In a new twist to the story of a widespread IT outage that affected devices across the planet, caused by a CrowdStrike (NASDAQ: CRWD) update related to Microsoft (NASDAQ: MSFT) systems, it appears someone had made a massive $2 million dollar put bet on CRWD stock right before it happened. Coincidence or something else? According to Walkos, the likelihood of this being just a bizarre coincidence was "extraordinarily low (…) in the context of the outage and subsequent price drop," arguing that this proves tha ...

Key Takeaways CrowdStrike shares remain under pressure as investors assess the fallout from a software update by the cybersecurity company on Friday that caused widespread disruption at banks, airlines, broadcasters, and many other businesses. The stock price first started showing signs of weakness last Thursday when it closed decisively beneath the 50-day moving average, before gapping sharply lower on Friday and closing below the 200-day MA on Monday. Amid further selling, investors should monitor key sup ...

Both Microsoft and CrowdStrike, as well as other companies that were victimized by the outage, issued updates during the day Monday as they slowly completed the manual processes necessary to fix problems caused by a faulty software update executed Friday. CrowdStrike in particular added some color to its initial report that a software update to its Falcon Sensor caused the crash that sent 8.5 million Windows users headed for alternate devices, if they were available. The company also indicated in a separate ...

SAN FRANCISCO, July 22, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges CrowdStrike Holdings, Inc. (NASDAQ: CRWD) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys. Visit: www.hbsslaw.com/investor-fraud/CRWD Contact the Firm Now: CRWD@hbsslaw.com 844-916-0895 CrowdStrike Holdings, Inc. (CRWD) Investigation: The investigation focuses on the propriety of certain statements ma ...

In today's video, I discuss recent updates impacting CrowdStrike (CRWD -13.25%). Check out the short video to learn more, consider subscribing, and click the special offer link below. Is it time to buy CrowdStrike stock? *Stock prices used were the market prices of July 22, 2024. The video was published on July 22, 2024. ...

Shares of CrowdStrike plunged 13% on Monday, extending their loss-making streak, after Wall Street analysts downgraded the stock on concerns over the financial fallout from a global cyber outage last week. CrowdStrike's glitchy update to its security software crashed computers powered by Microsoft's Windows operating system, disrupting internet services across the globe and affecting a broad swathe of industries including airlines, banking and healthcare. Microsoft said Saturday about 8.5 million Windows de ...

There likely isn't a quick way to restore confidence. Shares of embattled cybersecurity company CrowdStrike (CRWD -13.37%) crashed on Monday because Friday's incident is still in the spotlight. Various analysts downgraded their near-term expectations for the company from here, which might not be an overreaction. As of 10:15 a.m. ET, CrowdStrike stock was down 12% for the day and it's now down more than 30% from its all-time high hit earlier this month. The analyst downgrades are here for CrowdStrike On Frid ...

George Kurtz, president CEO and Co-Founder at CrowdStrike speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 21, 2019. Early on Friday, the company issued a defective update to its Falcon vulnerability-protection software that caused PCs, computer servers in data centers and display screens to crash, resulting in grounded flights and canceled medical appointments. The incident ensnared 8.5 million Windows devices, less than 1% of the global total, Microsoft said. CrowdStrike sha ...

Piper Sandler continues to maintain its "neutral" rating for CRWD stock. That's worse than the analysts' consensus moderate buy rating based on 40 opinions. CrowdStrike (NASDAQ:CRWD) stock just hit by a price target cut from Piper Sandler analysts following the outage is caused over the weekend. What's Behind the CRWD Stock Price Target Drop? "Clearly it will be difficult for investors to quantify the impact of last week's faulty update given the sheer magnitude and disruption created by the incident. We we ...

The mistake in the Falcon update led to a global IT outage, impacting banks, airports, hospitals, retailers, various businesses and government agencies. This causes significant disruption and economic losses worldwide. What Caused the Global IT Outage? Initially, Microsoft was suspected to be at fault since the outage only affected Windows systems. However, Microsoft clarified that it was working with CrowdStrike to resolve the problem. CrowdStrike CEO George Kurtz acknowledged the issue, too, and confirmed ...