Passengers seen waiting after a major disruption in Microsoft Corp.'s cloud services caused widespread flight cancellations and delays at T3 IGI Airport in New Delhi, India, on July 19, 2024. At Berkshire Hathaway's annual investor meeting earlier this year, Warren Buffett and his top insurance executive Ajit Jain issued a headline-grabbing warning that Berkshire would exercise caution regarding cyber insurance — in fact, it advised insurance agents to only sell cyber policies if they absolutely had to do s ...

It's been a rough few days for the stock, reflective of the incident. But is the move a buying opportunity, or should investors stay on the sidelines until we learn more? Let's take a closer look. The recent move has pushed valuation multiples down, with shares currently trading at a 14.3X forward 12- month price-to-sales ratio compared to a 23.8X high just this year. The company is forecasted to see 30% sales growth in its current fiscal year, though it's critical to note that these expectations will likel ...

CrowdStrike founder and CEO George Kurtz said the following in an update. According to CrowdStrike, the problem had to do with the company's Rapid Response Content update that was sent out on Friday. It notes that there was an unexpected error in the update that caused Windows computers around the world to crash. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of ...

CrowdStrike (CRWD 0.69%) has been the subject of much scrutiny after causing arguably the worst global IT outage ever. The outage last week, which CrowdStrike said happened during a software update, rattled many industries, and many companies are still dealing with the effects. CrowdStrike has attracted the business of many top companies globally. It's the cloud security provider for 62 companies in the Fortune 100, showing its ability to attract and retain major enterprises (which come with large checkbook ...

The cybersecurity company released a report Wednesday (July 24), five days after a crash affected 8.5 million Windows machines around the world, leading to chaos at banks, airports and hospitals. The report also outlines what CrowdStrike aims to do to prevent the problem from recurring, such as implementing "a staggered deployment strategy for Rapid Response Content in which updates are gradually deployed to larger portions of the sensor base," while also giving customers more control over the delivery of t ...

Operational Analysis Financial & Valuation Analysis Further Risk Analysis PANW has notably launched a strategy to consolidate cybersecurity platforms, which includes offering free incentives and encouraging customers to consolidate their protection on PANW's security systems. As PANW is already executing a consolidation strategy, this weakness in CRWD is likely to open new customer acquisitions for PANW, potentially significantly reducing CRWD's position in the market periodically. Furthermore, PANW is acti ...

When some people around the world logged onto their laptops on Friday, they were greeted with a blue error screen on their Microsoft Windows operating system. Businesses around the world use CrowdStrike's software to protect their IT systems from hackers. The dependence on such a company exposed the fragility of global businesses' reliance on a small number of IT vendors. In the latest episode of CNBC Tech's "Beyond the Valley" podcast — which you can listen to above — Tom Chitty and I talk about what was b ...

In the latest trading session, CrowdStrike Holdings (CRWD) closed at $268.88, marking a +1.88% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.16%. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq lost 0.06%. The cloud-based security company's shares have seen a decrease of 30.17% over the last month, not keeping up with the Computer and Technology sector's gain of 0.47% and the S&P 500's gain of 1.96%. Investors will be eagerly watching for the performan ...

Wood reportedly picked up more than 20,000 shares of CRWD stock on Monday and nearly 40,000 shares on Friday. This puts her two-day bet at $17.1 million. The question is whether Wood's bet on CrowdStrike will ultimately be profitable. Let's dive into this decision, and whether investors may want to follow suit. The saying goes that the way to make money in the market is to buy low and sell high. Thus, when a stock dips by roughly one-third over the course of a week, investors looking for growth at a reasona ...

NEWTOWN, Pa., July 23, 2024 (GLOBE NEWSWIRE) -- Edelson Lechtzin LLP, a leading class action law firm, is investigating breach of fiduciary duty claims on behalf of current shareholders of CrowdStrike Holdings, Inc. (NASDAQ: CRWD). If you have substantial losses on your CRWD investment or possess information concerning breaches of fiduciary duties by company insiders, please contact Edelson Lechtzin LLP at 844-696-7492, by e-mail at elechtzin@edelson-law.com, or online HERE. Background on CrowdStrike CrowdS ...