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CrowdStrike’s post-earnings stock drop is a buy. Here’s why sellers have it all wrong

The stock drop plays right into our hands. Read more...

CrowdStrike Holdings signage on the floor of the New York Stock Exchange on July 22, 2024.

Michael Nagle | Bloomberg | Getty Images

CrowdStrike delivered a very good quarter after Tuesday’s closing bell, with management raising its full-year outlook on sales, operating income, and earnings. Nonetheless, shares of the cybersecurity firm were selling off as traders booked profits, perhaps because the current quarter profit guide came in a penny below expectations. The stock drop plays right into our hands.

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