CrowdStrike Holdings, Inc. CRWD will announce its second quarter fiscal year 2024 results on August 28 after market close.

The details: Analysts estimate earnings per share at 97 cents and sales at $957.649 million.

What else: The company is also facing legal action from Delta Air Lines DAL It claims that the incident caused the company to lose $380 million in revenue and suffer other damages.

“A business interruption of this length and magnitude is unacceptable, and our customers and employees deserve better,” said Ed BastianCEO of Delta.

“We are pursuing legal action against CrowdStrike and Microsoft to recover damages resulting from the outage, which amount to at least $500 million.”

CrowdStrike’s legal representative stated that the company’s CEO, George Kurtzcontacted Bastian directly and offered help, but received no response.

Changes in analysts: Several analysts have recently announced adjustments to their price targets.

• Analyst at Morgan Stanley Hamza Fodderwala maintained its Overweight rating for CrowdStrike and lowered its price target from $360 to $325.
• Goldman Sachs analyst Gabriela Borges maintained its buy rating for CrowdStrike and lowered the price target from $400 to $295.
• Analyst at BMO Capital Keith Bachman maintained an “Outperform” rating for CrowdStrike and lowered the price target from $410 to $290.
• Bernstein Analyst Peter Weed maintained an “Outperform” rating for CrowdStrike and lowered the price target from $381 to $315.

How to buy CrowdStrike shares

In addition to acquiring a stock—or a portion of a stock—through a brokerage platform, you can also purchase an exchange-traded fund (ETF) that holds the stock itself, or by pursuing a strategy in your 401(k) plan that aims to acquire shares of a mutual fund or other instrument.

For example, at CrowdStrike Holdings CRWDIn this case, it is the information technology sector. An ETF will likely hold shares of many liquid and large companies that track this sector, allowing an investor to participate in the trends in this segment.

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CRWD price promotion: CrowdStrike shares rose 1.42% to $266.27 on Monday morning, according to data from Benzinga Pro.

Image: Photo via Shutterstock