Why CrowdStrike Stock Sank This Week
CrowdStrike (NASDAQ: CRWD) stock fell 11.5% across this week's trading. CrowdStrike posted non-generally-accepted-accounting-principles (non-GAAP) (adjusted) earnings of $0.40 per share on revenue of $581 million in Q3, while the average analyst estimate had called for per-share earnings of $0.31 on sales of $574 million in the quarter. CrowdStrike delivered a beat-and-raise quarterly report when it released earnings on Nov. 29.