Shares down in Pre-market
CrowdStrike (NASDAQ:CRWD) shares dipped in premarket trading after the company’s Q2 results, which met expectations, were released on August 30. While revenue grew by 31.7% year-over-year, the company’s full-year guidance underwhelmed, causing investor concern.
The cybersecurity firm reported revenue of $963.9 million, slightly beating estimates, but its next quarter’s guidance of $982 million came in below expectations, raising questions about future growth.
Additionally, a recent IT outage that affected services has added to the uncertainty surrounding the company’s outlook, despite its strong position in the cybersecurity industry.
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