Crowdstrike's valuation soared from $1 billion in 2017 to $70.66 billion by 2024, highlighting its dominance in the cybersecurity market amidst increasing digital threats.
The company's reputation is primarily built on its capability to identify advanced military and espionage hacker groups, despite facing significant challenges with a recent software update failure.
In July 2024, Crowdstrike experienced a major setback when flawed software updates caused global disruptions, affecting everything from airline flights to emergency services.
Following the software incident, Crowdstrike's stock plummeted from $398 to $208.10 in just four trading sessions, reflecting the investors' heightened focus on future performance.
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