Reported 1 day ago
CrowdStrike Holding Inc. faced a significant decline in its stock after the cybersecurity firm provided a disappointing earnings outlook, projecting adjusted earnings of only 64 to 66 cents per share for the upcoming quarter, far below the analysts' expectation of 96 cents. This downturn follows a problematic software update that caused widespread computer failures last year, and while the company exceeded some revenue benchmarks, it is nonetheless grappling with the fallout and investigations related to previous deals.
Source: YAHOO