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Tag: CrowdStrike

  • More companies are pointing to AI as they lay off employees

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    When Pinterest and Dow announced layoffs last month, they attributed the job cuts in part to a shift to artificial intelligence — a sign that some employers are stepping up their investment in AI as they pare their payrolls. 

    Although economists have generally downplayed the impact to date of generative AI on the broader U.S. workforce, that may offer little comfort to the employees who suddenly find themselves out of work as companies tout their adoption of such tools. 

    In 2025, companies directly pointed to their use of AI in announcing 55,000 job cuts — more than 12 times the number of layoffs attributed to AI just two years earlier, according to outplacement firm Challenger, Gray and Christmas. Of those job losses, 51,000 were in tech, with most of the cuts concentrated in tech-heavy states such as California and Washington.

    After years of pouring money into AI in a bid to boost efficiency and productivity, companies are under pressure to demonstrate the gains, Challenger, chief revenue officer of Challenger, Gray and Christmas, told CBS News.

    “That means jobs being replaced with artificial intelligence,” he said.

    Amazon is one of the tech giants turning to AI. In 2025, CEO Andy Jassy said in a memo that he expected the e-commerce giant to shrink its number of white-collar jobs as the company invests in AI “agents” over the next few years in search of efficiency gains.

    “We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs,” Jassy said at the time. 

    Amazon said in January that it was cutting 16,000 jobs, but didn’t explicitly mention its use of AI in a memo to employees. 

    By contrast, Pinterest framed the cuts as a way to redirect resources toward expanding its AI systems and capabilities. 

    Other companies haven’t explicitly mentioned AI in their layoffs announcements, but have noted that they are ramping up their use of technology and automation.

    A convenient excuse?

    The flurry of layoff announcements comes as economists try to get a read on how AI will reshape America’s workforce — a fast-moving target given the explosion in AI usage across the economy. 

    Ben May, director of global macro research at investment advisory firm Oxford Economics, said in a recent report that while some jobs are potentially exposed to AI, most employers don’t appear to be replacing a significant number of workers with AI. 

    He also suggested something else — that companies could be using AI as a pretext for job cuts.

    “We suspect some firms are trying to dress up layoffs as a good news story rather than a bad one — for example, by pointing to technological change instead of past overhiring,” he said.

    Lisa Simon, chief economist at Revelio Labs, which collects and analyzes public labor market data, also suspects that some companies are pointing to their use of AI to rationalize layoffs.

    “Companies want to get rid of departments that no longer serve them,” she said. “And I think, for now, AI is a little bit of a front and an excuse.”

    She posits that the technology is having more of an impact on hiring than layoffs, with companies pulling back as they realize they can do more with less.

    Challenger said he expects AI-related layoff notices to keep coming. “This technological innovation, I think, it’s going to affect pretty much every industry,” he said.

    Companies that have announced AI-related cuts

    Pinterest 
    The San Francisco-based company announced in January that it plans to cut 15% of its workforce, with a spokesperson telling CBS News that the social media company is “making organizational changes to further deliver on our AI-forward strategy, which includes hiring AI-proficient talent.”

    Dow
    Dow, an American chemical and plastics manufacturer, said last month that it is eliminating roughly 4,500 jobs as it steps up its use of AI and automation.

    Indeed and Glassdoor
    The career services firms, both owned by Recruit Holdings, announced last year that they were slashing a total of roughly 1,300 jobs. In an email to employees, Recruit Holdings CEO Hisayuki “Deko” Idekoba said that “AI is changing the world” and that the company must adapt accordingly.

    Chegg 
    In October 2025, online education assistance platform Chegg said it was eliminating 45% of its workforce as it faces the “new realities of AI” and reduced traffic from Google.

    CrowdStrike
    CrowdStrike CEO and co-founder George Kurtz said last year that the cybersecurity company was cutting about 500 positions as it leans into AI. “We’re operating in a market and technology inflection point, with AI reshaping every industry, accelerating threats, and evolving customer needs,” he wrote in a company memo.

    HP 
    In November 2025, HP said in an earnings announcement that the computer and software maker expected to reduce its global headcount by 4,000 to 6,000 employees — part of a wider company initiative to increase productivity by using AI. The company also said the restructuring would net $1 billion in savings by the end of fiscal year 2028. 

    Workday
    Workday, which runs a cloud-based platform that helps companies manage HR and finance, said in February 2025 that it would eliminate roughly 1,750 jobs. CEO Carl Eschenbach cited AI in the restructuring announcement

    “Companies everywhere are reimagining how work gets done, and the increasing demand for AI has the potential to drive a new era of growth for Workday,” he wrote. “This creates a massive opportunity for us, but we need to make some changes to better align our resources with our customers’ evolving needs.”

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  • Exclusive: Crowdstrike CEO George Kurtz on $290 million acquisition of startup Onum and security in the AI age

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    Cybersecurity is more than just software, says George Kurtz, CEO and cofounder of CrowdStrike. 

    “What we do at CrowdStrike is as old as time,” he told Fortune. “It’s good versus evil. It’s a human nature story embodied in technology.”

    It’s a battle that’s more urgent and complex than ever, as the rise of AI has ballooned the number of cyber threats and cyber criminals. This makes M&A—a longstanding feature of the cybersecurity sector—more high-stakes than ever. To be sure, some of the biggest deals of 2025 have been in cyber, from Palo Alto Networks’ $25 billion acquisition of CyberArk to Google’s proposed $32 billion acquisition of Wiz

    CrowdStrike, which went public in 2019, is also a longtime acquirer, and today announced its acquisition of data observability startup Onum for about $290 million. CrowdStrike today also announced its Q2 2025 earnings, beating expectations but offering a softer-than-expected revenue outlook sending its shares down roughly 4% in after hours trading. 

