Why CrowdStrike Stock Just Dropped 12%

Shares of CrowdStrike Holdings (NASDAQ: CRWD) stock are tumbling, down 12% as of 12:50 p.m. EDT despite the cloud-based security software maker reporting estimate-beating results in its Q2 earnings report last night -- and better-than-expected guidance as well.

For Q2, analysts had predicted CrowdStrike would lose $0.23 per share (pro forma) on sales of $103.8 million. Instead, management reported a loss of "only" $0.18 per share -- and sales of $108.1 million.

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Source Fool.com