Cloud Strike stock soared 20% in August
What is July 19 $CrowdStrike (CRWD.US)$ It was a fateful day for investors. The company released regular updates to its cybersecurity software, but a bug occurred in this update, and about 8.5 million Windows-based computers crashed. The failure cost Cloud Strike's largest customers (from airlines to banks) an estimated $5.4 billion.
By 8/2, CrowdStrike's stock price had crashed 36%, and the lowest price was 218 dollars. Investors were concerned that the accident would lead to an outflow of customers and a drastic decline in the company's earnings. However, stock prices rose 20% in August and rebounded throughout the month.
In the earnings announcement for the second quarter of the 2025 fiscal year (ending 7/31) announced on 8/28, CEO George Kurtz told investors that there is a high possibility that many of the contracts with customers scheduled in the future will not be canceled, but postponed.
1. Cloud Strike continues to be a leader in cybersecurity
2. Cloud Strike surpasses expectations in second quarter sales
There is a possibility that the stock price of Cloud Strike will continue to rise in September![]()
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