CrowdStrike Outage Is "Major Black Eye," Others May Take Advantage: Wedbush

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CrowdStrike Outage Is "Major Black Eye," Others May Take Advantage: Wedbush

Seeking Alpha07-19

The global outage that took down computers all over the world and interrupted air travel is a "major black eye" for cybersecurity firm CrowdStrike (NASDAQ:CRWD), Wedbush Securities said.In turn, it ...

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Babasheep
·07-19
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href=https://seekingalpha.com/news/4125788-crowdstrike-outage-major-black-eye-others-may-take-advantage-wedbush><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The global outage that took down computers all over the world and interrupted air travel is a \"major black eye\" for cybersecurity firm CrowdStrike (NASDAQ:CRWD), Wedbush Securities said.In turn, it ...</p>\n\n<a href=\"https://seekingalpha.com/news/4125788-crowdstrike-outage-major-black-eye-others-may-take-advantage-wedbush\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2125909247.SGD","symbol_name":"Natixis Thematics Meta H-R/A 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hack/cyber security threat which would be more worrying. CrowdStrike has a strong brand and global marketing presence which will need to go into next gear over the coming weeks and months to curtail some damage from this.\"While it will take some time for the issues to settle down, it does not change Wedbush's positive view of CrowdStrike or the broader cybersecurity industry, Ives added.Door open?While CrowdStrike's issue impacted global companies and customers, it could create an opportunity for other cybersecurity firms to take advantage, Ives posited.\"It could create opportunity for some competitive displacements but this will take time to determine the path of CIOs and companies looking ahead and related legal actions related to this outage,\" Ives explained.Ives did not name any specific cybersecurity companies he thought could take advantage. However, shares of competitors, such as Palo Alto Networks (PANW), Fortinet (FTNT) and a few others were higher in premarket trading.For Microsoft (NASDAQ:MSFT), which has also been at the heart of the story — given it impacted Windows machines — it is less of an issue, but still a \"PR nightmare\" for both companies, Ives said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":329261156778256,"gmtCreate":1721391690929,"gmtModify":1721396540809,"author":{"id":"3583119363276015","authorId":"3583119363276015","name":"Babasheep","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583119363276015","authorIdStr":"3583119363276015"},"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329261156778256","repostId":2452349422,"repostType":2,"repost":{"id":"2452349422","kind":"highlight","pubTimestamp":1721391300,"share":"https://ttm.financial/m/news/2452349422?lang=&edition=fundamental","pubTime":"2024-07-19 20:15","market":"us","language":"en","title":"CrowdStrike Outage Is \"Major Black Eye,\" Others May Take Advantage: Wedbush","url":"https://stock-news.laohu8.com/highlight/detail?id=2452349422","media":"Seeking Alpha","summary":"The global outage that took down computers all over the world and interrupted air travel is a \"major black eye\" for cybersecurity firm CrowdStrike , Wedbush Securities said.In turn, it could lead to an opportunity for competitors to take advantage, the research firm added.CrowdStrike shares were down 10% in premarket trading on Friday after the company said a fix was being deployed.\"This is clearly a major black eye for CrowdStrike and the stock will be under pressure after this global outage re","content":"<html><head></head><body><p style=\"text-align: left;\">The global outage that took down computers all over the world and interrupted air travel is a &#34;major black eye&#34; for cybersecurity firm CrowdStrike (NASDAQ:CRWD), Wedbush Securities said.</p><p style=\"text-align: left;\">In turn, it could lead to an opportunity for competitors to take advantage, the research firm added.</p><p style=\"text-align: left;\">CrowdStrike shares were down 10% in premarket trading on Friday after the company said a fix was being deployed.</p><p style=\"text-align: left;\">&#34;This is clearly a major black eye for CrowdStrike and the stock will be under pressure after this global outage related to Microsoft has caused massive disruption globally,&#34; analyst Dan Ives wrote in an investor note. &#34;This is a technical update and importantly not a hack/cyber security threat which would be more worrying. CrowdStrike has a strong brand and global marketing presence which will need to go into next gear over the coming weeks and months to curtail some damage from this.