** 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
(Reporting by Harshita Mary Varghese in Bengaluru)
((HarshitaMary.Varghese@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.