Part 1 of 3: CrowdStrike's Unexpected Crisis

CrowdStrike: What's Ahead For Cybersecurity Player In The Wake Of Its Corporate Crisis

This corporate crisis wasn't supposed to happen — not to this company, and certainly not to this extent.

When CrowdStrike (CRWD) sent customers a faulty update to its cybersecurity software in mid-July, the routine event quickly snowballed into an information technology outage of historic proportions. CrowdStrike stock fell into a tailspin as countless industries ground to a halt, causing more than $10 billion in estimated damages and leaving the company with a huge crisis management challenge.

Up to that point, the tech world — and the financial universe, for that matter — held CrowdStrike in high regard and considered it a formidable player in the cybersecurity sector. But now investors are left to wonder when CrowdStrike stock — down 35% from its peak in early July as of Wednesday — might recover. For now, it's stuck in the same market purgatory that enveloped Boeing (BA) for 737 jet defects, Chipotle Mexican Grill (CMG) after a food poisoning scare and Anheuser-Busch InBev (BUD) when a political backlash flared following a sponsorship deal with a transgender influencer.

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CrowdStrike Stock Crisis Rooted In 'Blue Screen Of Death'