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Benzinga
Benzinga
Business
Vaishali Prayag

CrowdStrike Falls Over 5% As Cybersecurity Sector Reacts To Fortinet's Cautious Outlook

CrowdStrike

CrowdStrike Holdings Inc. (NASDAQ:CRWD) shares are trading lower Thursday as the broader cybersecurity sector reacts to disappointing sentiment following Fortinet's second-quarter earnings report.

What To Know: Although Fortinet reported results that technically beat estimates on both earnings per share and revenue, the market response has been notably negative due to a combination of cautious guidance and a flurry of analyst price target cuts.

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