Delta CEO: CrowdStrike Compensation From IT Outage Still On Table

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Delta CEO: CrowdStrike Compensation From IT Outage Still On Table

Blockhead2024-10-10

Delta Airlines (DAL) on Thursday said it still plans to seek compensation from CrowdStrike Holdings (CRWD) over an IT outage in July. CrowdStrike stock has gained 16% in 2024, rebounding somewhat from...

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JacDragon
·2024-10-10
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CrowdStrike stock has gained 16% in 2024, rebounding somewhat from...</p>\n\n<a href=\"https://www.investors.com/news/technology/crowdstrike-stock-crwd-delta-ceo-compensation-it-outage/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Delta CEO: CrowdStrike Compensation From IT Outage Still On Table</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDelta CEO: CrowdStrike Compensation From IT Outage Still On Table\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-10 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/technology/crowdstrike-stock-crwd-delta-ceo-compensation-it-outage/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Delta Airlines (DAL) on Thursday said it still plans to seek compensation from CrowdStrike Holdings (CRWD) over an IT outage in July. CrowdStrike stock has gained 16% in 2024, rebounding somewhat from...</p>\n\n<a href=\"https://www.investors.com/news/technology/crowdstrike-stock-crwd-delta-ceo-compensation-it-outage/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2125909916.SGD","symbol_name":"Natixis Thematics Safety R/A SGD","start_time":0,"source_url":"https://www.investors.com/news/technology/crowdstrike-stock-crwd-delta-ceo-compensation-it-outage/","article_id":"2474462767","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2019/07/stock-CrowdStrike-01-shutter-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474462767","pubTimestamp":1728566256,"columns":[],"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Delta Airlines on Thursday said it still plans to seek compensation from cybersecurity firm CrowdStrike over an IT outage in July.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","BK4527":"明星科技股","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","BK4581":"高盛持仓","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4554":"元宇宙及AR概念","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","BK4528":"SaaS概念","BK4525":"远程办公概念","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","BK4585":"ETF&股票定投概念","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","BK4579":"人工智能","BK4551":"寇图资本持仓","BK4535":"淡马锡持仓","PANW":"Palo Alto Networks","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1548497426.USD":"安联环球人工智能AT Acc","CRWD":"CrowdStrike Holdings, Inc.","BK4097":"系统软件","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","BK4532":"文艺复兴科技持仓","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","BK4587":"ChatGPT概念","BK4560":"网络安全概念","BK4538":"云计算","BK4576":"AR","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","S":"SentinelOne, Inc","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","ZS":"Zscaler Inc.","DAL":"达美航空","BK4550":"红杉资本持仓","BK4588":"碎股","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","LU2433249047.HKD":"THEMATICS META \"R/A\" (HKD) ACC","LU1923622614.USD":"Natixis Thematics Meta R/A USD","MSFT":"微软","ARR":"ARMOUR住宅房地产公司","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","DAL.AU":"DALAROO METALS LTD","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","ARR.AU":"American Rare Earths Ltd"},"translate_title":"达美航空首席执行官：IT中断造成的CrowdStrike赔偿仍在讨论中","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARR.AU":1,"ZS":1,"S":1,"PANW":1,"DAL.AU":1,"DAL":1,"CRWD":1,"ARR":1,"MSFT":0.7},"content_text":"Delta Airlines (DAL) on Thursday said it still plans to seek compensation from CrowdStrike Holdings (CRWD) over an IT outage in July. CrowdStrike stock has gained 16% in 2024, rebounding somewhat from a big sell-off after the IT outage, caused by a faulty software update.\nOn the stock market today, CrowdStrike stock fell a fraction to 295.57. Delta reported third quarter earnings before the market open.