CrowdStrike

CrowdStrike's Earnings Outlook Disappoints Investors, Shares Tumble

30 days ago

In a surprising turn of events, cybersecurity firm CrowdStrike Holdings, known for its advanced threat intelligence and endpoint protection services, has faced a significant setback following the release of its disappointing earnings outlook. The news rocked the company’s stock, leading to a notable decline in share prices as investors reacted to the sobering forecast.

Justice Department Probes $32 Million CrowdStrike Contract with Carahsoft

1 month ago

In a significant development that has raised eyebrows within both the tech and government sectors, the U.S. Department of Justice (DOJ) has initiated an investigation into a substantial $32 million contract between CrowdStrike Holdings Inc. and Carahsoft Technology Corp. The deal, which involves cybersecurity services and products, has come under scrutiny for potential irregularities. This investigation highlights growing concerns over the procurement practices in government contracting.

CrowdStrike Sees Stock Dip Following Underwhelming Earnings Forecast

4 months ago

In a notable turn of events, CrowdStrike Holdings Inc. experienced a significant drop in its stock price after releasing disappointing guidance for its upcoming earnings report. The cybersecurity firm, known for its innovative cloud-based solutions, has raised concerns among investors about its future profitability amidst a challenging market landscape.

CrowdStrike Executive Issues Apology to Congress Over Sweeping Outage

6 months ago

On September 24, 2024, in a high-stakes Congressional hearing, CrowdStrike's Chief Executive George Kurtz apologized for having allowed millions of users to be made vulnerable from its recent large-scale service outage. This cybersecurity firm provides endpoint security, threat intelligence, and cyber-attack response services and is under severe backlash after the incident occurred.