SentinelOne (NYSE:S) stock is rallying higher on Friday as the cybersecurity business’ shares gets a boost the ongoing Crowdstrike (NASDAQ:CRWD) outage.
The problem likely comes from an update that was sent out by Crowdstrike to devices running Microsoft’s (NASDAQ:MSFT) Windows operating system. This has triggered many of these devices to experience a Blue Screen of Death (BSOD).
The Crowdstrike outage is global and is affecting several areas. That includes airlines, financial markets and other businesses. It’s unclear how long it will be until the issue is resolved, and even when it is, it could leave a permanent stain on the company’s reputation.
Why This Matters to S Stock
SentinelOne is one of Crowdstrike’s rival in the cybersecurity space. While the outage today is bad news for CRWD stock with a 13% drop, it has S shares climbing 8% higher on Friday morning.
That makes sense as investors are betting on SentinelOne and other Crowdstrike amid the outage. The logic here is that some customers may switch away from Crowdstrike due to the losses experienced by its problems.
That also means today is likely going to include even more movement for S and CRWD shares. Investors will want to keep an eye on them Friday as more updates come out about the outage.
Below are plenty of other stock market stories that traders are going to want to dive into!
We are offering up all of the hottest stock market news investors need to know about on Friday! A few examples include what’s going on with shares of Palo Alto Networks (NASDAQ:PANW), SunPower (NASDAQ:SPWR) and Nauticus Robotics (NASDAQ:KITT) stock today. You can catch up on all of this at the links below!
More Stock Market News for Friday
- Palo Alto Networks (PANW) Stock Pops as CrowdStrike Outage Boosts Rivals
- Why Is SunPower (SPWR) Stock Down 10% Today?
- Why Is Nauticus Robotics (KITT) Stock Down 19% Today?
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