    Kurtz exclusively spoke to Fortune about the Onum deal and CrowdStrike’s M&A strategy going forward.

    “We like to get things at the right stage,” he said. “When you look at some of these other acquisitions, like CyberArk, you’re talking about a 20-year-old technology company with a lot of integration risk. These are big companies, and I’ve seen the movie before. When I was at McAfee, we acquired 21 companies, and never quite got them integrated… So, when it comes down to it, we’re maniacally focused on the customer experience, on making sure we’re disciplined enough to get this stuff integrated. We have a great track record of doing that.”

    Onum marks one of CrowdStrike’s early deals since last year’s much-publicized IT outage, which Kurtz says didn’t derail its M&A efforts, but offered a pause. In the aftermath, CrowdStrike set a high bar and refrained from closing any deals, while continuing to talk to companies, entrepreneurs, and VCs, keeping the M&A pipeline active, said Kurtz. The Onum deal ultimately came together in three months. The Madrid-based startup, which counts Dawn Capital and Insight Partners among its VC backers, was especially compelling to CrowdStrike for its real-time pipeline detection—the ability to analyze and detect threats or anomalies in data as it is being ingested into a company’s systems. 

    “If you think about the data we have, we started becoming the Reddit of security data for all these AI models,” said Kurtz. “The more data we get in, the larger the moat we actually have, and the greater the opportunity we have to solve bigger and broader problems from an AI perspective. That’s really driving our vision for AI-native SOC [security operations center]. It’s a natural extension.”

    In part, this is looking towards a future filled with AI agents. 

    “Our goal is to secure every AI agent,” said Kurtz. “Okay, what’s an AI agent? An AI agent is basically superhuman. It has access to data. It has an identity, though it might be a non-human identity. It has access to a workflow, and it has access to systems that are outside of your own boundaries… So, it has all of the exposure that we’re protecting against. 

    In a lot of ways, Onum is a classic CrowdStrike deal. Since 2017, CrowdStrike has acquired eight companies, including Humio in 2021 for $400 million and Flow Security in 2024 for a reported $200 million. 

    “There are some companies that are obviously richly-valued,” Kurtz said. “I think some of these companies don’t realize that they are starting to move into zombieland: You look at their last round valuation, and it might be great for them, but it’s expensive and it’s necessarily actionable for a lot of companies, even ours… So, you start to hit these big, multi-billion dollar valuations with not a lot of ARR, relatively speaking, and your pool of buyers dramatically shrinks. That’s why we like to catch them in the sweet spot of where we can add value, and that value accrues to CrowdStrike’s shareholders.”

    The goal, in the end, remains the same—security, and fighting the bad guys (who now have more weapons to play with). 

    “With gen AI, we’re democratizing destruction,” said Kurtz. “We’re taking a very sophisticated topic known by a relatively few number of people … and now you’re making all that expertise available to many more people. … The biggest thing is that you’re really compressing the timeframe that the good guys have to be able to deal with these problems, because the bad actors are moving so much faster now.” 

    What’s one thing Kurtz is sure of, looking to the future? 

    “We know there’s going to be a greater need for security tomorrow than there is today,” he said.  

    Introducing the 2025 Fortune Global 500, the definitive ranking of the biggest companies in the world. Explore this year’s list.

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    Allie Garfinkle

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  • CrowdStrike says more than 97% of Windows sensors are back online

    CrowdStrike says more than 97% of Windows sensors are back online

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    How a glitch crippled tech operations worldwide


    How the CrowdStrike glitch crippled operations across the globe

    01:41

    CrowdStrike said that nearly all Microsoft Windows sensors are operational again after a faulty update by the cybersecurity company crippled computer systems across the world. 

    More than 97% of Windows sensors were online as of Wednesday evening, CrowdStrike said in an update posted on its website. The systems are nearly fully restored after the company’s July 19 software update crashed millions of Windows-based devices and froze corporate networks.

    Microsoft estimates the error took down 8.5 million Windows devices. The snafu will cost Fortune 500 companies more than $5 billion in losses, according to an estimate from Parametrix, an insurance services company. 

    CrowdStrike CEO George Kurtz apologized for the outage in a LinkedIn post Thursday, assuring customers that the company was doing its best to fully restore computer systems. 

    “I am deeply sorry for the disruption this outage has caused and personally apologize to everyone impacted. While I can’t promise perfection, I can promise a response that is focused, effective, and with a sense of urgency,” he wrote. 


    Here’s how to get Delta to reimburse you after the CrowdStrike outage

    03:17

    CrowdStrike this week blamed the failure involving its Falcon security platform on a bug in a program designed to identify problems before customers are prompted to update their software. This resulted in “problematic content data” being sent to clients, CrowdStrike said on its website.  

    The global outage highlights the fragility of interconnected  IT systems, according to experts. Consulting firm McKinsey & Company said the outage draws attention to “the trade-offs IT organizations must make between updating their environments to protect against cyberattacks versus managing changes that can introduce instability.”

    Delta Air Lines, which was forced to cancel thousands of flights in the days after the outage, said Thursday that operations have returned to normal. 

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  • Delta flight canceled? Here’s how to get your money back post-CrowdStrike meltdown

    Delta flight canceled? Here’s how to get your money back post-CrowdStrike meltdown

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    Getting a reimbursement from Delta may be harder than you think


    Getting a reimbursement from Delta may be harder than you think

    02:20

    MINNEAPOLIS — Days after the massive IT meltdown that led to thousands of canceled flights across the United States, Delta Air Lines says normal operations should finally resume on Thursday.

