Cybersecurity
CrowdStrike Falls a Day After Disappointing Earnings Outlook
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CrowdStrike Holdings Inc. fell in early trading on Wednesday after the cybersecurity company issued a weaker-than-expected earnings forecast, disappointing investors who have been watching for signs that it has recovered from a flawed update that crashed computers around the world.
Adjusted earnings will be 84 cents to 86 cents per share in the fiscal fourth quarter, CrowdStrike said Tuesday in a statement. Analysts were expecting 87 cents, according to Bloomberg-compiled estimates.