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Acronis cyber protect cloud pricing5/2/2023 economy by strengthening public confidence in our banking system. A joint statement by Secretary of the Treasury Janet Yellen, Federal Reserve Board Chair Jerome Powell and FDIC Chairman Martin Gruenberg called the move a “decisive” action meant “to protect the U.S. On Sunday, the Biden administration intervened to ensure that SVB depositors would continue to have access to their funds. bank failure in history and has been attributed to a run on deposits by worried customers. “CrowdStrike is executing exceptionally well in a challenging macro environment,” co-founder and CEO George Kurtz said during the company’s quarterly call with analysts March 7, pointing to indicators including quarterly records in net-new annual recurring revenue and net-new customers. 31, which beat Wall Street analyst estimates on both revenue and profits. Last week, CrowdStrike reported results for the fourth quarter of its fiscal 2023, ended Jan. It offers a drama-free backup, but the restoration is too slow and complicated as it works only via the search option. software equity research at Citi, researched the potential exposure for CrowdStrike in the SVB failure and reportedly determined it “doesn’t seem all that concerning.” Our Acronis Cyber Protect Cloud will easily handle M365 for you. On Friday, CrowdStrike updated its Investor FAQs page to disclose that the revolving credit line “remains undrawn and we do not foresee a need to access this facility.” CRN has reached out to CrowdStrike.įatima Boolani, co-head for U.S. Prior to the collapse of SVB Friday, CrowdStrike had a revolving credit line of up to $750 million with SVB since January 2021. Shares in Austin, Texas-based CrowdStrike closed at $121.41 in regular trading Monday, up 1.4 percent for the day. CrowdStrike’s stock price climbed Monday as Wall Street and investors showed they aren’t worried over the cybersecurity giant’s ties to now-defunct Silicon Valley Bank (SVB).
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