BofA incrementally positive on CrowdStrike after meeting with CFO

BofA met with CrowdStrike (CRWD) CFO Burt Podbere and Chief Accounting Officer Anurag Saha and came away from the meetings “incrementally positive” on company’s ability to emerge even stronger post the July outage impact after discussing the strategic and financial steps the company has taken post-outage, the analyst tells investors. Management is expecting nnARR to inflect in the back half of the year, notes the analyst, who believes the noise around lasting impacts from the outage should fully dissipate by the second half. The firm maintains a Buy rating and $420 price target on CrowdStrike shares.