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GEDILLON

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- GEDILLONGEDILLON
  ·10-23
  A feel good day for me. Holding prior to this as my estimates had them way undervalued. More upside than TSLA...LOL.
  GM Stock Is Having Its Best Post-Earnings Day. Shares Are Still Too Cheap
  $General Motors(GM)$ delivered the kind of quarter investors wanted. Now it is up to investors to evaluate GM stock’s valuation multiple.GM reported third-quarter earnings per share of $2.96 and an op
  GM Stock Is Having Its Best Post-Earnings Day. Shares Are Still Too Cheap
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- GEDILLONGEDILLON
  ·08-01
  Sold out of CRWD late last year because I saw the risk of a miss-step, weighted against it being overpriced back then. Common sence tells you this is a risky business, either from the inside through error or cyber attack from the outside. Could drop back to my target price now this is playing out. Time will tell.
  CrowdStrike Is Sued by Shareholders over Huge Software Outage
  By Jonathan Stempel July 31 (Reuters) - CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could caus
  CrowdStrike Is Sued by Shareholders over Huge Software Outage
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- GEDILLONGEDILLON
  ·04-30
  $SPDR S&P 500 ETF Trust(SPY)$ waited all year for the pullback / reversal ...looking good.
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Holding prior to this as my estimates had them way undervalued. More upside than TSLA...LOL.","listText":"A feel good day for me. Holding prior to this as my estimates had them way undervalued. More upside than TSLA...LOL.","text":"A feel good day for me. Holding prior to this as my estimates had them way undervalued. More upside than TSLA...LOL.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/362973853212704","repostId":"1195869952","repostType":2,"repost":{"id":"1195869952","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1729649115,"share":"https://ttm.financial/m/news/1195869952?lang=&edition=fundamental","pubTime":"2024-10-23 10:05","market":"us","language":"en","title":"GM Stock Is Having Its Best Post-Earnings Day. Shares Are Still Too Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1195869952","media":"Dow Jones","summary":"$General Motors(GM)$ delivered the kind of quarter investors wanted. Now it is up to investors to evaluate GM stock’s valuation multiple.GM reported third-quarter earnings per share of $2.96 and an op","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/GM\">General Motors</a> delivered the kind of quarter investors wanted. Now it is up to investors to evaluate GM stock’s valuation multiple.</p><p>GM reported third-quarter earnings per share of $2.96 and an operating profit of $4.1 billion from sales of $48.8 billion. Wall Street was looking for EPS of $2.38 and an operating profit of $3.3 billion from sales of $44.7 billion, according to FactSet.</p><p>A year ago, GM reported EPS of $2.28 and an operating profit of $3.6 billion from sales of $44.1 billion.</p><p>GM stock added 9.8% on Tuesday, closing at $53.73 a share, marking its best post-earnings performance on record.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b6cfa994754c0ae168ab80148cfddff3\" tg-width=\"560\" tg-height=\"240\"/></p><p>“We grew U.S. retail market share with above-average pricing, well-managed inventories, and below-average incentives,” said CEO Mary Barra in her quarterly letter to shareholders, adding GM was also on track to meet 2024 targets for electric-vehicle production and profitability.</p><p>GM still expects to manufacture about 200,000 EVs in 2024. Through the end of September, it sold about 70,000 EVs in the U.S. EV production and sales don’t match exactly. GM also sells EVs in Canada.</p><p>“I’m proud that GM is delivering our best vehicles ever with strong financial results. But I want to be clear that we are not mistaking progress for winning. Competition is fierce, and the regulatory environment will keep getting tougher,” wrote Barra. She is focused on improving profit margins in the traditional business while making EVs profitable on an operating-profit basis “as quickly as possible.”</p><p>Along with a solid quarter, GM increased its full-year financial guidance. Management now expects to generate between $14 billion and $15 billion in 2024 operating profit, up from a prior range of $13 billion to $15 billion. Through September, GM had generated $12.4 billion. Wall Street currently projects a fourth-quarter operating profit of $2.4 billion.</p><p>GM also increased its forecast for free cash flow. The midpoint of its range of forecasts is now $13 billion, up from prior guidance of $10.5 billion. A strong third-quarter free cash flow of $5.8 billion drove the increase. Wall Street was projecting a free cash flow of $3 billion for the quarter.</p><p>Wolfe Research analyst Emmanuel Rosner wrote in a preview report that GM’s guidance looked conservative and that the second-half numbers could turn out to be better than expected. He was right. Rosner still rates the company at Hold with no target for the stock price. Slowing sales growth and falling new car prices are weighing on investor sentiment.