Why investors see an opportunity in CrowdStrike shares

Australian stock pickers say a plunge in CrowdStrike’s shares after the cybersecurity software maker caused a global outage represents a buying opportunity, with slim cyber pickings – but some value – on the ASX.

A rogue software update put an end to a red-hot run for Crowdstrike on the Nasdaq, where its shares had doubled in the past 12 months. Its shares are down 11.6 per cent since the outage was triggered.