    It comes as the airline giant now says it will cover some of the costs for anyone who had to rebook their flights on other airlines because of the CrowdStrike glitch.

    Early Thursday morning, Minneapolis-St. Paul International Airport only reported nine canceled incoming flights. But the headaches are far from over as passengers try to get their money back.  

    WCCO


    Delta says it will only reimburse costs during the travel period that started last Friday, July 19, through Sunday, July 28. 

    During that time, you could get a reimbursement if you had to pay for a hotel, meals or transportation because your flight was disrupted. 

    You’re also eligible for a reimbursement if you had to rebook through a different airline. 

    What Delta will not pay for are things like lost hotel reservations or prepaid vacation experiences if you didn’t make it to your destination. You also won’t be reimbursed for lost wages from taking extra time off work, as well as concert tickets and other events. 

    The most important thing to remember is to keep your receipts — for everything. You can submit your requests for a refund through Delta’s website.

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    Pauleen Le

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  • CrowdStrike blames bug for allowing bad data upload that led to global tech crash

    CrowdStrike blames bug for allowing bad data upload that led to global tech crash

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    How a glitch crippled tech operations worldwide


    How the CrowdStrike glitch crippled operations across the globe

    01:41

    CrowdStrike on Wednesday released more details about the cause of Friday’s technology outage, which crippled Microsoft Windows computers around the world and disrupted airlines, hospitals, banks and other businesses.

    The cybersecurity company blamed a bug in a program that’s meant to catch issues before software updates are uploaded to customers. That glitch blocked “problematic content data” from being flagged before it was sent to clients, CrowdStrike said in an update on its website.  

    The resulting bad data led to a critical error that “could not be gracefully handled, resulting in a Windows operating system crash (BSOD),” Crowdstrike wrote, referring to the “blue screen of death” that appeared on the screens of affected computers.

    Crowdstrike also said it would take future measures to prevent similar outages, including staggering the rollout of updates, giving customers more control over when and where they occur, and providing more details about planned updates. 

    The company has said a “significant number” of the approximately 8.5 million computers that crashed on Friday are back in operation as customers and regulators await a more detailed explanation of what went wrong.


    Cybersecurity expert shares tips on how to handle glitches and hacks in wake of Microsoft outage

    03:18

    Once its investigation is complete, Crowdstrike said that it will publicly release its full analysis of the meltdown.

    The outage caused days of widespread technological havoc, highlighting the vulnerability of corporate networks. The outage is drawing attention from government regulators and lawmakers, with U.S. House leaders calling on CrowdStrike CEO George Kurtz to testify to Congress about the cybersecurity company’s role in the outage. 

    —With reporting by the Associated Press.

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  • CrowdStrike says bug in quality control process led to botched update

    CrowdStrike says bug in quality control process led to botched update

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    By James Pearson

    LONDON (Reuters) – A CrowdStrike software update that crashed computers globally last week hitting services from aviation to banking and healthcare was caused by a bug in the U.S. cybersecurity firm’s quality control mechanism, the company said on Wednesday.

    Friday’s outage happened because CrowdStrike’s Falcon Sensor, an advanced platform that protects systems from malicious software and hackers, contained a fault that forced computers running Microsoft’s Windows operating system to crash and show the “Blue Screen of Death”.

    “Due to a bug in the Content Validator, one of the two Template Instances passed validation despite containing problematic content data,” CrowdStrike said in a statement, referring to the failure of an internal quality control mechanism that allowed the problematic data to slip through the company’s own safety checks.

    CrowdStrike did not say what that content data was, nor why it was problematic. A “Template Instance” is a set of instructions that guides the software on what threats to look for and how to respond. CrowdStrike said it had added a “new check” to its quality control process in a bid to prevent the issue from occurring again.

    The extent of the damage from the botched update is still being assessed. On Saturday, Microsoft said about 8.5 million Windows devices had been affected, and the U.S. House of Representatives Homeland Security Committee has sent a letter to CrowdStrike CEO George Kurtz asking him to testify.

    CrowdStrike released information to fix affected systems last week, but experts said getting them back online would take time as it required manually weeding out the flawed code.

    Wednesday’s statement was in line with a widely held assessment from cybersecurity experts that something in CrowdStrike’s quality control process had gone badly wrong.

    (Reporting by James Pearson; Editing by Kirsten Donovan)

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  • Delta faces federal investigation as it scraps hundreds of flights for fifth straight day

    Delta faces federal investigation as it scraps hundreds of flights for fifth straight day

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    Delta Air Lines is under investigation by the U.S. Department of Transportation’s Office of Aviation Consumer Protection as the airline scraps hundreds of flights for a fifth straight day after a faulty software update from cybersecurity company CrowdStrike took down Microsoft systems around the world. 

    While the outage impacted many businesses, from retailers to airlines, most have regained their footing and resumed regular operations. As of 7:30 p.m. Eastern Time on Tuesday, Delta had scratched 478 flights, far exceeding cancellations by any other U.S. airline, and delayed another 1,440 flights, according to data from flight tracker FlightAware.

    In a statement sent to CBS News on Tuesday, the Transportation Department said it “is investigating Delta Air Lines following continued widespread flight disruptions and reports of concerning customer service failures.”

    Delta said in a statement it has received the agency’s notice of investigation, adding that it “is fully cooperating.”

    “We remain entirely focused on restoring our operation after cybersecurity vendor CrowdStrike’s faulty Windows update rendered IT systems across the globe inoperable,” the company said.