</p><p>BNP Paribas analyst James Picariello called the quarter strong amid a “choppy demand and pricing” environment. He rates share Buy and has a $59 price target.</p><p>Slowing demand growth and falling new-car pricing are still headwinds for the company. They are two reasons that GM shares trade for about five times estimated 2025 earnings, the low end of GM’s historical trading range, according to Rosner. Historically, GM shares trade for closer to six or seven times next year’s earnings.</p><p>Shares could move back to that range based on the strength of GM results, even if the car business still has its hurdles.</p><p>Options markets imply GM stock will move about 5% up or down following earnings. Shares have moved about 5.5% up or down following the past four quarterly reports. GM stock has moved up twice and down twice over that span.</p><p>Coming into Tuesday’s trading, GM shares were up about 36% year to date. That is much better than Ford Motor shares, which were down about 11%.</p><p>The biggest difference between the two might be share repurchases. GM has bought back some $16 billion worth of stock in the past few months, significant for a company with a market value of about $55 billion.</p></body></html>","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>GM Stock Is Having Its Best Post-Earnings Day. Shares Are Still Too Cheap</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\">\nGM Stock Is Having Its Best Post-Earnings Day. Shares Are Still Too Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-23 10:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/GM\">General Motors</a> delivered the kind of quarter investors wanted. Now it is up to investors to evaluate GM stock’s valuation multiple.</p><p>GM reported third-quarter earnings per share of $2.96 and an operating profit of $4.1 billion from sales of $48.8 billion. Wall Street was looking for EPS of $2.38 and an operating profit of $3.3 billion from sales of $44.7 billion, according to FactSet.</p><p>A year ago, GM reported EPS of $2.28 and an operating profit of $3.6 billion from sales of $44.1 billion.</p><p>GM stock added 9.8% on Tuesday, closing at $53.73 a share, marking its best post-earnings performance on record.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b6cfa994754c0ae168ab80148cfddff3\" tg-width=\"560\" tg-height=\"240\"/></p><p>“We grew U.S. retail market share with above-average pricing, well-managed inventories, and below-average incentives,” said CEO Mary Barra in her quarterly letter to shareholders, adding GM was also on track to meet 2024 targets for electric-vehicle production and profitability.</p><p>GM still expects to manufacture about 200,000 EVs in 2024. Through the end of September, it sold about 70,000 EVs in the U.S. EV production and sales don’t match exactly. GM also sells EVs in Canada.</p><p>“I’m proud that GM is delivering our best vehicles ever with strong financial results. But I want to be clear that we are not mistaking progress for winning. Competition is fierce, and the regulatory environment will keep getting tougher,” wrote Barra. She is focused on improving profit margins in the traditional business while making EVs profitable on an operating-profit basis “as quickly as possible.”</p><p>Along with a solid quarter, GM increased its full-year financial guidance. Management now expects to generate between $14 billion and $15 billion in 2024 operating profit, up from a prior range of $13 billion to $15 billion. Through September, GM had generated $12.4 billion. Wall Street currently projects a fourth-quarter operating profit of $2.4 billion.</p><p>GM also increased its forecast for free cash flow. The midpoint of its range of forecasts is now $13 billion, up from prior guidance of $10.5 billion. A strong third-quarter free cash flow of $5.8 billion drove the increase. Wall Street was projecting a free cash flow of $3 billion for the quarter.</p><p>Wolfe Research analyst Emmanuel Rosner wrote in a preview report that GM’s guidance looked conservative and that the second-half numbers could turn out to be better than expected. He was right. Rosner still rates the company at Hold with no target for the stock price. Slowing sales growth and falling new car prices are weighing on investor sentiment.</p><p>BNP Paribas analyst James Picariello called the quarter strong amid a “choppy demand and pricing” environment. He rates share Buy and has a $59 price target.</p><p>Slowing demand growth and falling new-car pricing are still headwinds for the company. They are two reasons that GM shares trade for about five times estimated 2025 earnings, the low end of GM’s historical trading range, according to Rosner. Historically, GM shares trade for closer to six or seven times next year’s earnings.</p><p>Shares could move back to that range based on the strength of GM results, even if the car business still has its hurdles.