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Shares of CrowdStrike are lower in premarket trading after several Wall Street analysts revised their ratings and lowered price targets. These actions come as analysts attempt to assess the impact of a global IT outage that crippled millions of computers, grounded flights, disrupted banks, and even delayed the opening of the London Stock Exchange last Friday.

CrowdStrike's update, which began impacting IT systems globally early Friday, was a memorable day, especially the 'blue screen of death.'

As many noted on X, Friday's global IT disruption felt like 'Y2K' had happened this time.

Now that the cyber security firm's reputation is at stake, analysts, such as those from Guggenheim Securities, have cut their rating on the stock from 'Buy' to 'Neutral' because the incident will jeopardize current deals in the company's pipeline as customers contemplate using threat protection software from rivals...

To read more visit Zero Hedge.

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