The most recent worldwide outage on Microsoft (NASDAQ: MSFT) based operating systems was caused by a faulty security update by CrowdStrike (NASDAQ: CRWD) on July 19, bringing multiple industries to a grinding halt and causing potentially $1.5 billion in insured losses according to the latest research from cyber analytics firm CyberCube on July 25. Now, the pre-market shows a recovery of 0.18%, potentially causing the latest closing price of $258.14 to recover even further. chart. Source: Finbold CRWD stock ...

Microsoft stock has moved very little since the outage. One particular aspect of the outage caused by a CrowdStrike software update is that it didn't affect software running on Linux or Apple's Mac OS operating systems. Instead, the software impacted by the service interruption was produced by Microsoft (MSFT -3.58%). That could affect perceptions about the software giant. Even though it has directed investors to focus on its cloud and artificial intelligence (AI) products, Microsoft's Windows OS runs a lar ...

Moreover, despite strong historical performance, CrowdStrike's valuation raises concerns. The company's stock trades at a forward PE 346x, significantly higher than the industry average. This premium valuation comes amid a backdrop where other leading cybersecurity firms are trading at much lower multiples. For those looking to safeguard their investments, stepping back from certain high-risk cybersecurity stocks before the end of July might be wise. Here are three such stocks showing troubling signs that i ...

Incidents like this have turned into buying opportunities for other stocks in crisis. Yet despite the market's now-bleaker view of the company, this experience may ultimately benefit CrowdStrike shareholders. Moreover, history shows that companies that address such issues tend to win back the confidence of investors over time. The state of CrowdStrike stock Additionally, CrowdStrike stock remains pricey. Since the company only recently transitioned to profitability, investors might be willing to overlook it ...

Delta Air Lines is reportedly facing a half-billion dollar hit after last week's IT outage. According to Bloomberg News, analysts at Citigroup lowered estimates for Delta's third-quarter adjusted earnings by 60 cents a share in a new report to $1.37, citing "operational expenses and potential customer compensation costs" after the outage. In addition, analyst Stephen Trent also reduced two profit metrics by about $500 million each. The report also cites a note from Conor Cunningham of Melius Research, who e ...

Key Takeaways Shares of CrowdStrike (CRWD) are still falling after a faulty update caused a global outage on Friday, sending the cybersecurity firm's shares plummeting, but some investors—including Cathie Wood's ARK Invest—are trying to buy the dip. Customers Are Still Working Through Issues Deutsche Bank analysts said that after "the widest IT outage in modern history," with an estimated 8.5 million Windows devices affected, some investors may see the double-digit "pullback in a high-quality stock as a buy ...

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 ...