
CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are trading lower Thursday after the company reported second-quarter results and issued soft revenue guidance for the third quarter. Multiple analysts lowered price targets following the print.
What Happened: Cybersecurity company CrowdStrike beat analyst estimates on the top and bottom lines in the second quarter, reporting revenue of $1.17 billion versus estimates of $1.15 billion, and adjusted earnings per share of 93 cents versus estimates of 83 cents.