Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Access your favorite topics in a personalized feed while you're on the go. Bull The carrier hired star attorney David Boies to seek damages from CrowdStrike and Microsoft for the July 19 computer outage that forced Delta to cancel about 6,000 flights, CNBC reported on Monday. The cybersecurity firm's terms and conditions say that CrowdStrike doesn't have to shell out anything more than a ...

Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over the global cyber outage earlier this month that disrupted flights around the world, CNBC reported Monday. "We are aware of the reporting, but have no knowledge of a lawsuit and have no further comment," a CrowdStrike spokesperson said. Delta has canceled more than 6,000 flights so far, leaving hundreds of thousands of travelers stranded. Analysts estimate that the impact on its bottom line could be in the hun ...

Delta has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations. CrowdStrike shares fell as much as 5% in extended trading on Monday after CNBC's Phil Lebeau reported on Delta's hiring of Boies, chairman of Boies Schiller Flexner. Microsoft was little changed. On July 19, a software update from CrowdStrike led to a historic outage of Microsoft systems, knockin ...

The investment community will be paying close attention to the earnings performance of CrowdStrike Holdings in its upcoming release. The company is forecasted to report an EPS of $0.99, showcasing a 33.78% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $959.84 million, up 31.19% from the prior-year quarter. Investors should also take note of any recent adjustments to analyst estimates for CrowdStrike Holdings. These latest ...

CrowdStrike Stock: Curling for a Comeback? CrowdStrike Stock Is Deeply Oversold The 14-day Relative Strength Index or RSI is around 20 for CrowdStrike stock. An RSI reading below 30 generally indicates oversold conditions, and an RSI of 20 is fairly uncommon for large-cap stocks like CRWD. Generally, it takes a catastrophic event — such as a widespread tech outage — for a stock's RSI to get this low. So now, you just have to ask yourself whether the fallout from the CrowdStrike tech outage will persist for ...

Overview of the Outage CrowdStrike executives acknowledge the immediate impact of the outage was profound. Businesses of all sizes experienced downtime, and the ripple effects on productivity and security were felt widely. All said and done, approximately 8.5 million devices were impacted, and Fortune 500 companies are estimated to have suffered upwards of $5.4 billion in losses. The outage, while well-intentioned and not malicious in origin, also opened the door to opportunistic attacks. Cybercriminals swi ...

CrowdStrike Holdings (CRWD 0.79%) committed a major unforced error on July 19 when one of its software updates crashed more than 8.5 million users of Microsoft Windows. The cybersecurity stock lost over 20% of its value over two trading sessions as the failed update hampered operations across many of the world's largest businesses. Make no mistake: CrowdStrike is in survival mode The real questions for investors are: How much reputational damage has the company suffered, and should the bull thesis for its s ...

CrowdStrike's outage has impacted customers all around the globe. Last week, investors were shocked to see shares in cybersecurity company CrowdStrike (CRWD 0.79%) suddenly fall off a cliff. Considering the unforeseen nature and total randomness of the CrowdStrike outage, I thought it prudent to take a look at other black swan events and assess how investors may want to approach portfolio management going forward. The idea of black swan events gained popularity thanks to author Nassim Nicholas Taleb's accla ...

Both companies saw strong performance this year, but CrowdStrike's recent technical outage could be a turning point. Or is it better to buy shares in a CrowdStrike rival, such as Palo Alto Networks (PANW 2.09%)? The stock's price has risen in the wake of CrowdStrike's botched software update. Let's compare these two cybersecurity companies to decide which is the better investment. One reason is CrowdStrike's outsize revenue growth. In its fiscal first quarter, ended April 30, the company delivered $921 mill ...

The growth potential of cybersecurity is good news for CrowdStrike and its investors. CrowdStrike Holdings (CRWD 0.79%) is one of the leaders in cybersecurity and continues to gain momentum by the day. When it released its Falcon platform in 2013, it was viewed as one of the pioneers of cloud-native solutions powered solely by artificial intelligence (AI). Since its initial public offering (IPO) on June 12, 2009, CrowdStrike's stock has increased by around 320%. Had you invested $25,000 in the company durin ...