    “I’m so upset”

    The airline is continuing to struggle with the aftermath of the outage, causing frustrations for travelers trying to get home or go on vacation. Some have opted to pay for pricey tickets on other airlines in order to get to their destinations, according to CBS Boston. 

    In a Monday statement, Delta said its employees are “working 24/7” to restore its operations, but CEO Ed Bastian also said it would take “another couple days” before “the worst is clearly behind us.” Other carriers have returned to nearly normal levels of service disruptions, intensifying the glare on Delta’s relatively weaker response to the outage that hit airlines, hospitals and businesses around the world.

    “I’m so exhausted, I’m so upset — not because of the outage, but the lack of transparency,” Charity Mutasa, who was delayed by a day trying to get a Delta flight back to Boston from Dallas, told CBS Boston.

    Another traveler, Matthew Dardet, told CBS Boston he ended up paying three times his original Delta ticket price for a seat on JetBlue after his flight to Florida was canceled multiple times. He was traveling to make it to his grandfather’s 82nd birthday.

    Where to get help with refunds, lost bags

    Delta said in a statement that it’s extended a travel waiver for all customers with trips booked from July 19 to July 28, which allows them to make a one-time change to their itinerary free of charge. Fare differences are waived if the rebooked flight takes place on or before August 4 and at the same cabin service level. 

    Customers also have a right to get a refund upon request, according to Delta. Travelers can request an e-credit for the unflown part of their trip or a refund at delta.com/refund.

    Meanwhile, the airline said it is also working to “reunite bags with customers” and that it has set up what it described as an internal Baggage Command Center in Atlanta, where it has the highest number of lost bags. It said customers can visit their local Baggage Service Office and file a claim, or submit one online at Delta.com or via the phone at (800) 325-8224.


    Delta passengers stuck at Logan Airport in Boston with “no way to get home”

    01:46

    “Delta continues to leverage as many solutions as possible to ensure customers’ bags are returned to them as soon as possible,” the airline said in an email.

    Delta has canceled more than 5,500 flights since the outage started early Friday morning, including more than 700 flights on Monday, according to aviation-data provider Cirium. Delta and its regional affiliates accounted for about two-thirds of all cancellations worldwide Monday, including nearly all aborted flights in the United States.

    United Airlines was the next-worst performer since the onset of the outage, canceling nearly 1,500 flights. United canceled 47 flights on Tuesday, FlightAware’s data shows.

    Focus on crew-tracking software

    One of the tools Delta uses to track crews was affected and could not process the high number of changes triggered by the outage.

    “The technology issue occurred on the busiest travel weekend of the summer, with our booked loads exceeding 90%, limiting our re-accommodation capabilities,” Bastian wrote. Loads are the percentage of sold seats on each flight.

    Meanwhile, the failures from CrowdStrike and Delta are drawing the attention of regulators and lawmakers. U.S. House leaders are calling on CrowdStrike CEO George Kurtz to testify to Congress about the cybersecurity company’s role in the tech outage. 

    Sen. Maria Cantwell, D.-Wash., chair of the Senate committee that oversees airlines, said in a letter to Bastian that she is “concerned” that Delta is not complying with passenger rights contained in a law that Congress passed in May.

    “While the technology outage was clearly not caused by Delta or any airline, I am nevertheless concerned that Delta is failing to meet the moment and adequately protect the needs of passengers,” Cantwell wrote.


    Sea of unclaimed luggage at Denver’s airport a sign of Delta’s continued struggle with outage

    03:07

    Transportation Secretary Pete Buttigieg said his agency had received “hundreds of complaints” about Delta and that he expects the airline to provide hotels and meals for travelers who are delayed, as well as to issue prompt refunds to those customers who don’t want to be rebooked on a later flight.

    “No one should be stranded at an airport overnight or stuck on hold for hours waiting to talk to a customer service agent,” Buttigieg said. He vowed to help Delta passengers by enforcing air travel consumer-protection rules.

    “We’re concerned about how the outcomes for passengers on Delta seem to be so different from what we’re seeing across the airline industry,” Buttigieg told CBS News. “…Stories about people in lines of more than a hundred people with just one customer service agent serving them at an airport, that’s completely unacceptable.” 

    Southwest parallels

    Delta’s meltdown mirrors that the mass disruptions that hit Southwest Airlines in December 2022, when the discount carrier canceled nearly 17,000 flights over 15 days. A Transportation Department investigation ended with Southwest agreeing to pay a $35 million fine as part of a $140 million settlement.

    Consumer advocates see the same pattern with Delta this month — the airline continues to blame the CrowdStrike outage while rivals such as American recovered quickly. Even United Airlines, the second-worst at cancellations, was back on track Monday.

    “It’s not about the thing that caused the problem, it’s about how you recover from the problem. That’s the test of an airline,” said William McGee, a former aircraft dispatcher who is a consumer advocate at the American Economic Liberties Project, a group critical of large corporations.

    —With reporting by the Associated Press.

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  • Flyers still experiencing fallout from largest IT outage in history

    Flyers still experiencing fallout from largest IT outage in history

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    Flyers still experiencing fallout from largest IT outage in history – CBS News


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    Travelers at airports across the globe were still facing long lines and flight cancellations as airlines Saturday struggled to recover from the CrowdStrike software meltdown. Elise Preston reports.

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  • How the CrowdStrike glitch crippled operations across the globe

    How the CrowdStrike glitch crippled operations across the globe

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    How the CrowdStrike glitch crippled operations across the globe – CBS News


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    A flaw in a software update from CrowdStrike, a firm that provides cybersecurity services through Microsoft for half of the Fortune 1000 companies, has caused a major worldwide tech outage. Carter Evans examines exactly what caused the glitch and how it is being fixed.

