TLDR:
- CrowdStrike stock jumped 5.1% due to positive analyst coverage from RBC Capital
- RBC named CrowdStrike as a top software pick for 2025, citing potential recovery from July IT outage
- Delta Air Lines Q3 results showed less impact from CrowdStrike outage than feared
- CrowdStrike stock has outperformed the market recently, up 18.27% in the past month
- Delta CEO cited CrowdStrike outage as cause of $380 million revenue hit in Q3
CrowdStrike (NASDAQ: CRWD) saw its stock price jump 5.1% on Thursday, reaching $314.92 per share. The cybersecurity company’s shares got a boost after RBC Capital named it one of their top software investment picks for 2025.
In a new report, RBC analysts expressed confidence that CrowdStrike can bounce back from headwinds related to a major IT outage in July that impacted many of its customers.
The firm believes the short-term challenges from the incident are overblown, and CrowdStrike has potential to outperform expectations in 2025 and 2026.
RBC cited CrowdStrike’s path to reaching $10 billion in annual recurring revenue as a positive factor. The analysts also noted that benefits from generative AI technology may be underestimated for the company.
The stock movement comes as CrowdStrike works to recover from the fallout of July’s widespread service disruption. The outage caused significant issues for major customers like Delta Air Lines, which faced flight cancellations and other problems.

In its Q3 earnings report released this week, Delta provided more clarity on the financial impact of the incident. The airline said the outage resulted in an estimated $380 million hit to revenue for the quarter. However, this was less severe than some analysts had feared.
Delta CEO Ed Bastian stated that pursuing damages from CrowdStrike remains an option, but the overall impact appears to have been lower than initially anticipated. This may have contributed to investors’ renewed optimism around CrowdStrike stock.
The cybersecurity firm has shown resilience in recent weeks, with its share price climbing 18.27% over the past month. This has outpaced both the broader tech sector and S&P 500 index.
Looking ahead, analysts will be closely watching CrowdStrike’s upcoming earnings report for signs of recovery. Current estimates project earnings per share of $0.83, which would represent a slight 1.22% increase year-over-year.
For the full fiscal year, Wall Street is forecasting earnings of $3.67 per share on revenue of $3.9 billion. If achieved, this would mark 18.77% earnings growth and 27.51% revenue growth compared to the previous year.
While CrowdStrike’s stock has rebounded, some analysts remain cautious. The company currently has a Zacks Rank of #4 (Sell), indicating some lingering concerns about near-term performance.
From a valuation perspective, CrowdStrike trades at a forward P/E ratio of 79.89, which is higher than the industry average of 31.5. This premium valuation suggests investors are pricing in expectations for strong future growth.
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