Categories: Trending now

CrowdStrike stock price plummets amid worldwide IT outage

2024-07-20 15:20:01

The stock price of cybersecurity company CrowdStrike plummeted on Friday amid a global IT outage that has affected clients worldwide.

Shares were down 11% at the close of trading on Friday. That performance marked a slight recovery from the morning hours, when the stock price had fallen as much as about 15%. The stock ended the day at its lowest level since May.

“The issue has been identified, isolated and a fix has been deployed,” CrowdStrike CEO George Kurtz said in a post on X.

The outage affected CrowdStrike customers who use Windows products, Kurtz added.

Shares of Microsoft inched downward on Friday morning but did not experience the sell-off endured by CrowdStrike.

Long queues of passengers form at the check-in counters at Ninoy Aquino International Airport, amid a global IT disruption caused by a Microsoft outage and a Crowdstrike IT problem, on July 19, 2024 in Manila, Philippines.

Ezra Acayan/Getty Images

The outage hindered services at airlines in the U.S. to banks in Europe to a media company in Canada.

More than 2,500 flights were canceled in the U.S. on Friday, in part due to the outage. Alaska State Troopers confirmed 911 outages across the state. Several U.S. hospital systems were impacted, including medical facilities in Massachusetts, Cincinnati and Kentucky.

The New York Stock Exchange, however, carried out normal operations.

“NYSE markets are fully operational and we expect a normal open this morning,” a spokesperson said early Friday morning.

ABC News’ Ayesha Ali, Jenna Harrison Esseling, Josh Margolin, Zunaira Zaki and Taylor Dunn contributed to this report.

News Today

Share
Published by
News Today

Recent Posts

Kareena Kapoor’s Next Untitled Film With Meghna Gulzar Gets Prithviraj Sukumaran On Board

Kareena Kapoor is working with Raazi director Meghna Gulzar for her next film. The project,…

2 weeks ago

Purdue basketball freshman Daniel Jacobsen injured vs Northern Kentucky

2024-11-09 15:00:03 WEST LAFAYETTE -- Daniel Jacobsen's second game in Purdue basketball's starting lineup lasted…

2 weeks ago

Rashida Jones honors dad Quincy Jones with heartfelt tribute: ‘He was love’

2024-11-09 14:50:03 Rashida Jones is remembering her late father, famed music producer Quincy Jones, in…

2 weeks ago

Nosferatu Screening at Apollo Theatre Shows Student Interest in Experimental Cinema – The Oberlin Review

2024-11-09 14:40:03 A silent German expressionist film about vampires accompanied by Radiohead’s music — what…

2 weeks ago

What Are Adaptogens? Find Out How These 3 Herbs May Help You Tackle Stress Head-On

Let's face it - life can be downright stressful! With everything moving at breakneck speed,…

2 weeks ago

The new Mac Mini takes a small step towards upgradeable storage

Apple’s redesigned Mac Mini M4 has ditched the previous M2 machine’s SSD that was soldered…

2 weeks ago