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  • Historic IT outage causes travel chaos, leaves airlines reeling

    Historic IT outage causes travel chaos, leaves airlines reeling

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    Historic IT outage causes travel chaos, leaves airlines reeling – CBS News


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    A software meltdown caused one of the largest tech outages in modern history, grounding thousands of flights worldwide Friday, stranding travelers and leaving airlines scrambling for answers. Kris Van Cleave reports.

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  • What is Microsoft’s “blue screen of death?” Here’s what it means and how to fix it.

    What is Microsoft’s “blue screen of death?” Here’s what it means and how to fix it.

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    The Microsoft outage caused by a faulty CrowdStrike software update has caused the return of a familiar — and dreaded — screen for many Windows users: what has come to be known informally as the “blue screen of death,” indicating that their computer systems are down. 

    The outage has affected consumers and businesses across the globe, including airlines, banks, health care providers, telecoms, retailers and even billboards in New York City’s Times Square. The blue screens were visible on computer screens at multiple airports Friday, according to images shared on social media. 

    The screens, have been around for decades, were designed for early Windows systems to display when users’ operating systems glitched. Microsoft, which describes them as “blue screen errors” or STOP code errors, says the screen continues to be displayed “if a serious problem causes Windows to shut down or restart unexpectedly.”

    screenshot-2024-07-19-at-12-54-50-pm.png
    Microsoft’s “blue screen of death” has been used for decades to tell Windows users that their computers’ operating systems are down. 

    Microsoft


    Friday’s worldwide outage was caused by a technical problem that global cybersecurity firm CrowdStrike said it had identified in its software and was working to resolve. CrowdStrike provides antivirus software to Microsoft for its Windows devices.

    In a post on X early Friday, Microsoft said its “previously impacted Microsoft 365 apps and services have recovered.”

    However, some customers responded that their computers were still displaying the blue screen.

    How can I fix the blue screen of death?

    In an earlier social media post, Microsoft said users can fix the blue screen of death by restoring their Windows 365 Cloud PC “to a known good state prior to the release of the update, or replacing the buggy version of Windows 365 with the system in use just before CloudStrike issued its faulty update.

    Microsoft included a link to a page with instructions on how to restore Windows. Users are given choices of various restart points for their computers that range from four hours to 24 hours before the CloudStrike update. 

    USA: Major IT Outage Hits Banks, Airlines, Businesses Worldwide
    A digital billboard in New York City’s Times Square displaying the “blue screen of death” on July 19, 2024, after a communications outage caused by a faulty software update crippled computers worldwide. 

    Selcuk Acar/Anadolu via Getty Images


    In a separate update on its website, Microsoft also said users may encounter a bug check called BSOD, or blue screen of death, “and get stuck in a restarting state.” In other words, the BSOD indicates that a computer has been knocked offline and that its operating system is not functional, sometimes forcing users into what can seem like a never-ending recovery loop before the PCs start properly again. 

    Experts also advise users to run “Windows Update” to make sure they’re using the latest software fixes. If the blue screen error persists, Microsoft recommends the following steps:

    1. In Windows, open Get Help.

    2. In the Get Help app, type “Troubleshoot BSOD error.”

    3. Follow the guided walkthrough in the Get Help app

    People who aren’t using a Windows device can run the Blue Screen Troubleshooter on their browser by going to Contact Microsoft Support and typing “Troubleshoot BSOD error.” That will lead to a guided walkthrough under “Recommended Help,” according to Microsoft. 

    How long does it take to get rid of the blue screen?

    Microsoft warned that its customers may have to reboot as many as 15 times before they’re successful in restoring their computing systems. 


    Cybersecurity outage affects computer systems worldwide

    05:20

    Microsoft said some users have reported that they have been able to successfully reboot their machines. 

    “We have received reports of successful recovery from some customers attempting multiple Virtual Machine restart operations on affected Virtual Machines,” the company said. It advises Windows users to login to the Azure Portal, its cloud computing product, and to initiate a restart. 

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  • What is CrowdStrike, the cybersecurity company behind the global Microsoft outages?

    What is CrowdStrike, the cybersecurity company behind the global Microsoft outages?

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    CrowdStrike, a cybersecurity firm headquartered in Austin, Texas, is linked to the Microsoft outage affecting airlines, banks and other businesses worldwide on Friday.

    The company provides antivirus software to Microsoft for its Windows devices, and many industries globally — from banking to retail to health care — use the company’s software to protect against breaches and hackers.

    The outages Friday were connected to “a defect found in a single content update for Windows hosts,” CrowdStrike CEO George Kurtz said in a statement. The issue was “not a security incident or cyberattack,” he said, and Mac and Linux hosts were not affected.

    “It’s wild that one security update can have such a ripple effect, but it shows how interconnected and fragile a lot of the technology infrastructure that’s used around the world is,” Adam Satariano, a technology correspondent for The New York Times, said Friday on “CBS Mornings.”

    CNBC’s Jim Cramer noted in an interview with CrowdStrike’s Kurtz on Friday that the company has a “stellar reputation.” Founded in 2011, it operates in over 170 countries, has about 29,000 customers and reported more than $900 million in revenue for the quarter that ended in April, according to Reuters.

    CrowdStrike not only provides security software to industries, but also investigates hacks and tracks hackers. It describes itself as “a leader in protecting customers around the world from cyber threats” and said “it is common for organizations to hire third-party industry experts, like CrowdStrike, to investigate and remediate cyber attacks when they suspect a breach even if they are collaborating with law enforcement.”

