Weakness May Be an Opportunity for CrowdStrike Stock

Shares of CrowdStrike Holdings (CRWD) fell from a high of about $785.66 to a recent low of $617.74, even after posting strong earnings and guidance. EPS of $1.10 beat estimates by three cents. Revenue of $1.39 billion, up 26.4% year-over-year (YoY), beat by $30 million. The company also raised its revenue guidance to a range of $1.43 billion to $1.44 billion. It also guided for EPS of $1.16 to $1.17, which is above the estimates of $1.15. It also announced a 4-1 stock split, which will take effect after the market closes on July 1.

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