Cybersecurity
CrowdStrike Shares Tumble After Disappointing Earnings Outlook
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CrowdStrike Holding Inc. shares tumbled after the cybersecurity company issued a worse-than-expected earnings outlook, signaling that it’s still recovering from a flawed software update that crashed millions of computers globally last year.
Adjusted earnings for the three months ending April 30 will be 64 cents to 66 cents a share, CrowdStrike said in a statement Tuesday. That’s well below the 96 cents that analysts had been projecting.