\n\n\n\n↑\nX\n\n\n\n\nHow To Buy Stocks: IBD's Four Pillars Of Investing\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nHow To Buy Stocks: IBD's Four Pillars Of Investing\n\n\n\n\nFurther, in Q3, Delta took a one-time 45-cent hit to earnings tied to the IT outage. Also, Delta has claimed it suffered a $380 million revenue hit.\nDelta has threatened both CrowdStrike and Microsoft (MSFT) with lawsuits.\n\"The havoc that was created deserves, in my opinion, to be fully compensated for,\" Delta Chief Executive Bastian told CNBC. \"This matter is now in the hands of our attorneys. We hope that we'll see a resolution but we keep all of our options open.\"\nIn August, Delta hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft. Delta canceled more than 5,000 mainline flights over several days, far more than rivals.\nMicrosoft 'Kernel' Involved In IT Outage\nCrowdStrike's software update required access to Microsoft's operating system. The heart of the Microsoft Windows software are known as the \"kernel.\"\nAmid the IT outage, Microsoft and CrowdStrike continue to have close ties.\nMicrosoft Chief Executive Satya Nadella took part in a CrowdStrike customer conference in early September. Over the next two years, Microsoft plans changes to the Windows kernel system. But, Microsoft will still grant CrowdStrike and other cybersecurity firms access to the kernel software layer.\nTD Cowen analyst Shaul Eyal in a recent report noted that if Microsoft restricted access to the kernel layer, it could face U.S. government anti-trust action. That's because Microsoft sell cybersecurity products itself and could have a competitive advantage from restricting access.\nA 2009 European Union decision required Microsoft to allow 3rd-party vendors access to its software kernel.\nCrowdStrike Stock Competition\nAt a private Windows Endpoint Security Ecosystem summit in Redmond, Wash. on Sept. 10, Microsoft also updated its plans to make software changes, analysts said.\nFurther, CrowdStrike competes with Palo Alto Networks (PANW), SentinelOne (S)and others in the \"endpoint\" market. Endpoint security tools detect malware on laptops, mobile phones and other devices that access corporate networks.\nAlso, CrowdStrike is building a broad, threat-detection cybersecurity platform called XDR, or extended detection and response. It monitors endpoints as well as web/email gateways, web application firewalls and cloud business workloads. Zscaler (ZS) is also among CrowdStrike rivals.\nCrowdStrike Stock Up 56% Before IT Outage\nOn July 9, CrowdStrike was up 56% in 2024, its high before the IT outage.\nAmid the IT outage, analysts expect lower growth for \"net new\" annual recurring revenue (ARR) because of delays in signing contracts and expectations that many customers will seek price discounts when renewing contracts to help cover the cost of business disruptions.\nCrowdStrike's negotiations with customers over pricing concessions are expected to play out through 2025 and perhaps beyond.\nBank of America, in a report in August, said: \"While the incident was not related to the quality issues of CrowdStrike's solution, it did flag a material potential weakness in the company's quality assurance procedures.\"\n\nThe Committee on Homeland Security's Cybersecurity and Infrastructure Protection Subcommittee held a hearing on Sept. 24 probing the IT outage.\nAlso, CrowdStrike has told analysts that its liability for Delta and other customers is contractually capped at an amount in the \"single-digit millions.\"\nFollow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.\nYOU MAY ALSO LIKE:\nLearn The Best Trading Rules At Investor's Corner\nWant To Trade Options? Try Out These Strategies\nMonitor IBD's \"Breaking Out Today\" List For Companies Hitting New Buy Points\nIBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today\nCatch The Next Big Winning Stock With MarketSurge","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":358531063197760,"gmtCreate":1728572172186,"gmtModify":1728575049562,"author":{"id":"4103164827769800","authorId":"4103164827769800","name":"JacDragon","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":8,"crmLevelSwitch":1,"idStr":"4103164827769800","authorIdStr":"4103164827769800"},"htmlText":"Your lawyers sleeping","listText":"Your lawyers sleeping","text":"Your lawyers