Rich Multiple Given Implied News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 customers in the quarter, up from 1,186 additions in the third quarter. Crowdstrike also guided for...

The week's 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 of a correction in the offing. For instance, the tech sector was still taking a bruising last week. ...