News on Medial

CrowdStrike’s big mystery: How bad, and for how long?

Livemint · 8m

CrowdStrike, a prominent cybersecurity provider, will release its fiscal second-quarter report tomorrow. The report follows a global outage caused by a minor software update, which affected various sectors. CrowdStrike's response to the incident was well-received, but the impact on its business remains unknown. Investors will closely monitor metrics like annual recurring revenue and remaining performance obligations. Analysts expect weaker year-over-year growth in net new ARR, potentially indicating a deviation from the company's typical double-digit growth trend. The stock lost value following the outage but has since made a partial recovery. Analysts have mixed opinions on the potential long-term impact.