While hugely disruptive, the macroeconomic or market impacts of today's issues are likely to be limited, according to Capital Economics. The damage to CrowdStrike's reputation, however, is "major," Oppenheimer analyst Ittai Kidron wrote.
Fittingly, competitor stocks like Palo Alto Networks and SentinelOne rose significantly on the day.
Another consequence we're watching is whether CrowdStrike customers seek compensation.
"There is a risk of large potential liability claims from customers that were affected by the outages," Raj Joshi, of Moody's Ratings, said.
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