Rosenblatt Defending CrowdStrike Holdings (CRWD), 'Buying Opportunity'

Oppenheimer Reiterates Outperform Rating on CrowdStrike Holdings (CRWD), 'Removing from Top Picks'

Oppenheimer analyst Ittai Kidron reiterated an Outperform rating and $450.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).

The analyst ocmments "We are removing CrowdStrike from our 2024 Top Picks. While we remain positive on the long-term opportunity, we expect shares to face continued pressure near-term as the company deals with the fallout of its defective software update and... More

Bernstein SocGen Group Downgrades American Airlines (AAL) to Market Perform

Bernstein SocGen Group analyst David Vernon downgraded American Airlines (NASDAQ: AAL) from Outperform to Market Perform with a price target of $12.00 (from $18.00).

The analyst comments "We have long viewed AAL as a catch up story: a company with a later merger... More

CrowdStrike Holdings (CRWD) PT Lowered to $380 at RBC Capital

RBC Capital analyst Matthew Hedberg lowered the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $380.00 (from $420.00) while maintaining a Outperform rating.

The analyst comments "While the outage could remain a near-term overhang, we believe CrowdStrike will emerge as a... More

BTIG Downgrades CrowdStrike Holdings (CRWD) to Neutral

BTIG analyst Gray Powell downgraded CrowdStrike Holdings (NASDAQ: CRWD) from Buy to Neutral.

The analyst comments "On Friday 7/19, a CRWD software update caused a major global outage impacting businesses worldwide. After speaking with five senior security executives about the incident, we are downgrading CRWD shares to Neutral. In short, the feedback from our discussions was more... More

Wolfe Research on CrowdStrike Holdings (CRWD): 'many unknowns related to the impact on the brand'

Wolfe Research analyst Joshua Tilton reiterated a Peerperform rating on CrowdStrike Holdings (NASDAQ: CRWD).

The analyst comments "Our Take. While public cloud outages appear to have become a normal cost of doing business with the hyperscalers, the outage caused by the CRWD update is more severe than the cloud outages that organizations are accustomed to given that it... More

CrowdStrike Holdings (CRWD) PT Lowered to $350 at Evercore ISI

Evercore ISI analyst Peter Levine lowered the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $350.00 (from $405.00) while maintaining a Outperform rating.

The analyst comments "This is an unprecedented event and not something we or anyone had in their cards. First, this... More

Citi on CrowdStrike Holdings (CRWD): 'We see risk to billings and ARR', 'Reminiscent of Too Big to Fail'

Citi analyst Fatima Boolani reiterated a Buy rating and $425.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).

The analyst comments "We see risk to billings and ARR on the heels of CRWDs widespread outage, where the roll-out of a defective software update to... More

BMO Capital on CrowdStrike Holdings (CRWD): 'we believe there will be financial consequences from this issue'

BMO Capital analyst Keith Bachman reiterated an Outperform rating and $410.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).

The analyst comments "First, in our experience companies, and stocks, recover from technology challenges and breaches. However, we believe there will be financial consequences... More

Goldman Sachs Defending CrowdStrike Holdings (CRWD)

Goldman Sachs analyst Gabriela Borges reiterated a Buy rating and $400.00 price target on CrowdStrike Holdings (NASDAQ: CRWD).

The analyst comments "CrowdStrike is indicated down 13% in pre-market trading on July 19 post news overnight on a widespread outage of Microsoft systems globally, caused by a CrowdStrike update to a Falcon sensor. The outage, coupled with what appears to be an unrelated Microsoft Azure outage on Thursday for some customers in the central United States, has led to disruption of services at several airlines, financial institutions and businesses (WSJ). At 5:45am ET, George... More

Microsoft says cause of outage at 365 apps and services fixed

(Reuters) - Microsoft said on Friday that the underlying cause for outage of its 365 apps and services has been fixed, but the residual impact of cybersecurity outages are continuing to affect some customers. (This story has been corrected to say that the underlying cause of outage of 365 apps and... More

CrowdStrike deploys fix for issue causing global tech outage

(Reuters) -Cybersecurity firm CrowdStrike has deployed a fix for an issue that triggered a major tech outage that affected industries ranging from airlines to banking to healthcare worldwide, the company's CEO said on Friday.

Microsoft said separately it had fixed the underlying cause for the outage of its 365 apps and services including Teams and OneDrive, but residual impact was affecting some services.

"This is not a security incident or cyberattack. The issue has been identified,... More

Stifel keeps CrowdStrike (CRWD) at Buy, 'pleased that the initial conclusion is that this is related to a bad update'

Stifel analyst Adam Borg reiterated a Buy rating and $400.00 price target on CrowdStrike Holdings (NASDAQ: CRWD) following today's global cybersecurity incident.

The analyst commented: "Friday morning (7/19), various news agencies reported that a corrupted CrowdStrike update has caused computers running the Microsoft Windows operating system to crash, resulting in business operations at companies globally being impacted. For example, the Wall Street Journal reported that a number of banks and the London Stock Exchange... More

What caused the global cyber outage?

By Martin Coulter, James Pearson

LONDON (Reuters) -A global tech failure disrupted operations across multiple industries on Friday, halting flights and upending everything from banking to healthcare systems. 

WHAT HAPPENED?

