CrowdStrike claws back market value after triggering largest IT outage in history

• CrowdStrike says it has regained $30 million in market value as share prices climb
• The company retained 97% of its customers following July 2024 outage
• CrowdStrike says accountability and swift action helped recovery

CrowdStrike has revealed it has succesfully regained much of the market value it lost following the major July 2024 outage affecting its products.

Shares in the company had dropped to a low of $217.89 as a result of a drop in investor confidence, however CrowdStrike has been working hard to rectify that.

Now, shares are approaching $360 as the company begins to restore its market trust, regaining $30 billion in value since the incident.

CrowdStrike recovery

The company says the increase has been mainly helped by customer satisfaction – in the incident’s financial quarter, the company still managed to retain 97% of its customers.

CEO George Kurtz told the Financial Times in an interview: “Customers are ...