CrowdStrike's Pain Could Be Its Rivals' Gain. Watch These Cybersecurity Stocks
It's an ill wind that blows nobody any good. An update from cybersecurity-software company CrowdStrike appeared to cause outages for users of Microsoft Windows devices Friday, but it could be a boon for the company's rivals.The issue hitting millions of devices appeared to be caused by an update from CrowdStrike, Microsoft employees and outside technology professionals told The Wall Street Journal. CrowdStrike didn't immediately respond to a request for comment early on Friday.It could be a bitter blow for a company that has been a stock market darling recently, more than doubling over the past year. CrowdStrike shares were down 20% in premarket trading.After establishing its market position in endpoint security -- protecting the connection between a corporate network and devices that workers use -- CrowdStrike has been broadening out into various areas such as cloud security, identity protection, and analytics.Now peers threatened by its expansion could see an opportunity to strike ba
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
1
Report
Login to post
No comments yet