    The firm investigated the Russian hack on Democratic National Committee computers in 2016, and it says it has also tracked North Korean hackers for years. 

    When CBS News called CrowdStrike’s technical support line Friday, a pre-recorded message said the company was aware of reports of crashes on Microsoft systems related to its Falcon Sensor software. 

    Kurtz said Friday a fix has been deployed for the issue. And in an interview with CNBC’s Cramer, he apologized to every organization, person and group it has impacted.

    “This was not a code update,” Kurtz said. “This was actually an update of content. And what that means is there’s a single file that drives some additional logic on how we look for bad actors, and this logic was pushed out and caused an issue only in the Microsoft environment specific to this bug that we had.”

    “We identified this very quickly and rolled back this particular content file,” he said. 

    He said many systems can be rebooted “and the problem goes away and is fixed,” while other systems will take more time to recover — “hours” or “a little bit longer.”

    “We’re working individually with each and every customer to make sure that we can get them up and running and operational,” Kurtz said.

    The company’s shares were down 12.6% in premarket trading.  

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  • Advisors Asset Management Inc. Has $1.05 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

    Advisors Asset Management Inc. Has $1.05 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

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    Advisors Asset Management Inc. trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 10.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,290 shares of the company’s stock after selling 720 shares during the quarter. Advisors Asset Management Inc.’s holdings in CrowdStrike were worth $1,053,000 at the end of the most recent reporting period.

    A number of other large investors also recently modified their holdings of CRWD. BlackRock Inc. grew its holdings in shares of CrowdStrike by 17.6% during the second quarter. BlackRock Inc. now owns 16,070,200 shares of the company’s stock valued at $2,360,230,000 after buying an additional 2,401,659 shares during the last quarter. Vanguard Group Inc. boosted its stake in CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 12,547,900 shares of the company’s stock valued at $2,849,377,000 after purchasing an additional 244,613 shares during the last quarter. State Street Corp increased its holdings in CrowdStrike by 1.6% during the 2nd quarter. State Street Corp now owns 4,392,861 shares of the company’s stock worth $645,179,000 after purchasing an additional 70,484 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in CrowdStrike by 62.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock worth $396,019,000 after purchasing an additional 1,440,905 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in CrowdStrike by 0.9% during the 2nd quarter. Clearbridge Investments LLC now owns 3,327,904 shares of the company’s stock worth $488,769,000 after acquiring an additional 30,352 shares during the last quarter. 63.53% of the stock is currently owned by institutional investors.

    Analyst Ratings Changes

    CRWD has been the topic of a number of recent analyst reports. Wedbush raised their price target on shares of CrowdStrike from $278.00 to $350.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $304.00 target price on shares of CrowdStrike in a report on Wednesday. Oppenheimer lifted their price target on CrowdStrike from $300.00 to $355.00 and gave the stock an “outperform” rating in a report on Wednesday. Citigroup boosted their price objective on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Sanford C. Bernstein began coverage on CrowdStrike in a research report on Thursday, January 18th. They set an “outperform” rating and a $334.00 target price for the company. One analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $371.50.

    Read Our Latest Research Report on CrowdStrike

    CrowdStrike Stock Down 2.1 %

    Shares of CRWD opened at $322.85 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.74. CrowdStrike Holdings, Inc. has a 1 year low of $115.67 and a 1 year high of $365.00. The stock has a 50 day simple moving average of $299.97 and a two-hundred day simple moving average of $232.05. The firm has a market cap of $77.53 billion, a P/E ratio of 896.83, a P/E/G ratio of 16.42 and a beta of 1.06.

    Insiders Place Their Bets

    In other CrowdStrike news, insider Shawn Henry sold 9,205 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $253.14, for a total transaction of $2,330,153.70. Following the transaction, the insider now directly owns 190,777 shares of the company’s stock, valued at approximately $48,293,289.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Shawn Henry sold 9,205 shares of CrowdStrike stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $253.14, for a total transaction of $2,330,153.70. Following the sale, the insider now owns 190,777 shares of the company’s stock, valued at approximately $48,293,289.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,399 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $254.75, for a total transaction of $356,395.25. Following the transaction, the chief accounting officer now owns 37,155 shares in the company, valued at approximately $9,465,236.25. The disclosure for this sale can be found here. Insiders sold 227,858 shares of company stock valued at $59,916,066 over the last three months. Insiders own 5.68% of the company’s stock.

    CrowdStrike Company Profile

    (Free Report)

    CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

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    Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report).

    Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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  • 2024 CrowdStrike Global Threat Report: From breakout to breach in under three minutes; cloud infrastructure under attack

    2024 CrowdStrike Global Threat Report: From breakout to breach in under three minutes; cloud infrastructure under attack

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    The findings of the 2024 CrowdStrike Global Threat Report highlight a surge in adversaries leveraging stolen identity credentials to exploit gaps in cloud environments and maximize the stealth, speed, and impact of cyberattacks. The report also details the biggest threats on the horizon for 2024, including the disruption of global elections and the exploitation of generative AI  to lower the barrier of entry and launch more sophisticated attacks. 

    In the 10th annual edition of the cybersecurity leader’s seminal report, CrowdStrike highlights activity from some of the 230+ prolific threat groups it tracks today. Key findings in the 2024  report include:  

    ● Dramatic Increase in Attack Velocity

    The speed of cyberattacks continues to accelerate at an alarming rate. The report indicates that the average breakout time is down to only 62 minutes from 84 in the previous year (with the fastest recorded attack coming in at 2 minutes and 7 seconds). Once initial access was obtained, it took only 31  seconds for an adversary to drop initial discovery tools to compromise victims.  

