Learn more

On July 19, cybersecurity giant CrowdStrike Holdings, Inc. (CRWD) triggered a major IT outage with a faulty software update, hitting devices running on Microsoft (MSFT) platforms worldwide. This fiasco erased nearly $50 billion from Microsoft’s market cap in a single day and sent the airline industry into chaos for several days. According to estimates by cloud insurance firm Parametrix, this global IT outage could lead to a staggering $5.4 billion in direct financial losses for Fortune 500 companies. But despite a few negative notes since the outage, CRWD still stands out as a top-rated stock …

cuu