Analysts predict cybersecurity stocks will soar after CrowdStrike’s outage

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TLDR:

• CrowdStrike outage led to potential gains for cybersecurity rivals
• SentinelOne, Palo Alto Networks, and Microsoft’s cybersecurity business could benefit

After a defective CrowdStrike update caused a global tech outage, analysts believe that some competitors in the cybersecurity space could gain from the fallout. Key points from the article include:

After the CrowdStrike incident, analysts suggested that SentinelOne, Palo Alto Networks, and Microsoft’s cybersecurity business could see an increase in customers looking for alternatives. However, the selection process for a new security vendor may take time.

Phishing security companies and backup and recovery solution providers could also benefit from the aftermath of the outage, as threat actors took advantage of the chaos caused by the incident. CrowdStrike shares have declined, while rival companies like SentinelOne have seen gains.

Overall, the article points towards potential market shifts in the cybersecurity sector following the CrowdStrike outage, with certain companies poised to benefit from the changing landscape.

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