Major tech outages happened worldwide as issues with a CrowdStrike (CRWD) software update disrupted airline operators, banking institutions, and healthcare...
Citizens JMP Securities equity research analyst Trevor Walsh joins Market Domination to give insight into the incident with CrowdStrike and what it means for company and those in the cyber security sector moving forward."The criticality of CrowdStrike as a security platform tends to, I think, outweigh some of those issues in the sense of customers can't afford to just turn them off and not renew because of one incident.
I saw some of your colleagues on the street who also cover this name saying, uh, the timing of all this though, um, from crowds strikes perspective, I is not great. And um tho those types of issues when they come up can, you know, even if it's the customer, not a acting nefariously or trying to, you know, rake you over the calls from a price perspective that can cause pause around a deal for sure.
Uh But, um I think that benefits Sentinel one a little bit more versus Palo Alto just given the scale and scope of those two businesses and kind of one or one or two big wins to Sentinel. Let's just get, um, critical infrastructure, key companies within, you know, that use crowdstrike and Microsoft up and running again.
But then there's also the overall um take from co and the users where, you know, they're not necessarily wanting to consolidate and have a mega mega mo monolithic single tool in their environment for the reason that, you know, that that creates one single point of failure.
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