NEW YORK, NY / ACCESSWIRE / July 30, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of CrowdStrike Holdings, Inc. ("CrowdStrike" or "the Company") (NASDAQ:CRWD). Investors who purchased CrowdStrike securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/CRWD.
For the past few weeks, the CrowdStrike (NASDAQ: CRWD ) outage dominated the headlines. So, what exactly happened with the CrowdStrike outage?
NEW YORK, NY / ACCESSWIRE / July 30, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of CrowdStrike Holdings, Inc. ("CrowdStrike") (NASDAQ:CRWD) concerning possible violations of federal securities laws. The morning of July 19, 2024, a software outage caused massive disruptions across numerous businesses, including banks, airlines, TV stations, healthcare providers, and hotels.
LOS ANGELES, CA / ACCESSWIRE / July 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of CrowdStrike Holdings, Inc. ("CrowdStrike" or "the Company") (NASDAQ:CRWD) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
CrowdStrike (CRWD) shares are falling roughly 4% in premarket trading following a CNBC report that Delta Air Lines (DAL) 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.
CrowdStrike's platform is highly integrated into thousands of customers' systems. The company's Q2 conference call will be one that investors must tune into.
Shares of CrowdStrike fell more than 4% in premarket trading on Tuesday after a report Delta Air Lines will seek compensation from the cybersecurity firm over the recent global IT outage that crippled industries including airlines.
Following a recent, widely-reported cloud computing outage incident, you may be wondering what cloud stocks to sell. Besides the company in question behind the outage, there are other cloud stocks where exiting your position is likely the best move.
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.
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.
Just as the effects of the July 19 worldwide outage start to diminish, CrowdStrike (NASDAQ: CRWD) and Microsoft (NASDAQ: MSFT), two main protagonists of this event, are hit with a major lawsuit by Delta Airlines (NYSE: DAL).
CrowdStrike stock plunged after a faulty software update drove entire industries offline. The stock is still expensive at a price-to-sales ratio of 19.