From CNBC: 2025-06-04 10:15:00

Shares of cybersecurity company CrowdStrike dropped over 6% after issuing lackluster revenue guidance for the quarter. Revenue is expected to be between $1.14 billion and $1.15 billion, falling short of the $1.16 billion estimate. The company cited an $11 million revenue impact from ending the customer commitment packages program.

CrowdStrike’s finance chief stated the company anticipates a $10-15 million revenue impact through the end of the fiscal year due to the discontinued program. Despite surpassing earnings expectations for the first quarter, the company maintained revenue estimates and recorded a net loss of $110.2 million. CrowdStrike announced a $1 billion share repurchase plan.

Investor frustration has grown due to CrowdStrike’s ongoing issues and one-time events. Evercore ISI downgraded shares as full-year earnings outlook was raised but revenue estimates were maintained. Revenue increased by 20% in the quarter, with a net loss of $110.2 million recorded. Adjusted earnings per share exceeded expectations at 73 cents.



Read more at CNBC:: CrowdStrike drops on lackluster guidance, impact from July IT outage