CrowdStrike, a U.S. cybersecurity company with a market value of about $83 billion, is among the most popular in the world, counting more than 20,000 subscribers around the world, the company's website shows.

According to an alert sent by CrowdStrike to its clients at 0530 GMT on Friday and reviewed by Reuters, its widely used "Falcon Sensor" software is causing Microsoft Windows to crash and display a... More

South Africa's Absa Bank on X: Technical Matter Relating to the Global Outage Has Been Resolved

(Updated - July 19, 2024 6:02 AM EDT)

South Africa's Absa Bank on X: Technical Matter Relating to the Global Outage Has Been Resolved

"Please note that access to the Absa Rewards hub has been restored and the technical matter relating to the global outage has been resolved."

https://x.com/AbsaSouthAfrica/status/1814238146415968622

CrowdStrike (CRWD) CEO Kurtz: global outage is not a 'cyberattack'

(Updated - July 19, 2024 7:07 AM EDT)

CrowdStrike (NASDAQ: CRWD) CEO George Kurtz on X: global outage is not a 'cyberattack'

"CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts.... More

CrowdStrike Holdings Inc. (CRWD) 30-day option implied volatility flat as share price lower before the bell

CrowdStrike Holdings Inc. (NASDAQ: CRWD) 30-day option implied volatility is at 39; compared to its 52-week range of 29 to 71 into reports of global outages.

Microsoft stock falls as outage grounds flights, Azure services impacted

Investing.com-- Microsoft Corporation (NASDAQ: MSFT) experienced an outage in its Azure and Office365 services which saw at least two low-cost U.S. airlines ground multiple flights on late-Thursday, with services still remaining suspended into early-Friday. 

Microsoft stock fell 1.8% in pre-market trade Friday.

Frontier Airlines... More

Netflix, Trump nomination, outages - what's moving markets

Investing.com -- Netflix will be in the spotlight Friday, after the streaming giant beat expectations of net subscriber additions but issued a cautious revenue guidance. Donald Trump accepted the Republican Party presidential nomination, while Wall Street looks set to end the week lower with a sectorial rotation under way. 

Netflixs third-quarter revenue guidance fell short of expectations, even as the streaming giant reported better-than-expected second-quarter results amid blowout subscriber additions, driven by a strong content slate and an ongoing... More

Underlying issue causing global IT outage now fixed but some services still affected

(Updated - July 19, 2024 7:39 AM EDT)

The issue that caused a global IT outage affecting various businesses, including banks, airlines, and train companies, has been resolved.

Major U.S. airlines such as American Airlines (NASDAQ: AAL), Delta Airlines (NYSE: DAL), and United Airlines (NASDAQ: UAL). have been grounded, while airports in... More

Global tech outage eases after widespread disruption, new focus seen on risks

(Reuters) -Services from airlines to healthcare, shipping and finance were coming back online on Friday after a mistake in a security software update sparked hours-long global computer systems outages, another incident highlighting the vulnerability of the world's interconnected technologies.

After the outage was resolved, companies were dealing with backlogs of delayed and canceled flights and medical appointments, missed orders and other issues that could take days to resolve. Businesses also face questions about how to avoid future blackouts triggered by technology meant to safeguard their systems.

A software update by global cybersecurity firm CrowdStrike, one of the... More

CrowdStrike Holdings Inc. (CRWD) in the money July 370, 380 and 390 puts active as share price down 4.7%

CrowdStrike Holdings Inc. (NASDAQ: CRWD) 30-day option implied volatility is at 34; compared to its 52-week range of 29 to 71. Call put ratio 1 call to 2.1 puts with focus on July 370, 380 and 390 puts as share price down 4.7%.

CrowdStrike (CRWD), Palo Alto (PANW) downgraded at Redburn

Redburn Atlantic analysts downgraded CrowdStrike Holdings Inc. (NASDAQ: CRWD) and Palo Alto Networks (NASDAQ: PANW) in a note Thursday, citing valuation concerns and market dynamics.

CrowdStrike was downgraded to Sell from Neutral with a target price of $275, down from $380.

Redburn highlights that while CrowdStrike's products are of high quality, the company faces challenges in penetrating the large enterprise... More

CrowdStrike Holdings (CRWD) PT Raised to $450 at Oppenheimer

(Updated - July 18, 2024 7:33 AM EDT)

Oppenheimer analyst Ittai Kidron raised the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $450.00 (from $400.00) while maintaining a Outperform rating.

The analyst commented: "We expect CrowdStrike to beat 2QFY25 revenue guidance of $958.3-961.2M (+31.2% at the midpoint vs.... More

Redburn-Atlantic Downgrades CrowdStrike Holdings (CRWD) to Sell

Redburn-Atlantic analyst Nina Marques downgraded CrowdStrike Holdings (NASDAQ: CRWD) from Buy to Sell with a price target of $275.00 (from $380.00).

The analyst comments: "CrowdStrike has benefited from several catalysts that drove demand including (1) strong endpoint growth as the pandemic caused an increase in... More

CrowdStrike Holdings (CRWD) PT Lowered to $420 at KeyBanc

KeyBanc analyst Eric Heath lowered the price target on CrowdStrike Holdings (NASDAQ: CRWD) to $420.00 (from $440.00) while maintaining a Overweight rating.... More