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Why CrowdStrike Stock Tumbled on Monday

TheMotleyFool

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Why CrowdStrike Stock Tumbled on MondayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.theapi.app/temp/bee95973-d201-429b-849e-52867059bd1a.png

Shares of CrowdStrike (NASDAQ: CRWD) were trading lower on Monday. The cloud-based cybersecurity specialist fell by as much as 5.2% in early trading, and as of 12:36 p.m. EDT was still down by 3.7% compared to Friday's closing price.

The stock was the victim of an analyst downgrade, but things aren't as bad as they might appear at first glance.

Image source: Getty Images.

Source Fool.com

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