Jim Cramer Urges “Own CrowdStrike (CRWD), Don’t Trade It”

We recently published a list of Jim Cramer’s Game Plan: 9 Stocks in Focus. In this article, we are going to take a look at where CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stands against other stocks that Jim Cramer discusses.

Explaining why he is “sticking” with CrowdStrike Holdings, Inc. (NASDAQ:CRWD), Cramer stated:

“On Tuesday night, to back up, we hear from CrowdStrike and we know there’ll be plenty of nervousness here because we’ve had three cybersecurity plays in a row with poorly received quarters, Palo Alto Networks, Okta, and SentinelOne. Meanwhile, there’s only one winner, Zscaler… but what a winner that is.

CrowdStrike struck out in the last quarter, and we told investing club members that it was a buying opportunity. Now, the stock’s trading above where it was when that last quarter was reported. I fear that it would be difficult to meet expectations. I’m sticking with it, though. Why? Because we’re about to analyze the big glitch. Remember that one? The CrowdStrike clerical error shut down an awful lot of terminals worldwide… and then it made a stunning recovery. If it could survive that massive outage, you know what I say, just own CrowdStrike, don’t trade it.”

Security personnel at their consoles, monitoring a global network of threats in real-time.

CrowdStrike (NASDAQ:CRWD) provides cybersecurity solutions through a cloud-based subscription model, covering endpoint and cloud security, identity protection, threat detection, data security, and AI-driven automation across IT and security operations.

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