2024-07-19 12:46:07 ET
Summary
- CrowdStrike Holdings, Inc. showed strong fundamentals and resilience in the cybersecurity space before a faulty software update caused global IT outages at several of its customers.
- The faulty update impacted Windows endpoints globally, causing disruptions in various industries and raising concerns about CrowdStrike's credibility and financial consequences.
- Despite positive fundamentals and growth trends, investors should adopt a wait-and-see approach due to the uncertainty surrounding the incident and its potential impact on the company's future.
Introduction and investment thesis
I had recently begun to write an article on CrowdStrike Holdings, Inc. (CRWD), where I concluded, that the company shows exceptional fundamental resilience amid emerging uncertainty in the cybersecurity space. However, a defect in a software update on CrowdStrike’s Falcon platform that caused global IT outages has rewritten the whole story before the ink dried on my monitor....
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For further details see:
CrowdStrike: Black Swan Swallowing Bright Prospects For 2024