Shares of CrowdStrike Holdings (NASDAQ: CRWD) shot up an impressive 83% in the past year, but the stock has been in free-fall mode in the past month and a half thanks to a faulty software update that caused a global IT outage on July 19.

More specifically, CrowdStrike stock lost 13% of its value since that day. It is also worth noting that the cybersecurity stock has retreated nearly 33% from the 52-week highs it hit on July 9. Amid all this negativity, CrowdStrike's fiscal 2025 second-quarter report (for the three months ended July 31) held a lot of significance.

The cybersecurity specialist released its quarterly report on Aug. 28 and its stock dipped around 2% in pre-market trading the following day. Let's see why that was the case and check if there is any possibility of a turnaround in its fortunes.

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Source Fool.com