CrowdStrike's stock extends declines as it draws a downgrade in wake of incident

Category: Business

CrowdStrike Holdings Inc. faces potential delays in new business deals following a disruptive software update that affected global technology. Guggenheim analyst John DiFucci downgraded the stock, citing concerns over the company's reputation and the possibility of losing out on competitive deals. Despite a recent selloff, he believes the company will recover in the long term, but advises caution for immediate investments.

Keywords: CrowdStrike, cybersecurity, software update

Source: Morningstar.com

Update At: 7/23/2024

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