Was Jim Cramer Right About CrowdStrike Holdings, Inc. (CRWD)?

We recently published a list of Jim Cramer Nailed These 11 Stock Predictions. 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.

Back in 2024, on May 16, Mad Money’s Jim Cramer doubled down on his long-time bullish stance on CrowdStrike Holdings, Inc. (NASDAQ:CRWD), citing both strong fundamentals and a bullish technical setup identified by chartist Dan Fitzpatrick, who saw the cybersecurity leader entering a new leg higher.

“Of course it doesn’t hurt that it is a company with unbelievably strong execution, and I’ve got to tell you, the stunning numbers we have seen from it in the last quarter just tell me — look out to the upside. […] The bottom line? The charts, interpreted by Dan Fitzpatrick, suggest that CrowdStrike’s next leg higher is just getting started — and he’s betting the stock’s got a lot more room to run in this new market. I think he’s probably right. And as far as the fundamentals? Wow — this just delivers, delivers, and delivers.”

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

CrowdStrike continued to deliver for investors, with a 29.55% gain reinforcing Cramer’s long-held bullish view. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is riding the cybersecurity megatrend with consistent earnings beats and strong momentum in enterprise adoption.

Cramer maintains the opinion that Crowdstrike is a terrific stock. Here’s what he said following the company’s earnings in May:

“I think for the long term it’s terrific. We had to take some profits out of it too because it just got too big, but I think George Kurts is delivering an amazing product and I think he’s got a lot to say. He’s giving a speech tonight. I think Crowdstrike is terrific.”

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