Earnings

CrowdStrike’s post-earnings stock drop is a buy. Here’s why sellers have it all wrong

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CrowdStrike Holdings signage on the floor of the New York Stock Exchange on July 22, 2024.
Michael Nagle | Bloomberg | Getty Images

CrowdStrike delivered a very good quarter after Tuesday’s closing bell, with management raising its full-year outlook on sales, operating income, and earnings. Nonetheless, shares of the cybersecurity firm were selling off as traders booked profits, perhaps because the current quarter profit guide came in a penny below expectations. The stock drop plays right into our hands.

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