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Crowdstrike Holdings Inc (NASDAQ:CRWD) stock is down 12.9% to trade at $298.66 at last glance, after the cybersecurity firm disclosed a product update that spurred outages in IT systems across the globe. The issue grounded aircrafts, impacted banks and healthcare offices, and led Microsoft (MSFT) users to experience errors. The 200-day moving average looks poised to contain today's pullback, but Crowdstrike stock is pacing for its fourth-straight daily dip and its biggest single-day percentage loss since No ...

Topline Key Facts CrowdStrike competitor Palo Alto Networks enjoyed a 4% rally Friday, while the tech-heavy Nasdaq Composite stock index gained about 0.2%, held up by the likes of Microsoft rival Apple's 1% stock gain and a 1% rise for shares of Alphabet, which is reportedly in talks to buy cybersecurity firm Wiz for $23 billion. A screen at an airport displays a "blue screen of death" following CrowdStrike's ill-fated software ... [+] update. Europa Press via Getty Images CrowdStrike is on track for the th ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

CRWD stock traded for under $300 per share before the market opened this morning. Although its market capitalization fell to $73 billion, the stock has remained up about 17% for 2024. Microsoft (NASDAQ:MSFT) stock was down 1.45%, losing over $50 billion in market cap overnight. A Bug and Not a Hack That these global problems were caused by a failed software update may be the most shocking part of the story. Major news services like CNN were offering the kind of live updates usually reserved for natural disa ...

Sections of the internet are down around the world on Friday as users experience troubles caused by the ongoing CrowdStrike (NASDAQ:CRWD) outage today! Internet Down: CrowdStrike Outage Details The CrowdStrike outage keeping the internet down today has also affected several of its cybersecurity rivals. More CrowdStrike Outage News for Friday Let's get into everything users and investors need to know about the CrowdStrike outage and why it has the internet down on Friday below! The outage started after Crowd ...

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

Officials at both the New York Stock Exchange and the Nasdaq said they are up and running Friday, despite the CrowdStrike problems that have hit everything from airlines to banks to a slew of other businesses around the world. Similarly, the Nasdaq, which is the favorite trading spot for high-flying tech stocks, said it has managed to make it through the issues caused by an update that CrowdStrike, a global cybersecurity firm, implemented. The news, though, wasn't as good for CrowdStrike itself: Its shares ...

Shares of Austin, Texas-based cybersecurity giant CrowdStrike fell 13% in pre-market trading on July 19 after suffering "a major outage affecting businesses globally," reported CNBC. "Some users may still be unable to access certain Microsoft 365 apps and services, including Teams video conferencing," added the Times. CrowdStrike's CEO emphasized that the incident was not a cyberattack. "We are actively working with customers impacted by a defect found in a single content update for Windows hosts," CrowdStr ...

In this article Patrick T. Fallon | Bloomberg | Getty Images At the heart of the issue is Texas-based cybersecurity vendor CrowdStrike. On Friday, the cybersecurity firm experienced a major disruption following an issue with a software update. CrowdStrike is a cybersecurity vendor that develops software to help companies detect and block hacks. It is used by many of the world's Fortune 500 companies, including major global banks, healthcare and energy companies. This differs from alternative approaches used ...