Crowdstrike Drops In Pre-Market As Cybersecurity Firm Revises Annual Revenue Forecast Downward After Global Microsoft Windows Outage
Portfolio Pulse from Benzinga Neuro
CrowdStrike Holdings Inc (NASDAQ:CRWD) revised its annual revenue forecast downward following a major global Microsoft Windows outage in July. The outage delayed deals and impacted the company's reputation, leading to a drop in its stock price. Despite this, CrowdStrike beat Q2 revenue and earnings estimates.
August 29, 2024 | 9:39 am
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CrowdStrike revised its annual revenue forecast downward due to a global Microsoft Windows outage, impacting its stock price. Despite this, the company beat Q2 revenue and earnings estimates.
The downward revision of CrowdStrike's revenue forecast due to the Microsoft outage has negatively impacted its stock price. However, the company beat Q2 estimates, which may mitigate some negative sentiment. The stock's pre-market drop indicates a short-term negative impact.
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