Insured losses from CrowdStrike outage could reach $1.5 billion, CyberCube says

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Go back to Insured losses from CrowdStrike outage could reach $1.5 billion, CyberCube says

CrowdStrike stock is no longer a Top Pick at JPMorgan after a recent IT outage

July 29, 2024 10:28 AM EDT

JPMorgan analysts have removed CrowdStrike Holdings Inc. (NASDAQ: CRWD) from their Analyst Focus List following a recent IT outage caused by a Falcon content update file.

Despite maintaining an Overweight rating, the analysts have adjusted their price target for CrowdStrike to $330 from the previous $400, reflecting anticipated headwinds in the near term.

The IT outage, which occurred on July 19th, initially damaged CrowdStrikes reputation. However, JPMorgan analysts noted... More

BMO Capital Reiterates Outperform Rating on CrowdStrike Holdings (CRWD)

July 26, 2024 5:46 AM EDT

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

The analyst comments "While we are still in the process of assessing the financial impact of CRWDs outage, including the depth (how bad can... More

CrowdStrike-linked IT outage could result in $1.5 billion in insured losses: report

July 25, 2024 6:29 AM EDT

Global insured losses from last week's significant IT outage are projected to be between $400 million and $1.5 billion, according to cyber analytics firm CyberCube.

The disruption was caused by a software bug in CrowdStrike's (NASDAQ: CRWD) quality-control system, which led to a widespread computer crash, impacting services from aviation to banking. The U.S. firm disclosed this week that the bug was responsible for the damaging... More