Why CrowdStrike Stock Is Crashing Today
(NASDAQ: CRWD) stock is plummeting in Friday's trading. The cybersecurity specialist's share price was down 8.5% as of 11 a.m. ET, according to data from S&P Global Market Intelligence. Shares had been down as much as 15.4% earlier in the daily session.
With a new update that it rolled out, CrowdStrike inadvertently triggered system locks for hardware using Microsoft's Windows operating system. The issue has caused massive global outages for information technology systems, and investors are dumping the company's stock in response.
CrowdStrike is a leading provider of cloud-based endpoint protection services for businesses and institutions. The company's platform helps prevent computers, mobile devices, servers, and other hardware from being used by cybercriminals to attack networks and is widely used. Unfortunately, the latest update for its deeply integrated cybersecurity software has caused widespread outages for Windows-based computer systems.
Source Fool.com
CrowdStrike Holdings Inc Stock
With 130 Buy predictions and 3 Sell predictions CrowdStrike Holdings Inc is one of the favorites of our community.
With a target price of 342 € there is a positive potential of 41.03% for CrowdStrike Holdings Inc compared to the current price of 242.5 €.
