Reported about 10 hours ago
CrowdStrike shares saw a significant increase after RBC Capital named it a top investment choice in the software sector. Despite earlier setbacks caused by a flawed software update leading to global outages and a drop in stock value, RBC Analysts highlighted the company's recovery potential, predicting strong growth towards $10 billion in annual recurring revenue by 2031. However, the impact of the previous outages continues to affect CrowdStrike, particularly noted by Delta Air Lines citing a $380 million revenue hit.
Source: YAHOO