CrowdStrike Falls Further While Rivals Extend Gains After Outage

Category: Finance

CrowdStrike shares fell over 4% before the market opened, following an 11% drop on Friday due to a software update that caused outages in Microsoft's cloud services. Competitors like Palo Alto Networks and SentinelOne saw gains, with analysts warning of significant downside risks for CrowdStrike. Despite recent declines, the company's shares are still up nearly 20% this year.

Keywords: CrowdStrike, cybersecurity, stock market

Source: Investopedia

Update At: 7/22/2024

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