    ● Stealthy Attacks Spike as Adversaries Compromise Credentials

    The report notes a sharp increase in interactive intrusions and hands-on-keyboard activity (60%) as adversaries increasingly exploit stolen credentials to gain initial access to targeted organizations.  

    ● Adversaries Follow as Business Moves to the Cloud

    Adversaries turned their sights to the cloud through valid credentials – creating a challenge for defenders looking to differentiate between normal and malicious user behavior. The report shows cloud intrusions increased by 75% overall with cloud-conscious cases amplifying by 110% year-over-year. 

    ● The Exploitation of Generative AI on the Horizon

    In 2023, CrowdStrike observed nation-state actors and hacktivists experimenting with and seeking to abuse generative  AI to democratize attacks and lower the barrier of entry for more sophisticated operations. The report highlights how generative AI will likely be used for cyber activities in 2024 as the technology continues to gain popularity. 

    ● Disrupting Democracy by Targeting Global Elections

    With more than 40 democratic elections scheduled in 2024, nation-state and eCrime adversaries will have numerous opportunities to disrupt the electoral process or sway voter opinion. Nation-state actors from China, Russia, and Iran are highly likely to conduct mis-or disinformation operations to sow disruption against the backdrop of geoconflicts and global elections.

    “Over the course of 2023, CrowdStrike observed unprecedented stealthy operations from brazen eCrime groups, sophisticated nation-state actors, and hacktivists targeting businesses in every sector spanning the globe. Rapidly evolving adversary tradecraft honed in on both cloud and identity with unheard-of speed, while threat groups continued to experiment with new technologies, like GenAI, to increase the success and tempo of their malicious operations,” said  Adam Meyers, head of Counter Adversary Operations, CrowdStrike. “To defeat relentless  adversaries, organizations must embrace a platform approach, fueled by threat intelligence and  hunting, to protect identity, prioritize cloud protection, and give comprehensive visibility into  areas of enterprise risk.” 

    As the cybersecurity consolidator in the AI era, CrowdStrike pioneered the adversary-focused approach to cybersecurity and provided customers with adversary-driven intelligence, human-led analysis, and the groundbreaking technology required to stay ahead of threats. This unique approach combines the unparalleled power of CrowdStrike Falcon Intelligence with  CrowdStrike Falcon OverWatch’s elite team of threat hunters to fuel the AI-native CrowdStrike  XDR Falcon platform to accelerate investigations, remediate threats, and ultimately stop breaches.  

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  • Why Fortinet, CrowdStrike, and Palo Alto Networks Stocks Zoomed Higher Today

    Why Fortinet, CrowdStrike, and Palo Alto Networks Stocks Zoomed Higher Today

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    Wednesday is shaping up to be a good day to own cybersecurity stocks: Powerful fourth-quarter earnings from network security company Fortinet (NASDAQ: FTNT) sent its stock up by 3%, and provided a tailwind to shares of peers CrowdStrike (NASDAQ: CRWD), and Palo Alto Networks (NASDAQ: PANW). Through 11:45 a.m. ET, those two stocks were up 5.8% and 7%, respectively.

    Reporting its fourth-quarter results Tuesday after the close, Fortinet beat expectations on both the top and bottom lines. Instead of the $0.43 per share (adjusted) profit on $1.41 billion in sales it was expected to report, the company earned $0.51 per share on sales of $1.42 billion.

    Fortinet Q4 sales and earnings

    TheFly.com has counted no fewer than 16 analysts raising their price targets on Fortinet in response to its report. And yet, how good was Fortinet’s news, actually?

    You might be surprised to learn that it actually wasn’t all that great. True, sales for the quarter grew by a respectable 10% year over year. But billings — which foreshadow future revenue growth — grew by only 8.5%, implying a slowdown may lurk just around the corner.

    Non-GAAP profits exceeded expectations, and were up a strong 16%. But earnings as calculated according to generally accepted accounting principles were only $0.40 per share for the quarter — flat year over year. Worst of all, free cash flow plummeted by 67% to just $165 million.

    Most of these numbers, by the way, reflected a significant slowdown in growth compared to Fortinet’s performance earlier in the year. Over the course of 2023, Fortinet scored sales growth of 20%, billings growth of 14%, non-GAAP profits growth of 37% — and GAAP earnings growth of 38%. (To give credit where credit is due, however, its free cash flow for the year did grow 19%.)

    What does Fortinet’s earnings beat mean for CrowdStrike and Palo Alto Networks?

    So yes, Fortinet “beat earnings.” And yes, investors in peer cybersecurity companies CrowdStrike and Palo Alto Networks have reason to breathe a sigh of relief … for now. All that being said, as an investor in one of these three stocks (Palo Alto), Fortinet’s performance in Q4 actually has me feeling just a tiny bit nervous. Consider this:

    On top of the slowdown seen in Q4, Fortinet’s guidance for the first quarter — and for 2024 as a whole — holds reasons for worry. Management is predicting that sales in Q1 will land in the $1.3 billion to $1.36 billion range. The entirety of this range falls short of Wall Street’s consensus expectation of $1.37 billion. Similarly, for the year, Fortinet predicts revenues between $5.72 billion and $5.82 billion — but Wall Street wants to see $5.93 billion.

    Granted, on earnings, the near term looks a bit better. Fortinet’s Q1 guidance for non-GAAP earnings per share of $0.37 to $0.39 implies the company thinks it could beat Wall Street’s forecast for $0.37 per share. But the midpoint of the company’s earnings guidance for the year implies the company might struggle to earn the $1.67 per share that analysts are expecting it to earn — and Fortinet gave no guidance at all for GAAP profits, nor for free cash flow.

