CrowdStrike’s stock falls further as it draws downgrades in wake of incident

CrowdStrike Holdings Inc. shares continued to decline on Monday due to ongoing disruptions caused by a faulty software update, which affected global technology systems.

The stock fell 9% in the morning following an 11% drop on Friday.

Analysts, including Guggenheim’s John DiFucci and BTIG’s Gray Powell, downgraded the stock, citing potential long-term impacts on the company’s reputation and new business prospects, MarketWatch has reported.

read more: https://www.marketwatch.com/story/crowdstrikes-stock-extends-declines-as-it-draws-a-downgrade-in-wake-of-incident-06b13093?mod=home-page

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