08:28 AM EDT, 07/22/2024 (MT Newswires) -- CrowdStrike Holdings ( CRWD ) shares were down nearly 5% in recent Monday premarket activity as the company continues to take massive public relations blows from a major information technology outage Friday.

The stock was 11% lower at Friday's close.

The company reportedly said that, as of Sunday, a large amount of the 8.5 million Microsoft ( MSFT ) devices affected during the outage were operational again. Chief Executive Officer George Kurtz had apologized for the update issue that caused the disruption.

Although analysts at Oppenheimer maintained their outperform rating on the stock, they said they expect CrowdStrike ( CRWD ) to suffer from customer attrition and slower upsell after the outage. Wedbush, meanwhile, said both CrowdStrike ( CRWD ) and Microsoft ( MSFT ) will be facing a "PR nightmare" from the incident.

Price: 290.14, Change: -14.82, Percent Change: -4.86