity on software, says Cramer. What he expects from earnings

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.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer's week ahead: Earnings from Disney, Uber and Warner Bros. DiscoveryCNBC's Jim Cramer on Friday guided investors through an earnings-packed week on Wall Street.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer's week ahead: Earnings from Disney, Uber and Warner Bros. DiscoveryCNBC’s Jim Cramer on Friday guided investors through an earnings-packed week on Wall Street.
Source: nbcchicago - 🏆 545. / 51 Read more »

Main Street or Wall Street: Who Has the Correct Market Prespective?Stocks Analysis by Jeffrey Roach covering: S&P 500, Target Corporation. Read Jeffrey Roach's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »