2024-07-23 09:29:07
The hammering on its stock continues CrowdStrike, since the problems from last Friday’s blackout on millions of Microsoft Windows devices have not been fully resolved.
Recall that as millions of users, including airports, airlines, hospitals and other large businesses and services, faced the “blue screen of death”, chaos reigned from Australia to the US and from India to Europe.
Everything started from a bug in a software upgrade the company’s cybersecurity for Windows. Mac and Linux were not affected.
CrowdStrike staff are still working feverishly to help the company’s customers resolve their issues.
With the company blamed for the biggest IT system meltdown in history, its stock fell 11% on Friday and is under heavy pressure again today. Intra-session it records a drop of up to 13%.
What do the experts expect?
THE Guggenheim Securities downgraded the recommendation on CrowdStrike stock to “neutral” from “buy”. Analysts commented that while they still have confidence in the company’s leadership, they believe its image has been severely damaged and in the short term at least that will hurt subscriptions. However, they emphasize that she could come out stronger from this adventure.
THE Goldman Sachs for its part, it maintained a buy recommendation on the stock, although it indicated in a note that the CrowdStrike deals will likely be delayed in closing.