CrowdStrike(CRWD)
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CrowdStrike faces major brand damage from global outage but analysts remain bullish on long-term potential
Proactiveinvestors NA· 2024-07-19 13:46
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...
CRWD Stock Plunges as CrowdStrike Triggers Massive Global Outage. What to Know.
Investor Place· 2024-07-19 13:34
CRWD stock traded for under $300 per share before the market opened this morning. Although its market capitalization fell to $73 billion, the stock has remained up about 17% for 2024. Microsoft (NASDAQ:MSFT) stock was down 1.45%, losing over $50 billion in market cap overnight. A Bug and Not a Hack That these global problems were caused by a failed software update may be the most shocking part of the story. Major news services like CNN were offering the kind of live updates usually reserved for natural disa ...
Why Is the Internet Down Around the World? 7 Things to Know About the CrowdStrike Outage.
Investor Place· 2024-07-19 13:32
Sections of the internet are down around the world on Friday as users experience troubles caused by the ongoing CrowdStrike (NASDAQ:CRWD) outage today! Internet Down: CrowdStrike Outage Details The CrowdStrike outage keeping the internet down today has also affected several of its cybersecurity rivals. More CrowdStrike Outage News for Friday Let's get into everything users and investors need to know about the CrowdStrike outage and why it has the internet down on Friday below! The outage started after Crowd ...
CrowdStrike Plunges, Rivals Jump, as Update 'Defect' Causes Microsoft Outage
Investopedia· 2024-07-19 13:11
KEY TAKEAWAYS CrowdStrike (CRWD) shares plunged 12% in premarket trading Friday, while those of its rivals surged, after the cybersecurity firm said an update "defect" caused a worldwide outage in Microsoft's (MSFT) cloud services. "CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. Mac and Linux hosts are not impacted," Kurtz said in a post on X. "This is not a security incident or cyberattack. The issue has been identified, isolated and ...
U.S. stock exchanges say markets are operating normally, not impacted by CrowdStrike outage
CNBC· 2024-07-19 13:07
Officials at both the New York Stock Exchange and the Nasdaq said they are up and running Friday, despite the CrowdStrike problems that have hit everything from airlines to banks to a slew of other businesses around the world. Similarly, the Nasdaq, which is the favorite trading spot for high-flying tech stocks, said it has managed to make it through the issues caused by an update that CrowdStrike, a global cybersecurity firm, implemented. The news, though, wasn't as good for CrowdStrike itself: Its shares ...
CrowdStrike Stock Falls Post Outage But There Are Still Reasons To Buy
Forbes· 2024-07-19 13:01
Shares of Austin, Texas-based cybersecurity giant CrowdStrike fell 13% in pre-market trading on July 19 after suffering "a major outage affecting businesses globally," reported CNBC. "Some users may still be unable to access certain Microsoft 365 apps and services, including Teams video conferencing," added the Times. CrowdStrike's CEO emphasized that the incident was not a cyberattack. "We are actively working with customers impacted by a defect found in a single content update for Windows hosts," CrowdStr ...
How a software update caused one of the world's biggest IT blackouts
CNBC· 2024-07-19 12:21
In this article Patrick T. Fallon | Bloomberg | Getty Images At the heart of the issue is Texas-based cybersecurity vendor CrowdStrike. On Friday, the cybersecurity firm experienced a major disruption following an issue with a software update. CrowdStrike is a cybersecurity vendor that develops software to help companies detect and block hacks. It is used by many of the world's Fortune 500 companies, including major global banks, healthcare and energy companies. This differs from alternative approaches used ...
Crowdstrike says the global IT outage was not caused by a cyberattack
Business Insider· 2024-07-19 11:38
Bull Insider Today Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Email address Bull Crowdstrike, the firm linked to the major global IT outage, has ruled out a cyberattack. He said the company was "actively working with customers impacted by a defect found in a single content update for Windows hosts. Mac and Linux hosts are not impacted." Kurtz said the issue had been "identified, isolated, and a fix has been ...
Wall Street Set To End Week On Subdued Note As CrowdStrike, Microsoft Drop Amid Global Outage: Analyst Sees 10% Upside Potential For S&P 500 Over Next 12 Months
Benzinga· 2024-07-19 11:21
New York Fed President John Williams will speak at 10:40 a.m. EDT followed by Atlanta Fed President Raphael Bostic at 1 p.m. EDT. See Also: How to Trade Futures Stocks In Focus: Netflix fell 1.25% in premarket trading following the streaming giant's quarterly earnings announcement, while Intuitive Surgical, Inc. ISRG climbed over 6.5% on earnings. American Express Company AXP, Halliburton Company HAL, Schlumberger Limited SLB and Travelers Companies, Inc. TRV are among the key companies due to release their ...
CrowdStrike stock plummets 15%; Here's why
Finbold· 2024-07-19 10:54
Following a negative trading day caused by the broader tech sector downturn, CRWD stock dropped 3.35% and closed the latest trading session at $343.05, with losses extending in pre-market. CRWD stock 24-hour price chart. Source: Google Finance A global outage has disrupted businesses worldwide, affecting banks, airlines, train companies, and supermarkets. Ryanair warned of potential disruptions across Europe, and Edinburgh Airport switched to manual boarding pass checks due to the outage. The London Stock E ...