Why CrowdStrike Stock Fell Sharply on Thursday

Shares of cloud-native cybersecurity company CrowdStrike (NASDAQ: CRWD) were pummeled on Thursday. The stock was down about 10% as of noon EDT.

The stock's decline came after the company's fiscal second-quarter earnings release. Though the cybersecurity specialist's results beat analysts' expectations, they didn't quite justify the growth stock's big move higher leading up to the earnings release.

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Source Fool.com