Why CrowdStrike Stock Crashed Again Today

Category: Finance

CrowdStrike's stock plummeted 12% following a software update that caused 8.5 million Microsoft Windows devices to malfunction. Analysts downgraded their price targets due to concerns over potential legal fees and customer hesitance to engage with the company. Despite the setback, the failure was attributed to a software defect rather than a cyberattack, indicating that the company may recover over time.

Keywords: CrowdStrike, cybersecurity, stock market

Source: Yahoo Finance

Update At: 7/23/2024

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