CrowdStrike Holdings Inc. (CRWD) saw its shares fall 6.14% in pre-market trading after a weaker-than-expected Q4 earnings forecast, despite exceeding Q3 expectations. The cybersecurity firm’s strong Q3 revenue and earnings are overshadowed by concerns about future growth.
CrowdStrike Holdings, Inc. (CRWD) continues to expand its cybersecurity reach, announcing a partnership with Ignition Technology in Ireland, launching AI Red Team Services to protect AI systems, and acquiring Adaptive Shield to enhance identity-based security. These strategic moves underscore CrowdStrike’s commitment to delivering comprehensive, AI-powered cybersecurity solutions to organizations worldwide.
CNBC’s Jim Cramer dished out his stock picks on ‘Mad Money’s Lightning Round,’ focusing on companies across the technology, real estate, and cybersecurity sectors. He recommended buying Intuitive Surgical, Kimco Realty, CrowdStrike, and Rocket Lab, while expressing caution about Nutanix. This article analyzes Cramer’s recommendations and the recent performance of the mentioned companies.
Delta Air Lines has filed a lawsuit against CrowdStrike, alleging a software update caused a massive IT outage in July, leading to the cancellation of thousands of flights and costing the airline over $500 million. The lawsuit highlights the critical dependence on technology in today’s world and could have significant implications for both companies.
Delta Airlines experienced a significant revenue hit during the third quarter due to a major technology outage caused by CrowdStrike and Microsoft. Despite this setback, the airline is expecting a strong fourth quarter driven by robust holiday travel demand and improved pricing. Delta is pursuing compensation from both CrowdStrike and Microsoft for the outage.
CrowdStrike Holdings, Inc. (CRWD) is seeing its shares rise today following the announcement of an expansion to its CrowdStrike Marketplace. This platform allows customers to access and integrate cybersecurity solutions from leading partners, bolstering the CrowdStrike Falcon platform and optimizing cybersecurity investments.
Faruqi & Faruqi, LLP, a leading securities law firm, is investigating potential claims against CrowdStrike Holdings, Inc. after the company experienced significant outages affecting millions of users. Investors who lost over $100,000 due to CrowdStrike’s stock decline between November 29, 2023, and July 29, 2024, are encouraged to contact the firm to discuss their legal options.
A cybersecurity executive from CrowdStrike faced questioning from House lawmakers regarding a major global technology outage in July. The incident, caused by a faulty update from CrowdStrike, disrupted thousands of flights and various industries worldwide. The hearing explored the impact of the outage and the role of artificial intelligence in the update process.
CrowdStrike continues to innovate in the cybersecurity space, strengthening its cloud security offerings through partnerships with Dazz and Zscaler, launching a dedicated financial services subsidiary, and supporting its second annual Cybersecurity Startup Accelerator. The company faces short-term challenges like pipeline delays, deal scrutiny, and discounting pressure.
CrowdStrike has launched its second annual Cybersecurity Startup Accelerator, partnering with Amazon Web Services (AWS) and NVIDIA. The program aims to support emerging AI and cloud security startups with funding, expertise, and market opportunities. Selected startups will receive mentorship, investor access, and AWS credits, offering them a chance to tackle pressing security challenges.
