CrowdStrike Holdings, Inc. (CRWD): Doubt Its CEO At “Your Own Peril,” Warns Jim Cramer

We recently published Jim Cramer Just Couldn’t Stop Talking About These 13 Stocks. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the stocks Jim Cramer recently discussed.

CrowdStrike Holdings, Inc. (CRWD): Doubt Its CEO At "Your Own Peril," Warns Jim Cramer

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Cybersecurity firm CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s shares have gained 21.7% year-to-date amidst overall bullish sentiment for the cybersecurity market. This market has weathered the storm that has otherwise hit enterprise software stocks due to AI. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and other cybersecurity stocks have benefited as the demand for their services grows in an increasingly digital world, and particularly due to AI’s excessive computing requirements. However, the shares dipped by 4% after CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s earnings report. Here is what Cramer said about the firm:

“Okay so look, I’ve got George Kurtz on today, tonight, and he’s talking about 40% growth in ARR, annualized revenue, that’s the number you need. He has billing, now remember last year July was the time [of the outage] well then he went and offered all these deals and now they’re rolling over and people are signing but they haven’t rolled them all over, and when they do you’re going to have amazing growth. This stock was at 388 last night, as the bozos and morons were hitting the bids. And I was having a big laugh!

“You doubt George Kurtz at your own peril. Okay.”

While we acknowledge the risk and potential of CRWD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRWD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.