BUZZ-CrowdStrike falls on report DoJ, SEC investigating co's deal with Carahsoft
ReutersFeb 21, 2025 2:34 PM
Shares of cybersecurity firm CrowdStrike CRWD.O fall 1.2% to $430 in early morning trading
The Justice Department and the Securities and Exchange Commission are investigating CRWD's $32 million deal with Carahsoft to provide cybersecurity tools to the Internal Revenue Service, Bloomberg News reports
Carahsoft paid CrowdStrike for the deal that the cybersecurity firm closed on the last day of a fiscal quarter in 2023, but the IRS never purchased the products, as per the report
Investigators have been interviewing people and collecting records related to the deal, according to the report
CrowdStrike and Carahsoft did not immediately respond to Reuters' requests for comment
Stock had risen 34% in 2024
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