CrowdStrike Offers Value Amid Short-Term Turbulence
CRWDCrowdStrike(CRWD) Gurufocus·2024-08-30 21:00

Shares of CrowdStrike Holdings Inc. (CRWD, Financial) recently experienced a significant plunge, shedding over 42% of their value within just two weeks, which wiped out approximately $40 billion of its market cap. The sharp decline was triggered by an unexpected issue when the company released a flawed sensor configuration update for its Falcon platform, resulting in around 8.50 million Windows devices crashing. The impact was severe, affecting critical facilities such as airports and hospitals, leading to ...