Rabu, 30 November 2022

Crowdstrike Holdings warning sparks selloff in cybersecurity stocks

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Crowdstrike's shares sank 20% before the bell after the company forecast current-quarter revenue on Tuesday that fell short of analysts' estimates, while peers Zscaler (NASDAQ:ZS) Inc, SentinelOne (NYSE:S) Inc and Palo Alto Networks (NASDAQ:PANW) Inc fell between 2.0% and 6.2%.


"While our business continues to grow fast, given how quickly we hired, our operating expenses – if left unabated – would continue to outgrow our revenue," Xu wrote in a letter to staff on Wednesday, Bloomberg reported.






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