</p><p>Options markets imply GM stock will move about 5% up or down following earnings. Shares have moved about 5.5% up or down following the past four quarterly reports. GM stock has moved up twice and down twice over that span.</p><p>Coming into Tuesday’s trading, GM shares were up about 36% year to date. That is much better than Ford Motor shares, which were down about 11%.</p><p>The biggest difference between the two might be share repurchases. GM has bought back some $16 billion worth of stock in the past few months, significant for a company with a market value of about $55 billion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195869952","content_text":"General Motors delivered the kind of quarter investors wanted. Now it is up to investors to evaluate GM stock’s valuation multiple.GM reported third-quarter earnings per share of $2.96 and an operating profit of $4.1 billion from sales of $48.8 billion. Wall Street was looking for EPS of $2.38 and an operating profit of $3.3 billion from sales of $44.7 billion, according to FactSet.A year ago, GM reported EPS of $2.28 and an operating profit of $3.6 billion from sales of $44.1 billion.GM stock added 9.8% on Tuesday, closing at $53.73 a share, marking its best post-earnings performance on record.“We grew U.S. retail market share with above-average pricing, well-managed inventories, and below-average incentives,” said CEO Mary Barra in her quarterly letter to shareholders, adding GM was also on track to meet 2024 targets for electric-vehicle production and profitability.GM still expects to manufacture about 200,000 EVs in 2024. Through the end of September, it sold about 70,000 EVs in the U.S. EV production and sales don’t match exactly. GM also sells EVs in Canada.“I’m proud that GM is delivering our best vehicles ever with strong financial results. But I want to be clear that we are not mistaking progress for winning. Competition is fierce, and the regulatory environment will keep getting tougher,” wrote Barra. She is focused on improving profit margins in the traditional business while making EVs profitable on an operating-profit basis “as quickly as possible.”Along with a solid quarter, GM increased its full-year financial guidance. Management now expects to generate between $14 billion and $15 billion in 2024 operating profit, up from a prior range of $13 billion to $15 billion. Through September, GM had generated $12.4 billion. Wall Street currently projects a fourth-quarter operating profit of $2.4 billion.GM also increased its forecast for free cash flow. The midpoint of its range of forecasts is now $13 billion, up from prior guidance of $10.5 billion. A strong third-quarter free cash flow of $5.8 billion drove the increase. Wall Street was projecting a free cash flow of $3 billion for the quarter.Wolfe Research analyst Emmanuel Rosner wrote in a preview report that GM’s guidance looked conservative and that the second-half numbers could turn out to be better than expected. He was right. Rosner still rates the company at Hold with no target for the stock price. Slowing sales growth and falling new car prices are weighing on investor sentiment.BNP Paribas analyst James Picariello called the quarter strong amid a “choppy demand and pricing” environment. He rates share Buy and has a $59 price target.Slowing demand growth and falling new-car pricing are still headwinds for the company. They are two reasons that GM shares trade for about five times estimated 2025 earnings, the low end of GM’s historical trading range, according to Rosner. Historically, GM shares trade for closer to six or seven times next year’s earnings.Shares could move back to that range based on the strength of GM results, even if the car business still has its hurdles.Options markets imply GM stock will move about 5% up or down following earnings. Shares have moved about 5.5% up or down following the past four quarterly reports. GM stock has moved up twice and down twice over that span.Coming into Tuesday’s trading, GM shares were up about 36% year to date. That is much better than Ford Motor shares, which were down about 11%.The biggest difference between the two might be share repurchases. GM has bought back some $16 billion worth of stock in the past few months, significant for a company with a market value of about $55 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":333609457823760,"gmtCreate":1722492649725,"gmtModify":1722497939096,"author":{"id":"4177197537590782","authorId":"4177197537590782","name":"GEDILLON","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4177197537590782","authorIdStr":"4177197537590782"},"themes":[],"htmlText":"Sold out of CRWD late last year because I saw the risk of a miss-step, weighted against it being overpriced back then. Common sence tells you this is a risky business, either from the inside through error&nbsp;or cyber attack from the outside. Could drop back to my target price now this is playing out. Time will tell.","listText":"Sold out of CRWD late last year because I saw the risk of a miss-step, weighted against it being overpriced back then. Common sence tells you this is a risky business, either from the inside through error&nbsp;or cyber attack from the outside. Could drop back to my target price now this is playing out. Time will tell.","text":"Sold out of CRWD late last year because I saw the risk of a miss-step, weighted against it being overpriced back then. Common sence tells you this is a risky business, either from the inside through error or cyber attack from the outside. Could drop back to my target price now this is playing out. Time will tell.