&#34;</p><p style=\"text-align: left;\">While it will take some time for the issues to settle down, it does not change Wedbush&#39;s positive view of CrowdStrike or the broader cybersecurity industry, Ives added.</p><h2 id=\"id_1355803513\" style=\"text-align: left;\">Door open?</h2><p style=\"text-align: left;\">While CrowdStrike&#39;s issue impacted global companies and customers, it could create an opportunity for other cybersecurity firms to take advantage, Ives posited.</p><p style=\"text-align: left;\">&#34;It could create opportunity for some competitive displacements but this will take time to determine the path of CIOs and companies looking ahead and related legal actions related to this outage,&#34; Ives explained.</p><p style=\"text-align: left;\">Ives did not name any specific cybersecurity companies he thought could take advantage. However, shares of competitors, such as Palo Alto Networks (PANW), Fortinet (FTNT) and a few others were higher in premarket trading.</p><p style=\"text-align: left;\">For Microsoft (NASDAQ:MSFT), which has also been at the heart of the story — given it impacted Windows machines — it is less of an issue, but still a &#34;PR nightmare&#34; for both companies, Ives said.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CrowdStrike Outage Is \"Major Black Eye,\" Others May Take Advantage: Wedbush</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrowdStrike Outage Is \"Major Black Eye,\" Others May Take Advantage: Wedbush\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-19 20:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4125788-crowdstrike-outage-major-black-eye-others-may-take-advantage-wedbush><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The global outage that took down computers all over the world and interrupted air travel is a \"major black eye\" for cybersecurity firm CrowdStrike (NASDAQ:CRWD), Wedbush Securities said.In turn, it ...</p>\n\n<a href=\"https://seekingalpha.com/news/4125788-crowdstrike-outage-major-black-eye-others-may-take-advantage-wedbush\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","IE0008368304.USD":"STEWART INVESTORS WORLDWIDE LEADERS SUSTAINABILITY FUND \"I\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","IE00B894F039.SGD":"Legg Mason ClearBridge - 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Tactical Dividend Income A Mdis USD Plus","BK4532":"文艺复兴科技持仓","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4554":"元宇宙及AR概念","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc"},"source_url":"https://seekingalpha.com/news/4125788-crowdstrike-outage-major-black-eye-others-may-take-advantage-wedbush","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2452349422","content_text":"The global outage that took down computers all over the world and interrupted air travel is a \"major black eye\" for cybersecurity firm CrowdStrike (NASDAQ:CRWD), Wedbush Securities said.In turn, it could lead to an opportunity for competitors to take advantage, the research firm added.CrowdStrike shares were down 10% in premarket trading on Friday after the company said a fix was being deployed.\"This is clearly a major black eye for CrowdStrike and the stock will be under pressure after this global outage related to Microsoft has caused massive disruption globally,\" analyst Dan Ives wrote in an investor note. \"This is a technical update and importantly not a hack/cyber security threat which would be more worrying. CrowdStrike has a strong brand and global marketing presence which will need to go into next gear over the coming weeks and months to curtail some damage from this.\"While it will take some time for the issues to settle down, it does not change Wedbush's positive view of CrowdStrike or the broader cybersecurity industry, Ives added.Door open?While CrowdStrike's issue impacted global companies and customers, it could create an opportunity for other cybersecurity firms to take advantage, Ives posited.\"It could create opportunity for some competitive displacements but this will take time to determine the path of CIOs and companies looking ahead and related legal actions related to this outage,\" Ives explained.Ives did not name any specific cybersecurity companies he thought could take advantage. However, shares of competitors, such as Palo Alto Networks (PANW), Fortinet (FTNT) and a few others were higher in premarket trading.For Microsoft (NASDAQ:MSFT), which has also been at the heart of the story — given it impacted Windows machines — it is less of an issue, but still a \"PR nightmare\" for both companies, Ives said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":5,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}