CrowdStrike and Palo Alto Networks Rise 3% During Microsoft Outage
· 2 sources
Yahoo Finance reports CrowdStrike and Palo Alto Networks gained 3% as a Microsoft outage disrupted Outlook and Teams, with earnings due next week.
What happened
Yahoo Finance reports that shares of CrowdStrike and Palo Alto Networks climbed 3% while a Microsoft outage disrupted Outlook and Teams.
The outlet's description says some cybersecurity stocks tend to attract buyers when Microsoft stumbles. It also notes that one sector leader is still sliding while its rival surges.
According to Yahoo Finance, an earnings report due next week could determine whether the rebound lasts or fades as quickly as the outage.
Context
Cybersecurity companies sell tools that protect networks and software, and their shares can react to news about major technology providers.
Why it matters
The move shows how disruptions at a large software provider can draw attention to cybersecurity names, and the coming earnings report may shape how investors view them.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$148.61Fair range: $114.13 to $197.51The price ($318.12) is 114.1% above that figure.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $285.55 and $348.66; 9 in 10, between $239.23 and $416.18.
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $199.10 and $244.61; 9 in 10, between $165.90 and $293.57.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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