Jim Cramer Highlights CrowdStrike’s Earnings the Following Market Reaction

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the stocks that Jim Cramer discussed. Cramer discussed his post-earnings sentiment and the market’s reaction to the stock during the episode. He commented:

“The market often gets things wrong during earnings season, but sometimes it self-corrects pretty quickly. Take CrowdStrike, the cybersecurity play that we own for the Charitable Trust. Last night, CrowdStrike reported what I thought was a very good set of numbers. Aside from a slightly soft revenue outlook for the current quarter, everything else was just terrific. Yet the stock plunged in after-hours trading to the point where we told members of the CNBC Investing Club, buy, didn’t even wait, just buy. Sure enough, after opening down hard this morning, CrowdStrike came roaring back, finishing the session up more than 4%. It was the fifth best performer in the entire S&P.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) delivers cloud-based cybersecurity solutions, protecting endpoints, cloud workloads, identities, and data. The company provides threat intelligence, vulnerability management, AI-driven automation, and advanced security operations.

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.