CRWD Stock Recent News

Delta Airlines (DAL) is suing cybersecurity company Crowdstrike Inc. (CRWD) over a faulty software update in July that brought its operations to a halt and affected more than a million customers.

This cybersecurity giant should continue to reward shareholders.

The July 19 incident led to worldwide flight cancellations and hit industries around the globe including banks, health care, media companies and hotel chains.

Delta is asking for damages to cover over $500 million in losses, along with litigation costs and punitive damages, after an IT outage involving CrowdStrike's security software. The airline, which canceled thousands of flights, said CrowdStrike's software flaws reached its computers even though it had disabled automatic updates.

Delta Air Lines on Friday sued CrowdStrike in a Georgia state court after a global outage in July caused mass flight cancellations, disrupted travel plans of 1.3 million customers and cost the carrier more than $500 million.

CrowdStrike rebounded 24% since July 19, driven by strong demand for its AI-powered cybersecurity solutions. CRWD's TAM is projected to grow from $100 billion in 2024 to $225 billion by 2028. Over 65% of CrowdStrike's clients now use five or more modules, enhancing customer retention and recurring revenue.

Delta Air Lines reported the highest net income among U.S. airlines in Q3 2024, despite operational disruptions from a CrowdStrike software update in July. Delta's strong brand equity and quick recovery from the CRWD event highlight its resilience and ability to maintain operational reliability and customer loyalty. Delta leads in labor cost management, having already absorbed significant increases, positioning it better than competitors who still face rising labor expenses.

CrowdStrike, Meta Platforms, and dLocal look like winning investments for 2025.

When it comes to gaining exposure to a stock's price move in the future, most investors think of only buying the stock to enjoy the ride. However, there are more ways than one.

AUSTIN, Texas--(BUSINESS WIRE)--CrowdStrike (NASDAQ: CRWD) and Omnissa, a leading digital work platform company, today announced a collaboration to deliver real-time threat detection and automated remediation for Virtual Desktop Infrastructure (VDI) and physical desktop environments while improving customers' digital work experience and productivity. IT teams are challenged to manage both the complexity of hybrid work and employee expectations for a customized work experience. Millions of devic.