Why investors see an opportunity in CrowdStrike shares
Tess BennettTechnology reporter
Australian stock pickers say a plunge in CrowdStrike’s shares after the cybersecurity software maker caused a global outage represents a buying opportunity, with slim cyber pickings – but some value – on the ASX.
A rogue software update put an end to a red-hot run for Crowdstrike on the Nasdaq, where its shares had doubled in the past 12 months. Its shares are down 11.6 per cent since the outage was triggered.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
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