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Why CrowdStrike Stock Fell Sharply on Thursday

TheMotleyFool

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Why CrowdStrike Stock Fell Sharply on ThursdayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

Shares of cloud-native cybersecurity company CrowdStrike (NASDAQ: CRWD) were pummeled on Thursday. The stock was down about 10% as of noon EDT.

The stock's decline came after the company's fiscal second-quarter earnings release. Though the cybersecurity specialist's results beat analysts' expectations, they didn't quite justify the growth stock's big move higher leading up to the earnings release.

Image source: Getty Images.

Source Fool.com

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