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US closes probe into 2024 Delta Air Lines meltdown sparked by CrowdStrike outage
Reuters50d agobearish
US closes probe into 2024 Delta Air Lines meltdown sparked by CrowdStrike outage

June 15 () - The Trump administration said on ‌Monday it had ‌closed an investigation, without seeking ​any penalties, into a July 2024 meltdown at Delta Air Lines ‌sparked by ⁠a global outage from CrowdStrike that ⁠disrupted the travel plans of 1. The Biden ​administration ​opened a ‌probe into the incident after other major carriers were able to resume normal operations much ‌faster.

Cramer drops rare message on 2 surging AI stocks and SpaceX
TheStreet57d agobearish
Cramer drops rare message on 2 surging AI stocks and SpaceX

You know that feeling when a friend aces every exam, lands a dream job offer, and somehow still can't catch a break? That's the market handing CrowdStrike Holdings (CRWD) and Broadcom Inc. (AVGO) their report cards right now. Both companies just delivered earnings that would make most CEOs weep ...

CrowdStrike Sinks 9% as Earnings Beat Falls Short of Lofty Expectations, Weighing on Palo Alto Networks
24/7 Wall St.62d agobearish
CrowdStrike Sinks 9% as Earnings Beat Falls Short of Lofty Expectations, Weighing on Palo Alto Networks

Shares of CrowdStrike (NASDAQ:CRWD) are down 8% in early Thursday trading, changing hands near $679 after Wednesday’s close of $747.61. The move marks the cybersecurity leader’s worst single-day drop in about 22 months, despite a fiscal Q1 2027 earnings beat and a raised outlook. Cybersecurity peer Palo Alto Networks (NASDAQ:PANW) is dipping modestly in sympathy, ... CrowdStrike Sinks 9% as Earnings Beat Falls Short of Lofty Expectations, Weighing on Palo Alto Networks

CrowdStrike drops as revenue growth fails to impress investors despite AI push
Reuters62d agobearish
CrowdStrike drops as revenue growth fails to impress investors despite AI push

CrowdStrike shares slid 11% in Thursday's premarket trading after the cybersecurity firm's annual recurring revenue (ARR) growth failed ‌to impress investors expecting a boost from AI investments. The stock ‌had rallied 60% in May. CrowdStrike's ARR grew 22% year-over-year to $4.44 billion, of which $193.8 million ​of net new ARR was added in the first quarter.