Why Crowdstrike Stock Fell 7% Today

Shares of endpoint security leader Crowdstrike Holdings (NASDAQ: CRWD) got blasted with a 7% sell-off today. High-growth names were hit especially hard on news that the first case of the coronavirus Omicron variant was confirmed in the U.S. Investor worry is mounting that the next leg of the pandemic could cause a backtrack in broader economic recovery.

However, at the time of writing, Crowdstrike had clawed its way into the black in after-hours trading on a great third-quarter earnings report as thousands of new users continue to adopt cloud-based security for remote workforces.

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Source Fool.com