Crowdstrike Security Wreck May Hurt Company For A Year, Analyst Says

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Crowdstrike Security Wreck May Hurt Company For A Year, Analyst Says - Benzinga

Quick Summary:

Needham analyst Mark Henderson said he expects the major error will negatively impact the company’s revenue and upsell as customers think twice about using CrowdStrike to protect their computers from cyberattacks.“We think the damage will manifest in hindered customer willingness to rely heavily on singular platforms, as that choice introduces concentration risk,” he wrote in a note on Tuesday.“We think the damage to Crowd’s reputation will fade over the next year, as will the impact to its market share.”

Needham still expects ...

CrowdStrike Holdings, Inc.’s (NASDAQ:CRWD) security calamity that disabled Microsoft Corp (NASDAQ:MSFT) computers at airports, banks and other places almost two weeks ago may hurt the company for the next year, according to an analyst.