Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving securities and investment fraud, our lawyers focus on cases alleging violations of the federal antitrust laws, breaches of ERISA fiduciary duties, wage theft, consumer fraud, and data breaches. Contact information: Marc H. Edelson, Esq. Eric Lechtzin, Esq. EDELSON LECHTZIN LLP 411 S. State Street, Suite N-300 Newtown, PA 18940 Phone: 844-696-7492 Email: medelson@edelson-law.co ...

Understanding the fundamentals of companies is crucial when evaluating stocks to buy. These stocks remain undervalued and are industry leaders with strong growth potential, positioning them to significantly drive the market higher post-earnings season. To begin with, the first company excels in cybersecurity with an AI-driven, modular platform that offers significant cost savings and rapid threat detection. This solid technological differentiation ensures its market leadership and makes it a sharp investmen ...

How much is its mistake going to cost before all is said and done? Who is going to pay Delta's bill? According to CNBC, Delta just hired prominent attorney David Boies, which suggests that it may be considering a lawsuit against CrowdStrike. The cost of the outage for Delta alone is estimated to be up to $500 million. There are legitimate reasons for investors to be concerned about future growth for CrowdStrike. While business has been booming, the company may have suffered some reputational damage because ...

CrowdStrike is a Texas-based cybersecurity company that develops software to help other companies recognize and block hacks. CrowdStrike's Falcon software is widely used by Fortune 500 companies in industries ranging from banking to the airline industry. Many of these companies have CrowdStrike software installed on their Windows machines to protect the organization from malware and cybersecurity threats. Delta (DAL) Delta took a huge hit by the outage because nearly half of its IT systems are Windows-based ...

KEY TAKEAWAYS CrowdStrike shares are falling following a CNBC report that Delta Air Lines has hired top attorney David Boies to pursue potential damages from the cybersecurity firm as well as Microsoft following the global IT outage on July 19. Boies, chairman of Boies Schiller Flexner, represented the U.S. government in its antitrust case against Microsoft and helped secure same-sex marriage rights in California. Delta was the most heavily impacted of the major airlines from the outage that led to thousand ...

Until we have that information, everyone is just guessing about CrowdStrike's stock. However, I'm fairly confident CrowdStrike will stay strong throughout this adversity and remain one of the best cybersecurity investments on the market. CrowdStrike already released its indictment review report and has vowed to make changes, so this does not happen again. Whether the market regains confidence in the company or not remains to be seen, but CrowdStrike cannot afford another outage like this. CrowdStrike's stoc ...

Pretty soon, investors may cease to give Zoom the benefit of the doubt when it comes to a potential growth resurgence. If the market ends up convinced that Zoom is a "tech dinosaur," ZM could sink to a valuation on par with other low-growth "dinosaurs" like Xerox Holdings (NASDAQ:XRX). XRX trades at a valuation nearly half that of Zoom's current forward multiple. Following a recent, widely-reported cloud computing outage incident, you may be wondering what cloud stocks to sell. Besides the company in questi ...

The market doesn't trust CrowdStrike (NASDAQ:CRWD) anymore. Following its software patch that caused IT systems worldwide to meltdown, the cybersecurity stock lost all of the gains it made in 2024. Yet it also creates a wedge its rivals could use to steal customers and market share from the industry leader. According to 6Sense, CrowdStrike is the top cybersecurity firm with a near 24% share followed by privately held McAfee at 21%. Source: Tada Images / Shutterstock.com The Rule of 58 means SentinelOne's FC ...

No matter how sophisticated technology becomes, vulnerabilities can still lead to significant damage and global outages. This was the case in recent days when a faulty CrowdStrike update caused havoc for Windows computers, laptops, and countless other devices, with significant implications for insurance stocks. Markel's emphasis on offering insurance options for more unconventional risk means that the stock can perform well in all economic climates and boasts a unique selling point (USP) that will gain extr ...

The final amount might be considerably higher, with an estimate of overall damages reaching $1.5 billion for the insurers. CRWD stock 24-hour price chart. Source: Finbold The Atlanta-based airline has been the slowest among major U.S. carriers to recover, with over 2,200 flight cancellations on July 19 and over 6,000 cancellations. Analysts estimate the financial impact could be somewhere between $350 to $500 million for Delta. However, the news of the lawsuit has prompted losses of 4.72% in pre-market trad ...