NEW YORK, NY / ACCESSWIRE / July 22, 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.
The CrowdStrike CRWD -8.98%decrease; red down pointing triangle glitch that caused outages for millions of users of Microsoft MSFT 1.39%increase; green up pointing triangle Windows devices last week continued to roil industries and snarl global air travel.
Shares in CrowdStrike Holdings Inc (NASDAQ:CRWD) tumbled another 8% in early trading on Monday, down over 18% since the company's technical update led to a worldwide IT meltdown on Friday. Issues stemming from the mass-scale IT outage issues were reported to be persisting in many corners of the globe on Monday.
CrowdStrike Holdings Inc (NASDAQ:CRWD) shares continued to fall on Monday as businesses around the world work to resume regular operations after a faulty update from the cybersecurity firm caused millions of Microsoft Windows computers to crash on Friday. Microsoft said over the weekend that about 8.5 million Windows devices, less than 1% of all Windows machines, were impacted by the outage.
CrowdStrike (CRWD) shares are falling more than 4% less than an hour before the opening bell Monday, extending Friday's 11% declines, after an update to the cybersecurity firm's software caused an outage in Microsoft's (MSFT) cloud services and disrupted businesses worldwide.
Following a massive outage that brought many industries and organizations, including banks, airlines, train operators, and supermarkets, around the world to a halt, the price of CrowdStrike (NASDAQ: CRWD) stock has suffered a major dip, and analysts' new price targets reflect the recent events.
ARIA AZT PROTECT™ Stops Untested Updates Taking Critical Systems Down BOSTON, MA / ACCESSWIRE / July 22, 2024 / ARIA Cybersecurity Solutions, a CSPi business (NASDAQ:CSPI) a leading provider of cybersecurity solutions offers a solution to help avoid this type of flawed cloud-based update from creating an outage to your critical infrastructure. A "flawed update process" on July 19th, 2024, is apparently to blame for the massive worldwide outage of systems running on Windows platforms as reported by CrowdStrike.
Shares of CrowdStrike fell 5% in premarket trading on Monday, extending their streak of losses, after several analysts downgraded the stock on concerns over the financial fallout from the global cyber outage last week.
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CrowdStrike shares plummeted on Friday after the cybersecurity company's software update triggered a global tech outage.
While businesses in the U.S. and Europe woke up Friday to a global IT outage that disrupted airports and hotels, China went into its weekend largely unaffected. "The impact of Friday's CrowdStrike incident on China was very small, with almost no impact on domestic public life," Gao Feng, senior research director at Gartner, said in Chinese, translated by CNBC.