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George Kurtz - 1 Patrick T - 1 CrowdStrike - 1 — - 1 Kurtz - 1 Andy Grayland - 1 They'd - 1
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☆ How a software update caused one of the world's biggest IT blackouts
  + stars: | 2024-07-19 | by ( Ryan Browne | ) www.cnbc.com   time to read: +4 min
On Friday, the cybersecurity firm experienced a major disruption following an issue with a software update. CrowdStrike is a cybersecurity vendor that develops software to help companies detect and block hacks. In the case of Friday's outage, machines running Microsoft's Windows operating system crashed due to a fault in the way a software update issued by CrowdStrike interacted with Windows. We approximate impact started around 19:00 UTC on the 18th of July," Microsoft said in an update at 5:40 a.m. Unless Microsoft and CrowdStrike (if they are involved) pull something miraculous out of the bag, this could be painful to recover from."
Persons: George Kurtz, Patrick T, CrowdStrike, —, Kurtz, Andy Grayland, They'd Organizations: CrowdStrike Inc, Montgomery Summit, Fallon, Bloomberg, Getty, TV, CNBC, Fortune, Windows, Machines, Microsoft, CrowdStrike, Linux Locations: Santa Monica , California, Texas, U.S
☆ Shares of CrowdStrike fall after 'disappointing' earnings, Morgan Stanley says buy the dip
  + stars: | 2022-11-30 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +2 min
CrowdStrike shares fell more than 17% in premarket trading Wednesday, a day after the cybersecurity company reported third-quarter results that said new revenue growth was weaker than expected. More than $198 million was net new ARR added in the quarter, which ended Oct. 31. Last year, CrowdStrike's ARR increased by more than 67% in the third quarter, and the company added 1,607 net new subscription customers for that same period. Analysts at Morgan Stanley also said CrowdStrike's results were "disappointing," but they said estimates did not reflect the current macroeconomic environment. An analyst at Stifel said CrowdStrike's results were "disappointing" and downgraded the stock from buy to hold.
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