Reported about 9 hours ago
CrowdStrike's shares fell 3.3% after the cybersecurity firm issued a weak quarterly revenue forecast, highlighting the lasting impact of a software update failure that caused a significant global outage. The company’s anticipated third-quarter sales align with analysts' expectations but are affected by customer incentives due to the outage. Despite a 21% revenue increase in the second quarter, the stock's reaction reflects overinflated near-term expectations, leading ten brokerages to lower their target prices.
Source: YAHOO