sleeping","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358531063197760","repostId":2474462767,"repostType":2,"repost":{"id":"2474462767","kind":"highlight","pubTimestamp":1728566256,"share":"https://ttm.financial/m/news/2474462767?lang=&edition=fundamental","pubTime":"2024-10-10 21:17","market":"fut","language":"en","title":"Delta CEO: CrowdStrike Compensation From IT Outage Still On Table","url":"https://stock-news.laohu8.com/highlight/detail?id=2474462767","media":"Blockhead","summary":"Delta Airlines on Thursday said it still plans to seek compensation from cybersecurity firm CrowdStrike over an IT outage in July.","content":"<html><body><div>\n<p><strong>Delta Airlines</strong> (DAL) on Thursday said it still plans to seek compensation from <strong>CrowdStrike Holdings</strong> (CRWD) over an IT outage in July. CrowdStrike stock has gained 16% in 2024, rebounding somewhat from a big sell-off after the IT outage, caused by a faulty software update.</p>\n<p>On the stock market today, CrowdStrike stock fell a fraction to 295.57. Delta reported third quarter earnings before the market open.</p>\n<span>\n<span>\n<span jw-video-key=\"FczkHzgb\" vid-authors=\"RACHEL FOX\" vid-cat=\"Investor's Corner\" vid-date=\"09/26/2024\" vid-date-tmsp=\"1727347777\" vid-dom-id=\"9413049-6707d86461333\" vid-id=\"9413049\" vid-image=\"https://www.investors.com/wp-content/uploads/2024/09/FczkHzgb-640x360.jpg\" vid-name=\"How To Buy Stocks: IBD's Four Pillars Of Investing\" vid-repeat=\"1\" vid-top=\"\" vid-url=\"https://content.jwplatform.com/manifests/FczkHzgb.m3u8\" vid-width=\"100\">\n<span>↑</span>\n<span>X</span>\n<span>\n<span></span>\n<div>\n<div>\nHow To Buy Stocks: IBD's Four Pillars Of Investing\n</div>\n<div>\nSee All Videos\n</div>\n</div>\n</span>\n<span>\n<span>NOW PLAYING</span>\n<span>How To Buy Stocks: IBD's Four Pillars Of Investing</span>\n</span>\n</span>\n</span>\n</span>\n<p>Further, in Q3, Delta took a one-time 45-cent hit to earnings tied to the IT outage. Also, Delta has claimed it suffered a $380 million revenue hit.</p>\n<p>Delta has threatened both CrowdStrike and <strong>Microsoft</strong> (MSFT) with lawsuits.</p>\n<p>\"The havoc that was created deserves, in my opinion, to be fully compensated for,\" Delta Chief Executive Bastian told CNBC. \"This matter is now in the hands of our attorneys. We hope that we'll see a resolution but we keep all of our options open.\"</p>\n<p>In August, Delta hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft. Delta canceled more than 5,000 mainline flights over several days, far more than rivals.</p>\n<h2>Microsoft 'Kernel' Involved In IT Outage</h2>\n<p>CrowdStrike's software update required access to Microsoft's operating system. The heart of the Microsoft Windows software are known as the \"kernel.\"</p>\n<p>Amid the IT outage, Microsoft and CrowdStrike continue to have close ties.</p>\n<p>Microsoft Chief Executive Satya Nadella took part in a CrowdStrike customer conference in early September. Over the next two years, Microsoft plans changes to the Windows kernel system. But, Microsoft will still grant CrowdStrike and other cybersecurity firms access to the kernel software layer.</p>\n<p>TD Cowen analyst Shaul Eyal in a recent report noted that if Microsoft restricted access to the kernel layer, it could face U.S. government anti-trust action. That's because Microsoft sell cybersecurity products itself and could have a competitive advantage from restricting access.</p>\n<p>A 2009 European Union decision required Microsoft to allow 3rd-party vendors access to its software kernel.</p>\n<h2>CrowdStrike Stock Competition</h2>\n<p>At a private Windows Endpoint Security Ecosystem summit in Redmond, Wash. on Sept. 10, Microsoft also updated its plans to make software changes, analysts said.</p>\n<p>Further, CrowdStrike competes with <strong><a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a></strong> (PANW), <strong>SentinelOne</strong> (S)and others in the \"endpoint\" market. Endpoint security tools detect malware on laptops, mobile phones and other devices that access corporate networks.</p>\n<p>Also, CrowdStrike is building a broad, threat-detection cybersecurity platform called XDR, or extended detection and response. It monitors endpoints as well as web/email gateways, web application firewalls and cloud business workloads. <strong>Zscaler</strong> (ZS) is also among CrowdStrike rivals.