Shares of CrowdStrike (CRWD) are down about 10 % in early trading as Wedbush analysts say the major IT outage this morning around the world is “clearly a major black eye” for the company, while those of cybersecurity rivals SentinelOne (S) and Palo Alto Networks (PANW) are up 6% and 3%, respectively. KeyBanc analysts expect the global software outages to cause risk to CrowdStrike’s Q2 ending in July and sees win rates to potentially be impacted over the near to medium term, adding that the firm expects SentinelOne and Palo Alto to be “the biggest beneficiaries.”
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