Why Are CrowdStrike Shares Trading Lower On Friday
Portfolio Pulse from Dylan Berman
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares are trading lower after an update caused an outage, impacting businesses globally. The issue affected Microsoft Corp. (NASDAQ:MSFT) Windows PCs, causing crashes. CrowdStrike's CEO assured that it is not a security issue and is being resolved. The outage also impacted U.S. Edgar Online Services, U.S. CISA, and Union Pacific. Microsoft reported an unrelated issue with Azure, affecting airlines like Delta Air Lines, Inc. (NYSE:DAL) and American Airlines Group, Inc. (NASDAQ:AAL). Goldman Sachs Group, Inc. (NYSE:GS) noted that customers focus on the response to such issues.
July 19, 2024 | 4:34 pm
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NEUTRAL IMPACT
Goldman Sachs noted that customers expect security issues and focus on the response. Ongoing communication from CrowdStrike is expected.
Goldman Sachs' note on customer expectations and response to security issues is insightful but has a neutral impact on its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30
NEGATIVE IMPACT
American Airlines experienced delays due to technology issues, potentially linked to Microsoft's Azure problems.
American Airlines faced operational delays due to technology issues, which may be linked to Microsoft's Azure problems. This could lead to short-term negative sentiment.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
CrowdStrike shares fell 11.1% after an update caused global outages, impacting businesses and causing Windows PCs to crash. The CEO assured it is not a security issue and is being resolved.
The outage directly caused by CrowdStrike's update has led to a significant drop in its stock price. The CEO's assurance may mitigate long-term impact, but short-term sentiment is negative.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Delta Air Lines experienced delays due to technology issues, potentially linked to Microsoft's Azure problems.
Delta Air Lines faced operational delays due to technology issues, which may be linked to Microsoft's Azure problems. This could lead to short-term negative sentiment.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Microsoft Windows PCs were affected by CrowdStrike's update, causing crashes. Microsoft also reported an unrelated issue with Azure, affecting airline operations.
Microsoft's Windows PCs were impacted by CrowdStrike's update, which may cause short-term negative sentiment. Additionally, an unrelated Azure issue adds to the negative outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70