Category: CrowdStrike
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CrowdStrike Falls After Disappointing Earnings Outlook
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(Bloomberg) — CrowdStrike Holdings Inc. Earnings forecasts were weaker than expected, disappointing investors who were watching for signs that the cybersecurity company had recovered from a faulty update that crashed computers around the world. Most read from Bloomberg Adjusted earnings will range from 84 cents to 86 cents per share…
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CrowdStrike Falls After Disappointing Earnings Outlook
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(Bloomberg) — CrowdStrike Holdings Inc. Earnings forecasts were weaker than expected, disappointing investors who were watching for signs that the cybersecurity company had recovered from a faulty update that crashed computers around the world. Most read from Bloomberg Adjusted earnings will range from 84 cents to 86 cents per share…
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CrowdStrike buys Israeli cloud security co Adaptive Shield
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Following the acquisition of Israeli cloud security companies by Palo Alto Networks, Cisco, and Check Point, CrowdStrike followed suit by acquiring Adaptation shield. The acquisition price was not disclosed, but it is estimated at $300 million, which represents a good return for investors in Adaptive Shield, which raised a total…
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Delta sues cybersecurity firm CrowdStrike over tech outage that canceled flights
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ATLANTA (AP) — Delta Air Lines Inc. filed a lawsuit against CrowdStrike on Friday, alleging the cybersecurity company took shortcuts and caused technology outages around the world that led to the cancellation of thousands of flights in July. The airline is seeking compensatory and punitive damages stemming from the outage,…
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Why the CrowdStrike outage hit Delta so hard
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But while rivals like United and American Airlines were able to bounce back after just a few days (United canceled nearly 1,500 flights, by comparison), Delta was still struggling. A memo Thursday from Bernstein Research sheds light on what went wrong. According to the memo, Delta canceled about 30% of…
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CrowdStrike rejects Delta Air Lines claims over flight woes By Reuters
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By David Shepardson WASHINGTON (Reuters) – CrowdStrike Inc on Sunday rejected Delta Air Lines Inc’s claim that it was to blame for flight disruptions after a global outage on July 19 caused by a faulty software update, suggesting its potential liability was minimal. Delta CEO Ed Bastian said last week…
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CrowdStrike Crashed More than 30% — 2 Reasons to Buy the Stock and 1 Reason to Sell
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Last month, Crowd Strike (NASDAQ: CRWD) Microsoft Corp. has faced one of the biggest nightmares for tech companies: The cybersecurity giant released a flawed software update that shut down operations for customers around the world, in what experts are calling the largest IT outage in history. Companies faced blue screens…
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CrowdStrike vs. Palo Alto Networks
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Organizations around the world rely on cybersecurity to protect against hackers. The extent of that reliance became clear on July 19 when the cybersecurity firm updated its software Crowd Strike (NASDAQ: CRWD) The app contained a bug, causing widespread disruptions to many businesses, including airlines, hospitals and banks. The unexpected…
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Why CrowdStrike Stock Plummeted Again This Week
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Crowd Strike (NASDAQ: CRWD) The stock saw another big sell-off in trading this week. The company’s stock price ended this week’s trading down 16% from last week’s market close, according to data from S&P Global Market Intelligence. Last Friday, CrowdStrike was at the center of a major IT outage —…
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AirAsia’s Tony Fernandes wants Microsoft compensation for CrowdStrike outage
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On Friday, a flawed update from US cybersecurity firm CrowdStrike caused Windows computers around the world to crash, displaying the dreaded “blue screen of death.” The outage hit global airlines particularly hard, disrupting thousands of flights as staff scrambled to get systems up and running again. Some airlines, such as…
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Cathie Wood’s Ark Invest Snaps Up $5.3M In Beaten-Down Crowdstrike Shares, Dumps $3.7M Worth Of Tesla Stock Before Q2 Earnings
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Cathie Wood’s Ark Invest Sold $5.3 Million in Crowdstrike Stock, Dumped $3.7 Million in Tesla Stock Ahead of Q2 Earnings on monday, Katie Wood-Drove Ark Invest He made major deals including: CrowdStrike Holdings (NASDAQ: CRWD) and Tesla Inc. (NASDAQ:TSLA), despite the turbulent market conditions surrounding these companies. Crowdstrike Trading the…
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CrowdStrike outage: Worst IT failure ever hit less than 1% of all Windows devices
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A flawed software update from cybersecurity firm CrowdStrike Holdings Inc. has affected 8.5 million devices worldwide that run Microsoft’s Windows operating system. Microsoft Corp. presented the full scope of the worldwide IT outage for the first time in Blog Microsoft said Saturday that the affected devices represented less than 1…
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Bitcoin eyes $67k amid CrowdStrike outage debacle
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As traditional systems raced to resolve the CrowdStrike outage, the value of Bitcoin and the cryptocurrency market soared. Decentralized technology proved itself once again on Friday, as a global IT outage disrupted banking, media, travel and a range of everyday operations. Web3 markets have boomed as Web2 activity has slowed…
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CrowdStrike update that caused global outage likely skipped checks, experts say By Reuters
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Written by Ziba Siddiqui SAN FRANCISCO (Reuters) – A routine update by CrowdStrike Inc (NASDAQ: CST) to its widely used cybersecurity software that caused its clients’ computer systems to crash worldwide on Friday did not appear to have undergone adequate quality checks before it was deployed, security experts said. The…
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Stocks move to new lows. Crowdstrike down -10.66%. Musk says “We just deleted Crowdstrike”
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Crowdstrike pushed an update overnight that crashed Microsoft products and subsequently many companies. I’m still having some issues with my tech. Crowdstrike shares are down -10.60% at $306.40. At least the stock is down from its low of $290.10. Meanwhile, major indices moved to new lows on the current hourly…
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CrowdStrike, Google expand partnership to combat cloud intrusions
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Sean Anthony Eddy/E+ via Getty Images Google Cloud (NASDAQ:GOG)(Nasdaq:Google) and cybersecurity company CrowdStrike (Nasdaq:CRWD) has entered into an expanded partnership to combat cloud intrusions. CrowdStrike found that cloud intrusions have increased by 75% over the past year, with bad actors infiltrating customer environments in less than two minutes. “Cloud-minded adversaries,…