Jim Cramer’s Game Plan: 13 Stocks in Focus

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2. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 74

Cramer said that the time is nigh to buy CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and stated:

“After the close, we have some big tech names reporting, including some that we own for the Charitable Trust. CrowdStrike, Dell Technologies, Workday. I think we might see these go 3, 4, 3. CrowdStrike’s been on a charm offensive, that’s George Kurtz, ever since that summer glitch heard around the world. I believe that CEO Kurtz has a free pass to say how the company’s doing. So it might be a real good time to buy it ahead of the quarter, maybe pick some up this day.”

CrowdStrike (NASDAQ:CRWD) is a cybersecurity company recognized for its advanced Falcon platform, which offers a wide range of endpoint security solutions. In July, the company faced a significant IT outage due to a software glitch, causing disruption. The company swiftly addressed the issue. CEO George Kurtz mentioned during the last earnings call that while the outage delayed some contracts, most deals remain active in the sales pipeline.

CrowdStrike (NASDAQ:CRWD) is set to release its financial results for the third quarter of fiscal year 2025 on November 26. In late August, it projected that its revenue for the third quarter would fall between $979.2 million and $984.7 million, marking a year-over-year increase of approximately 25%.

The company’s outlook for the full fiscal year 2025 is equally optimistic, with a revenue forecast ranging between $3.89 billion and $3.90 billion, reflecting a growth rate of 27% to 28% from the previous year. Additionally, management reiterated the company’s commitment to its long-term ambition of reaching $10 billion in annual recurring revenue (ARR) by the end of fiscal year 2031.

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