These 5 Stocks are Getting Hammered Today

1. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 77

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) delivered impressive financial results for its fiscal second quarter along with an upbeat outlook for the current quarter. Yet, its shares fell nearly six percent this morning.

There was no apparent reason behind today’s drop. In fact, a number of research firms lifted their price target for CrowdStrike Holdings, Inc. (NASDAQ:CRWD) following its latest quarterly performance.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) reported earnings of 36 cents per share, easily topping the consensus of 27 cents per share. Revenue for the quarter climbed 58 percent on a year-over-year basis to $535.2 million, ahead of the consensus of $515.42 million. Subscription revenue increased to $506.2 million, accounting for more than 98 percent of the total revenue.

For the current quarter, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) expects adjusted earnings in the range of 30 – 32 cents per share, above analysts’ average estimate of 28 cents per share.

Speaking on the results, CEO George Kurtz said:

“CrowdStrike delivered a strong second quarter with new milestones across the business. Ending ARR surpassed the $2 billion milestone, net new ARR reached a record $218 million and net new subscription customers reached a record 1,741 in the quarter.”

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