CrowdStrike shares tank 20% in premarket after major outage hits businesses worldwide
Summary
Cybersecurity firm CrowdStrike saw its shares plunge Friday, after an update led to a major outage, impacting businesses across the world. Shares of the company, which makes software to help firms manage their security in IT environments, tanked 20% in U.S. premarket trading. A multitude of different websites went down Friday morning, as planes were grounded and TV studios paused broadcasting, amid an ongoing major IT outage. Earlier on Friday, CrowdStrike was hit with a major outage caused by an issue with an update affecting its Falcon Sensor product, which is designed to stop cyber breaches using cloud technology. Shares of Palo Alto rose 5%, while Fortinet climbed 2% in premarket trading.
Classifications
industries
No industries detected
applications
AI & Machine learning
AskAI Classifications
Labels
Cybersecurity Software
Endpoint Security
Cloud Security
Linked Companies
CrowdStrike
$1B+