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MarketBeat
MarketBeat
Business
Chris Markoch

Wall Street Punished CrowdStrike for Beating Earnings? Seriously?

CrowdStrike Holdings Inc. (NASDAQ: CRWD) reported solid third-quarter earnings that were slightly above expectations on the top and bottom lines. The report also included a record level of annual recurring revenue (ARR).

But the report wasn’t enough to satisfy the high-speed traders who immediately sold CRWD stock after the report. That said, the stock is recovering the day after the report as investors have time to dig into the details.

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