Rich Multiple Given Implied News Today

Share: Crowdstrike Holdings Inc (NASDAQ: CRWD) shares traded lower by 2% on Wednesday after the company reported a profitable fourth quarter and issued guidance above Wall Street expectations. On Tuesday, CrowdStrike reported fourth-quarter adjusted EPS of 13 cents on $264.9 million in revenue. Both numbers topped consensus analyst estimates of 8 cents and $250.4 million, respectively. Revenue was up 74% from a year ago. In addition, CrowdStrike said it added 1,480 net new subscription business...

The weeks bullish calls included an entertainment giant, a rising cloud play and a semiconductor maker. The electric vehicle leader and a big-box retailer were among the bearish calls that were seen. The Dow Jones industrials and S&P 500 managed to end a turbulent first week of March marginally higher, while the Nasdaq pulled back about 2%. Strength in the February jobs numbers was offset by rising Treasury yields and Federal Reserve concerns about inflation. In some corners, there were signs o...