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.
Martin Pretty, director and investment manager of Equitable Investors, backs three under-the-radar ASX cybersecurity technology companies. Eamon Gallagher
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
