Reported 2 months ago
CrowdStrike, the cybersecurity firm, faces significant backlash following a recent outage that affected multiple industries, with Delta Air Lines estimating losses of around $500 million and considering legal action. Despite a robust growth trajectory in profits, the company may experience increased legal costs and might require additional investments to prevent future incidents. Investors are cautioned that CrowdStrike's stock remains expensive and they may find better opportunities in other tech stocks.
Source: YAHOO