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CrowdStrike IT outageTheStreet
•85% Informative
CrowdStrike 's faulty update crashed 8.5 million Microsoft Windows devices, resulting in thousands of canceled flights, outages for 911 services, and problems at health care facilities.
Microsoft said in a July 20 blogpost that the incident affected less than 1% of all Windows machines.
CrowdStrike shares tumbled 11% on Friday — less than one month after the company was listed on the S&P 500.
The firm also thinks customers will ask for bigger discounts on contract renewals and that CrowdStrike will likely need to offer customers some form of credit for the outage. BTIG said it has reduced its FY25 and FY26 ARR estimates by 1.7% and 2.8% respectively and now sees a balanced risk reward. Related: Veteran fund manager picks favorite stocks for 2024 .
VR Score
85
Informative language
83
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69
Article tone
formal
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English
Language complexity
55
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Attention-grabbing headline
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Time-value
short-lived
External references
15
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