Delta sues CrowdStrike over ‘catastrophic' global outage that cost it over $500M
The July 19 incident led to worldwide flight cancellations and hit industries around the globe including banks, health care, media companies and hotel chains.
Delta sues CrowdStrike after widespread IT outage that caused thousands of cancellations
Delta is asking for damages to cover over $500 million in losses, along with litigation costs and punitive damages, after an IT outage involving CrowdStrike's security software. The airline, which canceled thousands of flights, said CrowdStrike's software flaws reached its computers even though it had disabled automatic updates.
Delta sues CrowdStrike over software update that prompted mass flight disruptions
Delta Air Lines on Friday sued CrowdStrike in a Georgia state court after a global outage in July caused mass flight cancellations, disrupted travel plans of 1.3 million customers and cost the carrier more than $500 million.
What's Fuelling CrowdStrike's Market Rebound
CrowdStrike rebounded 24% since July 19, driven by strong demand for its AI-powered cybersecurity solutions. CRWD's TAM is projected to grow from $100 billion in 2024 to $225 billion by 2028. Over 65% of CrowdStrike's clients now use five or more modules, enhancing customer retention and recurring revenue.
Has Delta Air Lines Lost Its Leadership Role?
Delta Air Lines reported the highest net income among U.S. airlines in Q3 2024, despite operational disruptions from a CrowdStrike software update in July. Delta's strong brand equity and quick recovery from the CRWD event highlight its resilience and ability to maintain operational reliability and customer loyalty. Delta leads in labor cost management, having already absorbed significant increases, positioning it better than competitors who still face rising labor expenses.
3 Fantastic Tech Stocks to Buy Before 2024 Is Over
CrowdStrike, Meta Platforms, and dLocal look like winning investments for 2025.
CrowdStrike Sees Unusual Call Option Surge: What's Next?
When it comes to gaining exposure to a stock's price move in the future, most investors think of only buying the stock to enjoy the ride. However, there are more ways than one.
CrowdStrike Holdings (CRWD) Registers a Bigger Fall Than the Market: Important Facts to Note
In the most recent trading session, CrowdStrike Holdings (CRWD) closed at $308.51, indicating a -0.34% shift from the previous trading day.
The Daily Trader: Options Trades in BA and CRWD
As Boeing workers continue to strike and the company plans to raise $15B in stock/bond sales, Kevin Hincks looks at example options trade in Boeing (BA) ahead of next week's earnings. Later, Kevin places a call vertical example trade in Crowdstrike (CRWD).
Analysts See Growth in CrowdStrike Stock Despite July Setback
In July of 2024, a defective software update by cybersecurity firm CrowdStrike Holdings Inc. NASDAQ: CRWD led to global technology outages across multiple industries. In response, CrowdStrike shares plummeted, losing nearly 44% of their value in about two weeks before reaching a low point in early August.
Here is What to Know Beyond Why CrowdStrike (CRWD) is a Trending Stock
CrowdStrike (CRWD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
CrowdStrike Holdings (CRWD) Beats Stock Market Upswing: What Investors Need to Know
The latest trading day saw CrowdStrike Holdings (CRWD) settling at $306.24, representing a +1.3% change from its previous close.
