Crowdstrike stock?

[LivingAlmostLarge]

After what happened could they go bankrupt? Yes it wasn't a security problem but I wonder if they can get new clients who trust them?

[kork13]

No, not unless a concerted effort was made to drive them out of business. The company is still perfectly functional & capable. From what I've read, the failure had to do with the method that they use for disseminating their automatic security updates. As you said, no malicious actor, no security vulnerability, just a bad system update. Fix that process to be less critical-adjacent, and their products & systems still do the job well.

[ua_guy]

It was an oops, but, that won't stop the lawsuits from piling on. Affected companies will want to recover their losses as a result of Crowdstrike's mistake. I think that poses the greatest risk/uncertainty for them going forward.

[myrdale]

Personally I am amazed it doesn't happen more often.

I am sure there will be lawsuits, but I would assume their end user agreements protect them from any damages caused by their software. Yes their stock took a hit, but that will come back up. I don't think personally they are bankrupt.

[QuarterMillionMan]

[QuarterMillionMan]

Lost $200 in a day on CRWD. I should have waited to buy it late in the day.

[disneysteve]

Lost $200 in a day on CRWD. I should have waited to buy it late in the day.

Or you could have gained $200. There's never any way to know. And you could have grabbed a falling knife. Time will tell. Looking at the short term moves of a company tells you nothing. Stock investing is a long-term proposition. If you think the stock will grow over the next 3 or 5 or 10 or 20 years, that's the time to buy it. What it does today or tomorrow or the next day really doesn't matter.

[myrdale]

Lost $200 in a day on CRWD. I should have waited to buy it late in the day.

I fall into the camp of you can't time the market.

My assumption is it will go down some more and then level out. If I was playing around with it that is when I'd buy. It will go up... most likely... or maybe they go bust! You just don't know.

[QuarterMillionMan]

For the past month w/CRWD, I was down maybe $1000. Today I'm making out a small profit. I think I'll let ride and see where it goes from here.

[QuarterMillionMan]

I got out of CRWD today with a $200 profit. At the low point I was losing $1000, so I'm glad to have made a small profit.

[QuarterMillionMan]

CRWD closed today at $314. Had I held on to it maybe another $400 in gains I would have made but after losing $1000 immediately after buying it I was happy to scathe with a $200 profit.

[ua_guy]

Seems CRWD's contracts are shielding them from most of the liability of loss suffered during the outage? I suspect aggressive dealmaking on their renewals is locking up their existing customer base and will ultimately preserve a good share price and growth over the long haul... this might have been one to keep for a longer term investment?

[anhtuvp]

I think it’s definitely a possibility. Trust is a huge factor for clients, especially after something like this. If they can’t rebuild that trust quickly, it might be hard for them to attract new business. They’ll need to show they’re taking serious steps to improve and maybe even get some positive endorsements to win people back.