The S&P 500 slid 0.7% on Friday, July 19, 2024, as a tech outage disrupted operations for companies around the world. CrowdStrike shares tumbled after a software update by the cybersecurity firm set off widespread technological turmoil. Starbucks shares pressed higher amid reports that activist investor Elliott Investment Management has acquired a sizeable stake in the coffee chain. Major U.S. equities indexes moved lower on Friday as a major technology outage affected businesses around the world, grounding ...

PITTSBURGH, July 19, 2024 (GLOBE NEWSWIRE) -- On Friday, July 19, 2024, a faulty software update released by CrowdStrike caused a widespread technology outage to thousands of companies running Microsoft's Windows operating system. CrowdStrike is a U.S. cybersecurity company that provides software to companies around the world. The outage brought industries nationwide to a halt, causing major U.S. airlines to ground flights, and further impacting banks, 911 services, stock exchanges, payroll companies, and n ...

Rivals stand to gain. Eric Grenier, cybersecurity threat detection and exposure analyst at Gartner, cautioned that it's too early to say who the "winners" are in the ongoing CrowdStrike saga. But he told TechCrunch that he often sees Microsoft and SentinelOne shortlisted by the clients he speaks with, and it wouldn't surprise him if Friday's events cemented a few C-suite decisions in favor of CrowdStrike alternatives. Mike Jude, research director at IDC, notes that competitors face essentially the same risk ...

KEY TAKEAWAYS CrowdStrike (CRWD) shares plunged 12% in afternoon trading Friday, while those of its rivals rose, 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 a ...

Loading... As large IT firms and private equity investors snap up cybersecurity specialists, the industry is poised for significant growth and transformation. Google's acquisition of Wiz is a major step in this direction, heralding a future where cybersecurity giants dominate the field, offering more robust and integrated protection solutions. Wiz CEO Assaf Rappaport, speaking at the Fortune Brainstorm Tech conference, emphasized the necessity of this move. "First and foremost, I think consolidation in the ...

CrowdStrike Holdings, Inc CRWD shares are trading lower Friday after a significant outage that affected businesses worldwide following an update on its cloud software. George Kurtz, CEO of CrowdStrike, informed via X that the outage had been resolved. CrowdStrike clarified that the disruption was not a security incident or a cyberattack. Given CrowdStrike's strong reputation, Borges expects ongoing updates from the company. The analyst expects to see ongoing newsflow about the impact of the outage over the ...

A closer look at what really matters if you want to profit. In this video, Motley Fool contributor Jason Hall breaks down what is happening with AI cybersecurity leader CrowdStrike (CRWD -10.57%), whether this creates an opening for competitor SentinelOne (S 9.06%), and how investors should be thinking about the stock right now. *Stock prices used were from the morning of July 19, 2024. The video was published on July 19, 2024. ...

380.00 340.00 Loading... Loading... The top story on Wall Street Friday involves CrowdStrike Holdings, Inc. CRWD. Worldwide IT outages have affected banks, airlines, and even the London Stock Exchange. The problems were caused by a CrowdStrike cybersecurity platform issue and its stock is plummeting. But despite this, the shares are still displaying classic technical analysis principles. That's why our trading team has made it the Stock of the Day. When a stock is selling off or heading lower, there is a go ...

Is this an overreaction? If the growth rate for CrowdStrike's RPO slows or if it outright drops, that might signal that there's damage that could set the business back, at least for a time. Co-founder and CEO George Kurtz says that CrowdStrike already identified the problem and deployed a fix. The recovery is consequently underway. For example, United Airlines says that it's already resuming flights. For starters, airline travel was greatly impacted this morning and it will take time for the airlines to get ...

*Stock prices used were from the trading day of July 19, 2024. The video was published on July 19, 2024. A CrowdStrike update caused a global outage and disrupted various industries. In this video, I will talk about the CrowdStrike (CRWD -8.99%) outage, the CEO's comments, the stock, and see whether or not it is worth buying. ...