Did Google Just Say "Checkmate" to CrowdStrike?
Google just made its biggest acquisition of all time.
It's been a turbulent year for cybersecurity company CrowdStrike (NASDAQ: CRWD) Last July, a glitch was identified during an update to CrowdStrike's software -- ultimately resulting in widespread outages across the world for many of its customers.
Reputational damages and frustrated customers were some of the more obvious near-term headwinds the company had to face. Over the last several quarters, CrowdStrike has moved on from its IT disaster with little noticeable harm.
I say this because the company, by most accounts, looks OK considering how detrimental this problem could have become. However, a more thorough review of the financials may suggest CrowdStrike is at a crossroads.
