CONTACT: The Schall Law Firm Brian Schall, Esq.www.schallfirm.com Office: 310-301-3335info@schallfirm.com
SOURCE: The Schall Law Firm
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CrowdStrike Holdings, Inc. shares are trading lower on Wednesday.
The company has introduced AI Security Posture Management (AI-SPM) and announced the general availability of Data Security Posture Management (DSPM) as integrated features of CrowdStrike Falcon Cloud Security.
These advancements position Falcon Cloud Security as the sole CNAPP, providing comprehensive visibility and protection for cloud infrastructure, applications, data, and AI models from a single, unified platform.
New innovations to Falcon Cloud Security and Falcon Identity Protection include AI Security Posture Management, Data Security Posture Management, Falcon Privileged Access, and Real-Time Threat Protection for Microsoft Entra ID.
“As organizations increasingly adopt hybrid cloud and AI strategies to fuel their growth, they also introduce more complexity and gaps that adversaries exploit, leading to greater risk and potential compromise,” said Michael Sentonas, president, CrowdStrike.
Also Read: CrowdStrike Partners With Dazz To Streamline Cloud Security; Launches Financial Services Subsidiary
“The only way to see and secure every attack path is to unify workflows on a single console that stops breaches across the entire cloud estate,” Sentonas added.
Yesterday, the company disclosed a partnership with Dazz to strengthen visibility and protection within CrowdStrike Falcon Cloud Security by incorporating Dazz’s security remediation insights.
This integration provides developer and infrastructure teams with enhanced cloud security, offering actionable recommendations for code fixes and remediation.
Price Action: CRWD shares are trading lower by 0.42% to $267.58 at last check Wednesday.
Photo via Shutterstock
Read Next:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
In the past week, Alaska Air Group ALK gave a bullish outlook for the third quarter of 2024, mainly driven by the strong air-travel demand during summer. Delta Air Lines DAL expects the CrowdStrike CRWD-induced global IT outage on July 19 to hurt its third-quarter 2024 earnings by 45 cents per share.
American Airlines AAL received encouraging tidings on the labor front when the Association of Professional Flight Attendants announced that flight attendants of the airline have ratified a new five-year contract. Alaska Air’s $1.9 billion takeover of Hawaiian Holdings cleared the review of the Department of Transportation or DOT.
Recap of the Recent Most Important Stories
1. Driven by higher revenues during the summer and lower fuel costs, Alaska Air raised its third-quarter 2024 adjusted earnings per share guidance to the range of $2.15-$2.25 compared with the previous guidance of $1.40 to $1.60.
ALK now expects its third-quarter 2024 revenue per available seat mile (a key measure of unit revenues) to be up 2% on a year-over-year basis compared with the previous forecast of flat to positive. ALK now anticipates third-quarter 2024 economic fuel cost per gallon in the range of $2.60-$2.70 (prior view: $2.85-$2.95).
ALK currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
2. The global technology outage on July 19, caused by security software provider CrowdStrike’s software update, hit Delta Air Lines the hardest among the U.S. airlines. Following the faulty software update, DAL’s operations were crippled more than others due to its dependence on Microsoft systems for flight crew scheduling. As a result, approximately 7,000 DAL flights were canceled due to the outage, causing not only revenue loss but harassment to passengers.
Following the outage, DAL is now forecasting revenues to be flat or up no more than 1% for the quarter rather than up 2-4% as originally predicted. Capacity is now expected to increase approximately 4% (earlier guidance was for an increase in the 5-6% range). Non-fuel unit costs are now projected to increase 5.5% year over year (earlier guidance was for an increase in the 1-2% range). Full-year 2024 earnings per share are expected to be at or above the midpoint of the $6-$7 guided range (excluding the 45-cent impact from the IT outage on third-quarter earnings).
3. The ratification of the contract at AAL with flight attendants increased the value of the current agreement by $4.2 billion. With 95% of eligible flight attendants casting their votes, 87% of American Airlines flight attendants voted in favor of the contract, which takes effect from Oct. 1, 2024. American Airlines flight attendants become eligible for wage increases of up to 20.5% and substantial retroactive pay to compensate for the time spent negotiating.
AAL was also in the news recently due to its impending exit from the S&P 500 index. That news was covered in detail in the previous week’s write-up.
4. Alaska Air closed the deal of taking over Hawaiian Airlines after receiving clearance from the DOT. Receipt of clearance removes the final hurdle before the closure of the deal. DOT, however, stated that the airlines must maintain the value of their airline reward systems and preserve several key routes. Following the closure of the deal, Hawaiian Airlines serves as a wholly-owned subsidiary of ALK. Alaska Airhas formed an interim leadership team in Honolulu to oversee Hawaiian Airlines' operations until the two airlines are fully integrated.
Performance
The following table shows the price movement of the major airline players over the past week and during the last six months.
What’s Next in the Airline Space?
Following the closure of Alaska Air’s merger deal with Hawaiian Airlines, investors are waiting for details regarding the integration process. With buoyant air-travel demand, updates on route additions by airlines to match the demand swell cannot be ruled out.
Zacks Investment Research
Sept 18 (Reuters) - CrowdStrike Holdings Inc CRWD.O:
CROWDSTRIKE: INTRODUCES AI SECURITY POSTURE MANAGEMENT, ANNOUNCES GENERAL AVAILABILITY OF DATA SECURITY POSTURE MANAGEMENT
New York, New York--(Newsfile Corp. - September 18, 2024) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A common stock of CrowdStrike Holdings, Inc. (NASDAQ: CRWD) between November 29, 2023 and July 29, 2024, both dates inclusive (the "Class Period"), of the important September 30, 2024 lead plaintiff deadline.
SO WHAT: If you purchased CrowdStrike Class A common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the CrowdStrike class action, go to https://rosenlegal.com/submit-form/... or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 30, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) CrowdStrike had instituted deficient controls in its procedures for updating its Falcon software platform, and was not properly testing updates to Falcon before rolling them out to customers; (2) this inadequate software testing created a substantial risk that an update to Falcon could cause major outages for a significant number of the CrowdStrike's customers; and (3) such outages could pose, and in fact ultimately created, substantial reputational harm and legal risk to CrowdStrike. As a result of these materially false and misleading statements and omissions, CrowdStrike stock traded at artificially high prices during the Class Period. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the CrowdStrike class action, go to https://rosenlegal.com/submit-form/... or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
Contact Information:
Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223744
LOS ANGELES, CA / ACCESSWIRE / September 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against CrowdStrike Holdings, Inc. ("CrowdStrike" or "the Company") (NASDAQ:CRWD) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between November 29, 2023 and July 29, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before September 30, 2024.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. CrowdStrike failed to maintain appropriate control on its update procedure for the Falcon software platform and did not adequately test its updates before distributing them to customers. The Company's improper software testing created a risk of major outages for its customers. The eventual massive outage that did occur created reputational harm for the Company as well as legal risk. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about CrowdStrike, investors suffered damages.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT: The Schall Law Firm Brian Schall, Esq.www.schallfirm.com Office: 310-301-3335info@schallfirm.com
SOURCE: The Schall Law Firm
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