On May 27, CrowdStrike fell 3.06% in pre-market trading, trading at $650.975/share, with trading volume of $2.886 million. The decline comes amid broad pressure across the Systems Software sector, with cybersecurity peer Zscaler Inc. plunging over 23%, dragging sentiment across the security software space.
Within the sector, Microsoft fell 0.51%, Oracle fell 0.45%, ServiceNow declined 0.72%, while NEBIUS rose 1.39%. The sharp sell-off in Zscaler appears to have triggered sympathy selling in high-multiple cybersecurity names including CrowdStrike, which recently touched a 52-week high of $677.50.
Looking ahead, CrowdStrike is scheduled to report fiscal quarter earnings on June 3 after market close. Consensus estimates project revenue of $1.363 billion, representing 23.43% year-over-year growth, with adjusted EPS expected at $1.07, up 63%. Morgan Stanley recently raised its target price to $610, while KeyBanc set a Street-high target of $700, citing strength in the Falcon platform and AI security capabilities.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments