Nathan Howard/Getty Images News What a day for CrowdStrike Holdings (NASDAQ:CRWD) investors as the market digests what was said to be the most significant global IT outage in recent times. Investors unfamiliar with the cybersecurity space may not have heard about CrowdStrike before. As CEO George Kurtz apologized after July 19's global faux pas, the cybersecurity leader likely became a household name worldwide for the wrong reasons. CrowdStrike: Consolidation Strategy Likely Affected Yesterday's outage has ...

The outage has disrupted services and impacted numerous clients worldwide, including the health and air transport sectors. This sale was executed under a prearranged 10b5-1 trading plan Henry established on December 20, 2023. Despite this significant divestment, Henry retains a notable stake in the company, holding 183,091 shares posttransaction. Chief Security Officer stock sale filing: Source: SEC CrowdStrike's Questions about the stock sale Overall, the timing of Henry's sale, which was so close to the o ...

Microsoft CEO Satya Nadella also addressed the outage in a LinkedIn post on Friday. He wrote: "Yesterday, CrowdStrike released an update that began impacting IT systems globally. We are aware of this issue and are working closely with CrowdStrike and across the industry to provide customers technical guidance and support to safely bring their systems back online." CrowdStrike didn't immediately respond to a request for comment made by Business Insider. Insider Today Sign up to get the inside scoop on today' ...

The investigation concerns whether CrowdStrike and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. As media outlets reported on the outage, CrowdStrike's stock price fell $38.05 per share, or 11.09%, to close at $305.00 per share on July 19, 2024. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 NEW YORK, July 19, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of CrowdStrike Hold ...

CrowdStrike short sellers gained after the cybersecurity company sent out a defective update causing a global tech outage for Microsoft's Windows hosts. The outage sent shares down more than 11% on Friday. S3 Partners said CrowdStrike shorts were the "big winners" of Friday's incident gaining more than $373 in mid-day mark-to-market profits. S3 Partners said CrowdStrike shorts were "the big winners" of Friday's incident, gaining over $373 in mid-day mark-to-market profits. In the same period, Microsoft shor ...

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 ...