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/333609457823760","repostId":"2456196031","repostType":2,"repost":{"id":"2456196031","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1722488791,"share":"https://ttm.financial/m/news/2456196031?lang=&edition=fundamental","pubTime":"2024-08-01 13:06","market":"us","language":"en","title":"CrowdStrike Is Sued by Shareholders over Huge Software Outage","url":"https://stock-news.laohu8.com/highlight/detail?id=2456196031","media":"Reuters","summary":"By Jonathan Stempel      July 31 (Reuters) - CrowdStrike    has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could caus","content":"<html><head></head><body><p>July 31 (Reuters) - CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more than 8 million computers.</p><p>In a proposed class action filed on Tuesday night in the Austin, Texas federal court, shareholders said they learned that CrowdStrike&#39;s assurances about its technology were materially false and misleading when a flawed software update disrupted airlines, banks, hospitals and emergency lines around the world.</p><p>They said CrowdStrike&#39;s share price fell 32% over the next 12 days, wiping out $25 billion of market value, as the outage&#39;s effects became known, Chief Executive George Kurtz was called to testify to the U.S. Congress, and Delta Air Lines reportedly hired prominent lawyer David Boies to seek damages.</p><p>The complaint cites statements including from a March 5 conference call where Kurtz characterized CrowdStrike&#39;s software as &#34;validated, tested and certified.&#34;</p><p>In a statement on Wednesday, Austin-based CrowdStrike said: &#34;We believe this case lacks merit and we will vigorously defend the company,&#34; Kurtz and Chief Financial Officer Burt Podbere are also defendants.</p><p>The lawsuit led by the Plymouth County Retirement Association of Plymouth, Massachusetts, seeks unspecified damages for holders of CrowdStrike Class A shares between Nov. 29, 2023 and July 29, 2024.</p><p>Shareholders often sue companies after unexpected negative news causes stock prices to fall, and CrowdStrike could face more lawsuits.</p><p>Delta Chief Executive Ed Bastian told CNBC on Wednesday that the outage cost his airline $500 million, including lost revenue and compensation and hotels for stranded fliers.</p><p>CrowdStrike shares closed on Wednesday down $1.69 at $231.96. They closed at $343.05 on the day before the outage.</p><p>The case is Plymouth County Retirement Association v CrowdStrike Inc et al, U.S. District Court, Western District of Texas, No. 24-00857.</p></body></html>","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 Is Sued by Shareholders over Huge Software Outage</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; 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}\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 Is Sued by Shareholders over Huge Software Outage\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-08-01 13:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>July 31 (Reuters) - CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more than 8 million computers.</p><p>In a proposed class action filed on Tuesday night in the Austin, Texas federal court, shareholders said they learned that CrowdStrike&#39;s assurances about its technology were materially false and misleading when a flawed software update disrupted airlines, banks, hospitals and emergency lines around the world.</p><p>They said CrowdStrike&#39;s share price fell 32% over the next 12 days, wiping out $25 billion of market value, as the outage&#39;s effects became known, Chief Executive George Kurtz was called to testify to the U.S. Congress, and Delta Air Lines reportedly hired prominent lawyer David Boies to seek damages.</p><p>The complaint cites statements including from a March 5 conference call where Kurtz characterized CrowdStrike&#39;s software as &#34;validated, tested and certified.&#34;</p><p>In a statement on Wednesday, Austin-based CrowdStrike said: &#34;We believe this case lacks merit and we will vigorously defend the company,&#34; Kurtz and Chief Financial Officer Burt Podbere are also defendants.</p><p>The lawsuit led by the Plymouth County Retirement Association of Plymouth, Massachusetts, seeks unspecified damages for holders of CrowdStrike Class A shares between Nov. 29, 2023 and July 29, 2024.</p><p>Shareholders often sue companies after unexpected negative news causes stock prices to fall, and CrowdStrike could face more lawsuits.</p><p>Delta Chief Executive Ed Bastian told CNBC on Wednesday that the outage cost his airline $500 million, including lost revenue and compensation and hotels for stranded fliers.