CrowdStrike shares tumble as fallout from global tech outage continues
Publishing timestamp: 2024-07-22 15:34:45
Summary
Guggenheim Securities analysts downgraded CrowdStrike stock after a faulty software update caused widespread outages of Windows computers. CrowdStrike shares slipped 13% as the cybersecurity company worked to help clients recover. Analysts expect fallout from the incident to hurt signings and revenue generation. Goldman Sachs maintained a buy rating but expects deals to take longer to close. CrowdStrike is still evaluating the impact on its business and operations.
Sentiment: NEGATIVE
Keywords: microsoft corp, technology, business, business news, crowdstrike holdings inc, enterprise, breaking news: technology,