CrowdStrike drops about 6% on lackluster guidance, ongoing impact from July IT outage

George Kurtz, chief executive officer of Crowdstrike Inc., listens during an interview in San Francisco, California, U.S., on Wednesday, Sept. 25, 2019. Shares of CrowdStrike slumped nearly 6% on Wednesday after the cybersecurity company issued lackluster revenue guidance for the current quarter. The security software maker said it expects revenue to range between $1.14 billion and $1.15 billion this quarter, falling short of the $1.16 billion estimate from analysts polled by LSEG. CrowdStrike called for adjusted earnings per share between 82 cents and 84 cents for the quarter, versus an LSEG estimate of adjusted earnings of 81 cents per share. CrowdStrike also said it is still feeling a pinch from last July's widespread outage that temporarily halted flights and forced hospitals to push off some procedures. The company recently ended its incentive program, known as customer commitment packages, to lure and maintain customers on the heels of the incident. Finance chief Burt Podbere ... Read full article.