US Stock Market News | CrowdStrike falls more than 11%, stock price hits lowest point in over six months
On Monday, as of press time, CrowdStrike fell more than 11%, with the stock price hitting a low point in over six months, closing at $269.89. Wade Bush stated that IT failure issues continue to persist globally. Analysts said, "In an already bad situation, this is not good news for George Kurtz & Co. (George Kurtz is the founder of CrowdStrike) because despite releasing fixes/remediation measures throughout the weekend, many companies still seem to struggle to recover from IT failures." Analysts added that some issues have been ongoing into this week. The firm stated, "In the coming weeks and months, the root cause analysis of the largest IT failure in history will become the focus of CrowdStrike, Microsoft, the cybersecurity industry, and many other areas including Washington and the legal community."
According to the financial news app Zhitong Finance, as of Monday, CrowdStrike (CRWD.US) fell more than 11%, with the stock price hitting a low point in over six months at $269.89. Wade Bush stated that IT failure issues continue to persist globally. Analysts said, "In an already bad situation, this is not good news for George Kurtz & Co. (George Kurtz is the founder of CrowdStrike) because despite releasing fixes/remediation measures throughout the weekend, many companies still seem to struggle to recover from IT failures."
Analysts further pointed out that some issues have continued into this week. The firm stated, "In the coming weeks and months, the root cause analysis of the largest IT failure in history will become the focus of CrowdStrike, Microsoft, the cybersecurity industry, and many other areas including Washington and the legal community."