BUZZ-CrowdStrike slides after disappointing Q3 revenue forecast

Reuters
08/28
BUZZ-<a href="https://laohu8.com/S/CRWD">CrowdStrike</a> slides after disappointing Q3 revenue forecast 

** Shares of cybersecurity firm CrowdStrike CRWD.O down 7.2% post-market to $392 after qtrly report

** Co sees current qtr revenue of $1.21-$1.22 bln, slightly below LSEG estimate of $1.23 billion

** Q2 revenue of $1.17 bln and adj EPS of 93 cents surpassed consensus estimates of $1.15 bln and 83 cents, respectively

** Wall Street analysts expressed caution heading into the report as co continues to grapple with fallout from last year's Windows outage

** Of 55 brokerages covering CRWD, recommendation breakdown is 33 "strong buy" or "buy", 19 "hold" and 3 "sell" or "strong sell" ratings; median PT is $495

** Through Weds close, stock up about 24% YTD compared to roughly 15% advance in S&P 500 Tech sector .SPLRCT

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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