Analysis

CrowdStrike’s post-earnings store let go is a purchase. Right here’s why dealers have all of it incorrect

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CrowdStrike Holdings signage on the floor of the New York Stock Exchange on July 22, 2024.

Michael Nagle | Bloomberg | Getty Images

CrowdStrike delivered an excellent quarter next Tuesday’s extreme bell, with control elevating its full-year outlook on gross sales, working source of revenue, and income. However, stocks of the cybersecurity company have been promoting off as buyers booked earnings, in all probability since the wave quarter benefit information got here in a penny underneath expectancies. The store let go performs proper into our arms.

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