Jim Cramer on CrowdStrike (CRWD): “I Think the Second Half of the Year is Going to Be Really Good”

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) was among the stocks on Jim Cramer’s radar on Mad Money, as he advised investors to care about where a stock is going, not where it has been. When a caller mentioned that the “Mythos scare” is likely to “come into play” during Q2, Cramer said:

Actually, no, it came into play in Q1 of this year, and no, it’s really not brought in instant business. These are long-cycle sales that George Kurtz has to do. But that said, I think the second half of the year is going to be really good just because of what you talked about.

Photo by Nicholas Cappello on Unsplash

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-based cybersecurity solutions. The company offers protection for endpoints, cloud systems, identities, and data. During the June 4 episode, Cramer discussed the company following its “excellent quarter.” He remarked:

Last night, CrowdStrike reported what I thought was an excellent quarter, but the stock got hammered today mainly because the cybersecurity company didn’t beat the estimates by as much as we’ve all become accustomed to. The guidance was strong, too, and they even announced a 4-for-1 stock split, which shouldn’t matter in theory, but in practice, tends to attract more individual investors. And I think this is a buying opportunity.

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