Crowdstrike shares sink on light guidance after strong Q3 beat
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Crowdstrike shares declined due to light guidance despite a strong Q3 earnings beat.
November 26, 2024 | 10:00 pm
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Crowdstrike's stock price fell as the company provided light guidance, which overshadowed its strong Q3 earnings performance.
Despite reporting strong Q3 earnings, Crowdstrike's future guidance was lighter than expected, causing investor concern and a subsequent drop in share price. This indicates that while past performance was strong, future expectations are not as optimistic, impacting short-term stock price negatively.
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