CrowdStrike shares struggle to rebound after falling 25% since last week

By Ovunc Kutlu

ISTANBUL (AA) - CrowdStrike shares were struggling to rebound after declining 25% since last Friday when an update caused a major global IT outage.

The American cybersecurity technology firm's stock price was trading at $255.34 per share for nearly a 0.5% gain at 11.10 a.m. EDT (1510GMT) on Friday.

After closing at $343.05 per share on Thursday last week, the stock price plummeted 25.6% since then, according to data compiled by Anadolu.

Most of the decline in shares were seen last Friday, with 11.1%, and on Monday 13.46%.

CrowdStrike CEO George Kurtz said 97% of Windows sensors were back online as of Thursday.

The company said Wednesday a content configuration update affected the Falcon Sensor, which protects key risk areas and the Windows operating system, causing the global IT outage. The defect in the content update was reverted later on last Friday.

The global outage hit thousands of computers around the world and caused interruptions in devices using the Windows operating system.