Why CrowdStrike Stock Soared Today

CrowdStrike (CRWD 5.56%) shares gained ground in Thursday’s trading. The cybersecurity specialist’s share price ended the day trading up 5.1% and rose as much as 5.4% earlier in the daily session.

CrowdStrike shares rose today thanks to bullish coverage published by RBC Capital. The company’s share price may also get a boost from recent earnings results released by Delta Air Lines.

CrowdStrike is one of RBC’s best software bets for the coming year

RBC Capital published a report today that named CrowdStrike as one of its top software investment ideas for 2025. The investment firm said it believes the cybersecurity provider will be able to bounce back from the challenges created by a massive disruption to services that close the global information technology. (IT) in July.

RBC analysts believe that the near-term headwinds created by the IT disruption remain overblown and that the company is likely to outperform in 2025 and 2026 due to low expectations. The firm believes CrowdStrike has a viable path to $10 billion in annual recurring revenue, and that tailwinds from generative artificial intelligence (AI) may be broadly understated.

Delta Air Line’s third quarter report may be a bullish indicator for CrowdStrike

CrowdStrike stock may also have gotten a boost from Delta Air Line’s recent quarterly report and commentary. Delta was one of the biggest affected parties, with the airline dealing with widespread flight cancellations and other issues in the week following the IT collapse.

With non-GAAP (adjusted) earnings per share of $1.50 on revenue of $14.59 billion in the third quarter, Delta’s Q3 performance fell short of the average analyst earnings target by $0.05 and by $700 million in average sales target. The company also said the estimated negative impact of the IT outage connected to CrowdStrike software was about $380 million in the quarter, while Delta’s sales and earnings performance were below market expectations.

Delta’s CEO said trying to recover the damage from CrowdStrike was still on the table, but the negative impact of the July outage appears to have fallen below the levels many had anticipated. While it’s still too early to say the company is on the road to a full recovery, CrowdStrike appears to be emerging from the setbacks of this year’s system collapse.