Why CrowdStrike's Outage May Ultimately Benefit Its Stock
CRWDCrowdStrike(CRWD) The Motley Fool·2024-07-25 17:53

Incidents like this have turned into buying opportunities for other stocks in crisis.Until recently, CrowdStrike (CRWD -3.99%) stock was trading at record highs. The success of its endpoint security product was driving greater use of its Falcon platform -- and more interest from investors, who had pushed its valuation to stratospheric levels.However, investors began to question their thesis after a software update for its Microsoft-based systems led to a massive global IT outage. Amid the fallout, CrowdStri ...