There Could Be a Lot More Bad News Coming for CrowdStrike
CRWDCrowdStrike(CRWD) The Motley Fool·2024-08-11 05:18

Investors shouldn't assume the cybersecurity stock has bottomed out.CrowdStrike (CRWD 0.16%) has been in the news for all the wrong reasons of late. Last month, the cybersecurity company released an update that led to massive outages affecting companies all over the world.What started off as a strong year for the company has quickly turned into a disastrous one. Prior to the outage, shares of CrowdStrike were up more than 50% year to date. Now, they're down 5%.Despite the recent sell-off, investors shouldn' ...