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Barchart
Barchart
Sristi Suman Jayaswal

DARK SECRETS: 1 cybersecurity stock that could benefit from the crowdstrike outage - The Real Truth

CrowdStrike SentinelOne Cybersecurity Andrew Nowinski Barclays JPMorgan Wells Fargo

In the world of cybersecurity, staying one step ahead is everything. When CrowdStrike Holdings, Inc. (CRWD) stumbled with a software glitch on July 19, it was not just a hiccup – it was a global disruption that grounded flights, delayed surgeries, and shook industries to their core. Once a rising star, CrowdStrike took a heavy hit as investors panicked and the stock tumbled.

The chaos opened the door for rival cybersecurity stocks, like SentinelOne, Inc. (S), to make a move. Known for its artificial intelligence (AI)-driven endpoint security, SentinelOne surged as CrowdStrike faltered in July. Wells Fargo analyst Andrew Nowinski now predicts SentinelOne could capitalize on CrowdStrike’s tech blunder by snagging market share, and upgraded the stock in a new note last week.

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