if you think it's a dead cat bounce and the medium term for crowdstrike is gloomy, then your call should be a sell , why is it a hold ?
CrowdStrike May Keep Falling From Here
As we know, a simple update glitch in CrowdStrike's Falcon Sensor cybersecurity platform resulted in the "blue screen of death" for many Microsoft's Windows systems and disrupted access to Microsoft 365 services globally, causing delayed flights and other disruptions around the globe. While CrowdStrike's CEO immediately clarified that the problem "wasn't a security incident but a defect in an update, which has been fixed", this comment doesn't change a) the awareness of the risks of instability in large tech companies' relationships with their counterparties and b) the consequences of litigation for CRWD and the ongoing reputational damage. As the Seeking Alpha News team reported recently, Delta Air Lines , whose operations were "severely impacted for several days due to the outage", hired renowned attorney David Boies from Boies Schiller Flexner to seek damages from CrowdStrike. Wall Street analysts estimated the disruption could cost Delta up to $500 million, or $0.60 per share, for
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