Jim Cramer Defends CrowdStrike. Says the Company Just Posted “An Extraordinary Number” on Its Most Key Metric.

Jim Cramer defended CrowdStrike after its post-earnings selloff, citing net new annual recurring revenue that came in well above expectations. The comment is supportive of the stock’s fundamentals, but it is commentary rather than new company-reported results. Market impact is likely limited, though it may help sentiment around the name.

Analysis

Jim Cramer defended CrowdStrike after its post-earnings selloff, citing net new annual recurring revenue that came in well above expectations. The comment is supportive of the stock’s fundamentals, but it is commentary rather than new company-reported results. Market impact is likely limited, though it may help sentiment around the name.