</p><p>CrowdStrike shares closed on Wednesday down $1.69 at $231.96. They closed at $343.05 on the day before the outage.</p><p>The case is Plymouth County Retirement Association v CrowdStrike Inc et al, U.S. District Court, Western District of Texas, No. 24-00857.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","BK4551":"寇图资本持仓","LU2433249047.HKD":"THEMATICS META \"R/A\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","BK4097":"系统软件","BK4560":"网络安全概念","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","CRWD":"CrowdStrike Holdings, Inc.","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU1923622291.USD":"Natixis Thematics Safety R/A USD","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4528":"SaaS概念","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","BK4532":"文艺复兴科技持仓","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","BK4008":"航空公司","BK4585":"ETF&股票定投概念","BK4500":"航空公司","BK4588":"碎股","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","DAL":"达美航空","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","IE00BZ9MQY76.HKD":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) ACC"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2456196031","content_text":"July 31 (Reuters) - CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more than 8 million computers.In a proposed class action filed on Tuesday night in the Austin, Texas federal court, shareholders said they learned that CrowdStrike's assurances about its technology were materially false and misleading when a flawed software update disrupted airlines, banks, hospitals and emergency lines around the world.They said CrowdStrike's share price fell 32% over the next 12 days, wiping out $25 billion of market value, as the outage's effects became known, Chief Executive George Kurtz was called to testify to the U.S. Congress, and Delta Air Lines reportedly hired prominent lawyer David Boies to seek damages.The complaint cites statements including from a March 5 conference call where Kurtz characterized CrowdStrike's software as \"validated, tested and certified.\"In a statement on Wednesday, Austin-based CrowdStrike said: \"We believe this case lacks merit and we will vigorously defend the company,\" Kurtz and Chief Financial Officer Burt Podbere are also defendants.The lawsuit led by the Plymouth County Retirement Association of Plymouth, Massachusetts, seeks unspecified damages for holders of CrowdStrike Class A shares between Nov. 29, 2023 and July 29, 2024.Shareholders often sue companies after unexpected negative news causes stock prices to fall, and CrowdStrike could face more lawsuits.Delta Chief Executive Ed Bastian told CNBC on Wednesday that the outage cost his airline $500 million, including lost revenue and compensation and hotels for stranded fliers.CrowdStrike shares closed on Wednesday down $1.69 at $231.96. They closed at $343.05 on the day before the outage.The case is Plymouth County Retirement Association v CrowdStrike Inc et al, U.S. District Court, Western District of Texas, No. 24-00857.","news_type":1},"isVote":1,"tweetType":1,"viewCount":546,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000140","authorId":"9000000000000140","name":"happygo","avatar":"https://static.tigerbbs.com/f63b3c9844fec1361496f60171c10016","crmLevel":1,"crmLevelSwitch":0,"idStr":"9000000000000140","authorIdStr":"9000000000000140"},"content":"Hold it for long term, they will get through it. Best Cyber Security Company out there but it will take time for them to regain customer's confidence and reassurance.","text":"Hold it for long term, they will get through it. Best Cyber Security Company out there but it will take time for them to regain customer's confidence and reassurance.","html":"Hold it for long term, they will get through it. Best Cyber Security Company out there but it will take time for them to regain customer's confidence and reassurance."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":300849841197168,"gmtCreate":1714469173106,"gmtModify":1714469645423,"author":{"id":"4177197537590782","authorId":"4177197537590782","name":"GEDILLON","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4177197537590782","authorIdStr":"4177197537590782"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$ </a> waited all year for the pullback / reversal ...looking good.","listText":"<a href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$ </a> waited all year for the pullback / reversal ...looking good.","text":"$SPDR S&P 500 ETF Trust(SPY)$ waited all year for the pullback / reversal ...looking good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/300849841197168","isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581998697787969","authorId":"3581998697787969","name":"AllwedoisOptionsNwinMoney","avatar":"https://community-static.tradeup.com/news/7b4a81496499e9f26603567a0b480f3a","crmLevel":9,"crmLevelSwitch":1,"idStr":"3581998697787969","authorIdStr":"3581998697787969"},"content":"dont loose your pants betting against the Fed","text":"dont loose your pants betting against the Fed","html":"dont loose your pants betting against the Fed"}],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}