Why CrowdStrike Stock Fell Sharply on Wednesday
Shares of cloud-native cybersecurity company CrowdStrike (NASDAQ: CRWD) were pummeled on Wednesday. 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.
Source Fool.com