3 Stocks That Could See Increased Demand Thanks to the CrowdStrike Outage
CRWDCrowdStrike(CRWD) Investor Place·2024-07-30 18:15

The market doesn’t trust CrowdStrike (NASDAQ:CRWD) anymore. Following its software patch that caused IT systems worldwide to meltdown, the cybersecurity stock lost all of the gains it made in 2024.Before the CrowdStrike outage, its stock had surged 52% but subsequently lost one-third of its value. Nearly 30billioninmarketvaluationevaporated.CRWDstocknowtradesat30 billion in market valuation evaporated. CRWD stock now trades at 256 per share.Beyond the monetary value of CrowdStrike’s outage, it may have damaged its reputation. That could hurt its ability to gain ...