</p>\n<h2>CrowdStrike Stock Up 56% Before IT Outage</h2>\n<p>On July 9, CrowdStrike was up 56% in 2024, its high before the IT outage.</p>\n<p>Amid the IT outage, analysts expect lower growth for \"net new\" annual recurring revenue (ARR) because of delays in signing contracts and expectations that many customers will seek price discounts when renewing contracts to help cover the cost of business disruptions.</p>\n<p>CrowdStrike's negotiations with customers over pricing concessions are expected to play out through 2025 and perhaps beyond.</p>\n<p>Bank of America, in a report in August, said: \"While the incident was not related to the quality issues of CrowdStrike's solution, it did flag a material potential weakness in the company's quality assurance procedures.\"</p>\n<div><div></div></div>\n<p>The Committee on Homeland Security's Cybersecurity and Infrastructure Protection Subcommittee held a hearing on Sept. 24 probing the IT outage.</p>\n<p>Also, CrowdStrike has told analysts that its liability for Delta and other customers is contractually capped at an amount in the \"single-digit millions.\"</p>\n<p><em>Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.</em></p>\n<p><strong>YOU MAY ALSO LIKE:</strong></p>\n<p>Learn The Best Trading Rules At Investor's Corner</p>\n<p>Want To Trade Options? Try Out These Strategies</p>\n<p>Monitor IBD's \"Breaking Out Today\" List For Companies Hitting New Buy Points</p>\n<p>IBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today</p>\n<p>Catch The Next Big Winning Stock With MarketSurge</p>\n<table width=\"100%\">\n<tbody>\n<tr>\n<td></td>\n</tr>\n<tr>\n<td></td>\n</tr>\n</tbody>\n</table>\n</div></body></html>","source":"investor_business_daily_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Delta CEO: CrowdStrike Compensation From IT Outage Still On Table</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDelta CEO: CrowdStrike Compensation From IT Outage Still On Table\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-10 21:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/technology/crowdstrike-stock-crwd-delta-ceo-compensation-it-outage/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Delta Airlines (DAL) on Thursday said it still plans to seek compensation from CrowdStrike Holdings (CRWD) over an IT outage in July. CrowdStrike stock has gained 16% in 2024, rebounding somewhat from...</p>\n\n<a href=\"https://www.investors.com/news/technology/crowdstrike-stock-crwd-delta-ceo-compensation-it-outage/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://www.investors.com/wp-content/uploads/2019/07/stock-CrowdStrike-01-shutter-150x150.jpg","relate_stocks":{"LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","BK4527":"明星科技股","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","BK4581":"高盛持仓","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4554":"元宇宙及AR概念","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","BK4528":"SaaS概念","BK4525":"远程办公概念","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","BK4585":"ETF&股票定投概念","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","BK4579":"人工智能","BK4551":"寇图资本持仓","BK4535":"淡马锡持仓","PANW":"Palo Alto Networks","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1548497426.USD":"安联环球人工智能AT Acc","CRWD":"CrowdStrike Holdings, Inc.","BK4097":"系统软件","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","BK4532":"文艺复兴科技持仓","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","BK4587":"ChatGPT概念","BK4560":"网络安全概念","BK4538":"云计算","BK4576":"AR","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","S":"SentinelOne, Inc","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","ZS":"Zscaler Inc.","DAL":"达美航空","BK4550":"红杉资本持仓","BK4588":"碎股","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","LU2433249047.HKD":"THEMATICS META \"R/A\" (HKD) ACC","LU1923622614.USD":"Natixis Thematics Meta R/A USD","MSFT":"微软","ARR":"ARMOUR住宅房地产公司","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","DAL.AU":"DALAROO METALS LTD","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","ARR.AU":"American Rare Earths Ltd"},"source_url":"https://www.investors.com/news/technology/crowdstrike-stock-crwd-delta-ceo-compensation-it-outage/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2474462767","content_text":"Delta Airlines (DAL) on Thursday said it still plans to seek compensation from CrowdStrike Holdings (CRWD) over an IT outage in July. CrowdStrike stock has gained 16% in 2024, rebounding somewhat from a big sell-off after the IT outage, caused by a faulty software update.