CrowdStrike Stock Soared 20% in August. Here's Why the Gains Could Continue In September.
CRWDCrowdStrike(CRWD) The Motley Fool·2024-09-04 17:16

The July 19 outage appears to be having a lesser impact on CrowdStrike's business than investors initially feared. July 19 was a fateful day for CrowdStrike (CRWD -3.85%) investors. The company released a routine update to its cybersecurity software which had a malfunction, and it sent around 8.5 million Windows-based computers crashing. The outage cost CrowdStrike's largest customers -- from airlines to banks -- an estimated $5.4 billion. By Aug. 2, CrowdStrike stock had crashed 36% to a low of $218 as inv ...