The recent IT outage was a disaster, but not necessarily fatal to the company responsible. The last few weeks have easily been the worst in cybersecurity company CrowdStrike's (CRWD 0.16%) history. An software update caused problems across the globe. It grounded flights, sending airlines and travelers scrambling in jam-packed airports to find a fix and make it to their destinations. Hospitals were forced to cancel surgeries, public transit in some cities saw problems, and some financial institutions had onl ...

CrowdStrike isn't out of the woods just yet. The dust is finally starting to settle from CrowdStrike's (CRWD 0.16%) massive global IT outage. Now it's time to assess the damage to CrowdStrike's stock, reputation, and prospects. In short, the company is in a nasty pickle. Its stock fell more than 40% following the outage, and the company is already the target of at least one lawsuit. These are just some of the reasons CrowdStrike may struggle to regain its former status as a growth stock darling. Here's what ...

Just a few weeks after its software update triggered a global IT meltdown, CrowdStrike isn't shying away from the spotlight. In fact, the company's president Michael Sentonas even took the stage at the Pwnie Awards to accept the award for Most Epic Fail. The awards took place at Def Con, right after the Black Hat conference where CrowdStrike had one of the biggest booths, giving out free T-shirts and action figures. A spokesperson told TechCrunch that the company's message to attendees was one of "gratitude ...

SAN DIEGO, Aug. 11, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of CrowdStrike Holdings, Inc. (NASDAQ: CRWD) Class A common stock between November 29, 2023 and July 29, 2024, inclusive (the "Class Period"), have until September 30, 2024 to seek appointment as lead plaintiff of the CrowdStrike class action lawsuit. Captioned Plymouth County Retirement Association v. CrowdStrike Holdings, Inc., No. 24-cv-00857 (W.D. Tex.), the CrowdStrike class action lawsu ...

Investors shouldn't assume the cybersecurity stock has bottomed out. CrowdStrike (CRWD 0.16%) has been in the news for all the wrong reasons of late. Last month, the cybersecurity company released an update that led to massive outages affecting companies all over the world. What started off as a strong year for the company has quickly turned into a disastrous one. Prior to the outage, shares of CrowdStrike were up more than 50% year to date. Now, they're down 5%. Despite the recent sell-off, investors shoul ...

RADNOR, Pa., Aug. 10, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Western District of Texas against CrowdStrike Holdings, Inc. ("CrowdStrike") (NASDAQ: CRWD) on behalf of investors who purchased or otherwise acquired CrowdStrike Class A common stock between November 29, 2023 and July 29, 2024, inclusive (the "Class Period"). The lead plaintiff dea ...

Core Viewpoint - CrowdStrike's stock has experienced a significant decline following an IT outage, raising questions about the timing for potential investment opportunities [1][3]. Company Overview - CrowdStrike is a leader in the cybersecurity market, providing software that protects network endpoints from breaches. The recent outage was caused by a poorly tested automatic update, affecting millions of devices [2][3]. - Approximately 1% of all Windows devices were impacted by the outage, which may not be a major concern for customers at the time of contract renewal [4]. Financial Performance - Following the outage, CrowdStrike's stock has dropped around 30%, erasing all gains made in 2024. This decline is partly attributed to broader weakness in the tech sector [3]. - The stock is currently trading at about 17 times sales, down from 29 times sales prior to the incident. However, this valuation is still considered high [6][7]. Customer Retention and Product Integration - CrowdStrike's platform, the Falcon platform, consists of nearly 30 modules, with 65% of customers utilizing at least five modules. This high level of integration makes it challenging for clients to switch to other providers [5]. - It is likely that some customers have canceled their subscriptions, but the exact number remains unknown. Many clients are bound by multiyear contracts, which may influence their decision to remain with CrowdStrike [3][5]. Future Outlook - The upcoming quarterly conference call on August 28 will be crucial for understanding the impact of the outage on CrowdStrike's business and may provide insights into future guidance [8].

da-kuk After being the cause of one of the biggest computer outages in recent years which also impacted airline companies worldwide, CrowdStrike Holdings' (NASDAQ:NASDAQ:CRWD) has dropped abruptly as charted below, and was trading around $240 at the time of writing. However, the stock is still up by more than 80% after my March 2023 thesis when I Itad emphasized its pioncering status in endpoint security delivered through the cloud but had a hold position due to economic uncertainty. VAL 240.78 CrowdStrike ...

- ATTER = H n 1 III F F 10 F I FIND DO 100 1 li I t 1 Sundry Photography Intro & Thesis Almost every investor has thought about initiating a position in CrowdStrike (NASDAQ:CRWD) because the stock has gotten hammered for the past three weeks as a result of the IT outage. Despite the +35% drop in the price, I rate the stock a HOLD because I believe now isn't the right time to initiate a position given the uncertainty surrounding the company. Two very important questions kept coming up as I researched CRWD: C ...

- ATTER = H n 1 III F F 10 F I FIND DO 100 1 li I t 1 Sundry Photography My thesis CrowdStrike (NASDAQ:CRWD) is one of the largest public U.S. cybersecurity companies with above $50 billion market cap. The company's market cap was even higher and much closer to a $100 billion milestone just a month ago, before the global outage of Microsoft's (MSFT) services occurred in July due to the company's Falcon platform's update. Data by YCharts The stock saw a significant sell-off after the outage because it is dif ...