U.S. cybersecurity firm Crowdstrike Holdings Inc. (NASDAQ:CRWD) is attempting to recover sharp premarket losses felt overnight and in the early hours on Friday as an update on its cloud software triggered a global tech outage. What Happened: A failed update of CrowdStrike's Falcon platform on Thursday night led to widespread disruptions in Microsoft systems, pushing critical global services such as airports, ports, financial institutions and hospitals to a standstill. The issue stemmed from a technical error in the software update, ruling out initial speculation of a hacker attack. George Kurtz, president and CEO of CrowdStrike, stated on X the company is “actively working with customers impacted by a defect found in a single content update for Windows hosts.” Microsoft, which leverages CrowdStrike's services to enhance security for its Azure and Office365 softwares, said the underlying cause of the outage has been resolved. Microsoft, which uses Crowdstrike services to enhance Azure and Office365 security, subsequently assured that the underlying cause affecting the outage has been fixed. What It Means For CrowdStrike: “This is clearly a major black eye for CrowdStrike,” Wedbush analyst Daniel Ives said in a note Friday, predicting the stock would ...