0947 ET - CrowdStrike is sharply lower despite 1Q earnings and revenue beats, and Wedbush says "we would be buyers of weakness in shares." The firms says the 1Q readout reflects an expansive pipeline for its cyber-AI product portfolio, which remains a significant driver of its bookings pipeline. "We continue to believe that CrowdStrike's position as the gold standard of cybersecurity remains firmly unchanged with the company's innovative, best-in-class Falcon platform becoming increasingly important in the new modern AI threat landscape," the analysts say in a note. Wedbush maintains its outperform rating and raises its price target to $720 from $700. CrowdStrike sinks 8.4% to $684.44. Shares are up 47% year-to-date. (connor.hart@wsj.com)

(END) Dow Jones Newswires

June 04, 2026 09:47 ET (13:47 GMT)

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