Q2 revenue forecast falls short of expectations, cybersecurity giant CrowdStrike (CRWD.US) plunges 6% after Q1 earnings.
According to the financial news app Zhitong Finance, the cybersecurity company CrowdStrike Holdings (CRWD.US) announced its first quarter performance after the market closed on June 3rd. Due to its lower-than-expected second quarter revenue forecast, its stock price plummeted significantly. The company stated that its Q2 sales expectations are as high as $1.15 billion, lower than analysts' average forecast of $1.16 billion. After the news was announced, CrowdStrike's stock price dropped 6% in after-hours trading. As of Tuesday's closing, the stock has gained approximately 43% year-to-date.
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