“A major technical failure causes a sharp collapse in CrowdStrike shares during trading.”
Shares of the well-known cybersecurity company CrowdStrike fell significantly on the US stock market on Monday, after a technical incident affected the operations of many sectors around the world. A new company software update has caused Microsoft's Windows computers to crash, disrupting Internet services and impacting airlines, banking and healthcare.
Reuters reported that this incident raised concerns about the company's reputation, the possibility of losing new customer contracts, and the potential legal competition that Crowdstrike may face. However, some analysts expect that the company may recover from this crisis due to its distinguished position in the market.
In trading on Monday, NASDAQ-listed CrowdStrike stock fell 11% to $271.55.