CrowdStrike (CRWD) reported strong first quarter results, beating expectations for both revenue and profits. The cybersecurity company saw its subscription revenue increase by 34% year over year and raised its full-year guidance — boosting shares during Wednesday's trading session. Yahoo Finance's Brad Smith and Madison Mills break down the details For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Cyber security provider CrowdStrike (CRWD) saw its stock spike +12% today after beating its first quarter top and bottom-line expectations Tuesday evening.
Stocks rose Wednesday as expectations for Federal Reserve interest-rate cuts increased. Stitch Fix rose 29%. Not only did the personal styling company’s quarterly earnings come in stronger than expected, management raised its financial guidance for the fiscal year.