\nOn the stock market today, CrowdStrike stock fell a fraction to 295.57. Delta reported third quarter earnings before the market open.\n\n\n\n↑\nX\n\n\n\n\nHow To Buy Stocks: IBD's Four Pillars Of Investing\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nHow To Buy Stocks: IBD's Four Pillars Of Investing\n\n\n\n\nFurther, in Q3, Delta took a one-time 45-cent hit to earnings tied to the IT outage. Also, Delta has claimed it suffered a $380 million revenue hit.\nDelta has threatened both CrowdStrike and Microsoft (MSFT) with lawsuits.\n\"The havoc that was created deserves, in my opinion, to be fully compensated for,\" Delta Chief Executive Bastian told CNBC. \"This matter is now in the hands of our attorneys. We hope that we'll see a resolution but we keep all of our options open.\"\nIn August, Delta hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft. Delta canceled more than 5,000 mainline flights over several days, far more than rivals.\nMicrosoft 'Kernel' Involved In IT Outage\nCrowdStrike's software update required access to Microsoft's operating system. The heart of the Microsoft Windows software are known as the \"kernel.\"\nAmid the IT outage, Microsoft and CrowdStrike continue to have close ties.\nMicrosoft Chief Executive Satya Nadella took part in a CrowdStrike customer conference in early September. Over the next two years, Microsoft plans changes to the Windows kernel system. But, Microsoft will still grant CrowdStrike and other cybersecurity firms access to the kernel software layer.\nTD Cowen analyst Shaul Eyal in a recent report noted that if Microsoft restricted access to the kernel layer, it could face U.S. government anti-trust action. That's because Microsoft sell cybersecurity products itself and could have a competitive advantage from restricting access.\nA 2009 European Union decision required Microsoft to allow 3rd-party vendors access to its software kernel.\nCrowdStrike Stock Competition\nAt a private Windows Endpoint Security Ecosystem summit in Redmond, Wash. on Sept. 10, Microsoft also updated its plans to make software changes, analysts said.\nFurther, CrowdStrike competes with Palo Alto Networks (PANW), SentinelOne (S)and others in the \"endpoint\" market. Endpoint security tools detect malware on laptops, mobile phones and other devices that access corporate networks.\nAlso, CrowdStrike is building a broad, threat-detection cybersecurity platform called XDR, or extended detection and response. It monitors endpoints as well as web/email gateways, web application firewalls and cloud business workloads. Zscaler (ZS) is also among CrowdStrike rivals.\nCrowdStrike Stock Up 56% Before IT Outage\nOn July 9, CrowdStrike was up 56% in 2024, its high before the IT outage.\nAmid the IT outage, analysts expect lower growth for \"net new\" annual recurring revenue (ARR) because of delays in signing contracts and expectations that many customers will seek price discounts when renewing contracts to help cover the cost of business disruptions.\nCrowdStrike's negotiations with customers over pricing concessions are expected to play out through 2025 and perhaps beyond.\nBank of America, in a report in August, said: \"While the incident was not related to the quality issues of CrowdStrike's solution, it did flag a material potential weakness in the company's quality assurance procedures.\"\n\nThe Committee on Homeland Security's Cybersecurity and Infrastructure Protection Subcommittee held a hearing on Sept. 24 probing the IT outage.\nAlso, CrowdStrike has told analysts that its liability for Delta and other customers is contractually capped at an amount in the \"single-digit millions.\"\nFollow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.\nYOU MAY ALSO LIKE:\nLearn The Best Trading Rules At Investor's Corner\nWant To Trade Options? Try Out These Strategies\nMonitor IBD's \"Breaking Out Today\" List For Companies Hitting New Buy Points\nIBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today\nCatch The Next Big Winning Stock With MarketSurge","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}