    Now, look ahead to the upcoming earnings reports from Palo Alto Networks (due Feb. 20) and CrowdStrike (due March 5). In each case, Wall Street has its expectations set high, predicting that Palo Alto will report 24% quarterly earnings growth in Q4 … and that CrowdStrike will grow its profits by 75%. Those are aggressive targets. Even more worrisome is the fact that analysts will want to see both companies express similarly high hopes for 2024. To avoid disappointing investors, Palo Alto must promise to keep on growing its earnings at 24% for another year. CrowdStrike, meanwhile, must promise an accelerating growth rate: 92% growth.

    With both of these stocks already trading at extremely high multiples to forward earnings — 64.5 for Palo Alto and 81.3 for CrowdStrike — they look priced for perfection. Any stumble on earnings day — be it in the actual results they report or the future earnings they predict — could send either or both stocks plummeting.

    Caveat investor.

    Should you invest $1,000 in Fortinet right now?

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    Rich Smith has positions in Palo Alto Networks. The Motley Fool has positions in and recommends CrowdStrike, Fortinet, and Palo Alto Networks. The Motley Fool has a disclosure policy.

    Why Fortinet, CrowdStrike, and Palo Alto Networks Stocks Zoomed Higher Today was originally published by The Motley Fool

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  • CrowdStrike Holdings, Inc. Forecasted to Post FY2025 Earnings of $0.22 Per Share (NASDAQ:CRWD)

    CrowdStrike Holdings, Inc. Forecasted to Post FY2025 Earnings of $0.22 Per Share (NASDAQ:CRWD)

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    CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) – Stock analysts at Jefferies Financial Group issued their FY2025 earnings per share (EPS) estimates for shares of CrowdStrike in a note issued to investors on Wednesday, March 8th. Jefferies Financial Group analyst J. Gallo anticipates that the company will post earnings of $0.22 per share for the year. Jefferies Financial Group currently has a “Hold” rating and a $120.00 target price on the stock. The consensus estimate for CrowdStrike’s current full-year earnings is ($0.43) per share.

    A number of other research analysts have also recently weighed in on CRWD. Cowen lowered their price objective on CrowdStrike from $220.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 30th. Truist Financial decreased their target price on CrowdStrike from $200.00 to $175.00 in a research note on Monday, January 9th. Royal Bank of Canada lifted their target price on CrowdStrike from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday. Piper Sandler decreased their target price on CrowdStrike from $175.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, January 5th. Finally, Canaccord Genuity Group decreased their target price on CrowdStrike from $230.00 to $175.00 in a research note on Wednesday, November 30th. Five investment analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $174.50.

    CrowdStrike Stock Down 5.6 %

    CRWD stock opened at $121.68 on Friday. CrowdStrike has a twelve month low of $92.25 and a twelve month high of $242.00. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $110.06 and its 200-day moving average price is $136.17.

    Institutional Investors Weigh In On CrowdStrike

    Several hedge funds have recently made changes to their positions in the company. Zullo Investment Group Inc. lifted its stake in shares of CrowdStrike by 1.9% during the 2nd quarter. Zullo Investment Group Inc. now owns 2,990 shares of the company’s stock worth $504,000 after purchasing an additional 55 shares during the last quarter. Nwam LLC lifted its stake in shares of CrowdStrike by 2.2% during the 2nd quarter. Nwam LLC now owns 2,802 shares of the company’s stock worth $523,000 after purchasing an additional 60 shares during the last quarter. Almanack Investment Partners LLC. lifted its stake in shares of CrowdStrike by 5.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 1,191 shares of the company’s stock worth $201,000 after purchasing an additional 62 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of CrowdStrike by 6.2% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 1,082 shares of the company’s stock worth $182,000 after purchasing an additional 63 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of CrowdStrike by 1.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 4,562 shares of the company’s stock worth $1,036,000 after purchasing an additional 65 shares during the last quarter. 65.05% of the stock is currently owned by hedge funds and other institutional investors.

    Insider Activity at CrowdStrike

    In related news, insider Shawn Henry sold 7,556 shares of the business’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total transaction of $822,848.40. Following the completion of the transaction, the insider now owns 166,998 shares in the company, valued at approximately $18,186,082.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 7,556 shares of the company’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total value of $822,848.40. Following the completion of the sale, the insider now directly owns 166,998 shares in the company, valued at approximately $18,186,082.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Roxanne S. Austin bought 35,000 shares of the stock in a transaction on Thursday, January 5th. The stock was purchased at an average price of $96.19 per share, with a total value of $3,366,650.00. Following the completion of the acquisition, the director now directly owns 100,419 shares in the company, valued at approximately $9,659,303.61. The disclosure for this purchase can be found here. Insiders sold a total of 109,252 shares of company stock worth $11,807,218 in the last quarter. 6.82% of the stock is owned by company insiders.

    About CrowdStrike

    (Get Rating)

    CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.

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    Earnings History and Estimates for CrowdStrike (NASDAQ:CRWD)

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  • CrowdStrike’s chief security officer on global cyberthreat landscape

    CrowdStrike’s chief security officer on global cyberthreat landscape

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    CrowdStrike’s chief security officer on global cyberthreat landscape – CBS News


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    CrowdStrike’s annual cyberthreat landscape finds that today’s threat actors are smarter, more sophisticated and more well-resourced than they have ever been in the history of cybersecurity. CrowdStrike chief security officer Shawn Henry joins “CBS Mornings” to discuss the report and the 2023 cyberthreat landscape.

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