mesh cube/iStock via Getty Images Data by YCharts Shares of CrowdStrike have soared in the last year on generally improving sentiment towards cybersecurity/software/Cloud businesses and strong growth at the cybersecurity firm. In my last work on CrowdStrike, I argued that the cybersecurity was trading at a rich valuation multiplier -- Priced For Perfection -- which resulted in a hold rating. However, shares continued to surge, and are currently up 64% since my hold recommendation. I believe the most recent ...

CrowdStrike Holdings (NASDAQ:CRWD) stock was cratering after being discovered responsible for a disastrous technology outage that grounded flights and disrupted financial systems around the world. On the day of the outage, CrowdStrike stock fell nearly 10%. That worsened a pullback that was already underway as investors rotate out of technology securities and into small-caps. Analysts were already raising concerns about CRWD stock's sky-high valuation. The stock is nearly 20% lower in the last five days It' ...

CrowdStrike now serves 298 of the Fortune 500 companies and 538 of the Fortune 1000 companies. However, that widespread adoption explains why CrowdStrike's flawed update caused so much damage in such a short time. How fast was CrowdStrike growing? Over the past year, as macro headwinds forced many companies to rein in their spending, CrowdStrike's growth in both ending annual recurring revenue (ARR) and total revenue decelerated. But its net new ARR growth rose by double-digit percentages year over year aga ...

CrowdStrike Holdings (CRWD -11.10%) made headlines around the world on Friday -- but not for a reason the company or its shareholders were happy about. A faulty software update by the cybersecurity specialist led to an IT outage that impacted customers around the world, from airlines to banks to hospitals, causing business for many of them to screech to a halt. First, let's take a quick look at CrowdStrike's business and at exactly what happened over the past few days. CrowdStrike stands out in the world of ...

Fool.com contributor Parkev Tatevosian reviews the developments and what they could mean for CrowdStrike (CRWD -11.10%) stock investors. *Stock prices used were the afternoon prices of July 18, 2024. The video was published on July 20, 2024. The outage was considered the largest of its kind in history. ...

In this article watch now And because CrowdStrike has such a broad base of customers, it was the content update felt around the world. The blue screen of death errors on computer screens are viewed due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Ankara, Turkey. "We think three to five days before things are resolved," said Eric O'Neill, a former FBI counterterrorism and counterintelligence operative ...

CRWD The frequency of large-scale attacks on corporate enterprise IT is increasing. That's not unusual or unexpected as companies spend heavily on cyber defense in an asymmetric war against hackers who can string together a few lines of code and wreak havoc. Earlier this year, AT&T had a nationwide outage attributed to a technical update. Last year, the FAA had an outage that occurred after a single individual replaced a critical file in a route update (now that FAA has a backup system to prevent that from ...

On July 19, a global technology outage caused by an update from cybersecurity firm CrowdStrike (NASDAQ: CRWD) resulted in significant disruptions worldwide. The malfunction in CrowdStrike's Falcon Sensor software led to grounded flights, disrupted health services, crashed payment systems, and blocked access to Microsoft (NASDAQ: MSFT) services, marking one of the largest IT failures in history. As a result, CrowdStrike's shares plummeted 12% in afternoon trading, while those of its competitors saw gains. Th ...

Nathan Howard/Getty Images News What a day for CrowdStrike Holdings (NASDAQ:CRWD) investors as the market digests what was said to be the most significant global IT outage in recent times. Investors unfamiliar with the cybersecurity space may not have heard about CrowdStrike before. As CEO George Kurtz apologized after July 19's global faux pas, the cybersecurity leader likely became a household name worldwide for the wrong reasons. CrowdStrike: Consolidation Strategy Likely Affected Yesterday's outage has ...

The outage has disrupted services and impacted numerous clients worldwide, including the health and air transport sectors. This sale was executed under a prearranged 10b5-1 trading plan Henry established on December 20, 2023. Despite this significant divestment, Henry retains a notable stake in the company, holding 183,091 shares posttransaction. Chief Security Officer stock sale filing: Source: SEC CrowdStrike's Questions about the stock sale Overall, the timing of Henry's sale, which was so close to the o ...