KEY TAKEAWAYS CrowdStrike shares are falling following a CNBC report that Delta Air Lines has hired top attorney David Boies to pursue potential damages from the cybersecurity firm as well as Microsoft following the global IT outage on July 19. Boies, chairman of Boies Schiller Flexner, represented the U.S. government in its antitrust case against Microsoft and helped secure same-sex marriage rights in California. Delta was the most heavily impacted of the major airlines from the outage that led to thousand ...

Until we have that information, everyone is just guessing about CrowdStrike's stock. However, I'm fairly confident CrowdStrike will stay strong throughout this adversity and remain one of the best cybersecurity investments on the market. CrowdStrike already released its indictment review report and has vowed to make changes, so this does not happen again. Whether the market regains confidence in the company or not remains to be seen, but CrowdStrike cannot afford another outage like this. CrowdStrike's stoc ...

Pretty soon, investors may cease to give Zoom the benefit of the doubt when it comes to a potential growth resurgence. If the market ends up convinced that Zoom is a "tech dinosaur," ZM could sink to a valuation on par with other low-growth "dinosaurs" like Xerox Holdings (NASDAQ:XRX). XRX trades at a valuation nearly half that of Zoom's current forward multiple. Following a recent, widely-reported cloud computing outage incident, you may be wondering what cloud stocks to sell. Besides the company in questi ...

No matter how sophisticated technology becomes, vulnerabilities can still lead to significant damage and global outages. This was the case in recent days when a faulty CrowdStrike update caused havoc for Windows computers, laptops, and countless other devices, with significant implications for insurance stocks. Markel's emphasis on offering insurance options for more unconventional risk means that the stock can perform well in all economic climates and boasts a unique selling point (USP) that will gain extr ...

The market doesn't trust CrowdStrike (NASDAQ:CRWD) anymore. Following its software patch that caused IT systems worldwide to meltdown, the cybersecurity stock lost all of the gains it made in 2024. Yet it also creates a wedge its rivals could use to steal customers and market share from the industry leader. According to 6Sense, CrowdStrike is the top cybersecurity firm with a near 24% share followed by privately held McAfee at 21%. Source: Tada Images / Shutterstock.com The Rule of 58 means SentinelOne's FC ...

The final amount might be considerably higher, with an estimate of overall damages reaching $1.5 billion for the insurers. CRWD stock 24-hour price chart. Source: Finbold The Atlanta-based airline has been the slowest among major U.S. carriers to recover, with over 2,200 flight cancellations on July 19 and over 6,000 cancellations. Analysts estimate the financial impact could be somewhere between $350 to $500 million for Delta. However, the news of the lawsuit has prompted losses of 4.72% in pre-market trad ...

It's been a rough couple of weeks for CrowdStrike (CRWD 1.03%). A buggy software update from CrowdStrike crashed Microsoft Windows operating systems around the world, leading to major disruption in global industries such as airlines, broadcasting, and retail. The sell-off in the stock seems deserved given the reputational damage to the company and the potential challenges to retaining and adding new customers. So should you buy CrowdStrike now or wait until the company's status is clearer? To answer that qu ...

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 ...