(NASDAQ: CRWD) stock has been under fire of late as a global tech outage involving its software led to a sharp sell-off in its valuation. Regardless of the reason for the outage, such a wide-scale effect which impacts multiple industries and companies all over the world is not good for business, especially not when you're a company that is trying to build a brand synonymous with trust and cybersecurity.

Are investors overreacting to the recent news, or is the stock in deep trouble, and likely due for a bigger decline in the weeks and months ahead?

Investors and consumers often hear of data breaches crippling a company's operations, but in CrowdStrike's case, it blamed a widespread outage in July on faulty code in an update to its Falcon software. That update impacted Microsoft's Windows operating systems, which is relied on by companies around the world.

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Source Fool.com