Why Crowdstrike Stock Fell 7% Today

·2-min read
Why Crowdstrike Stock Fell 7% Today

Shares of endpoint security leader Crowdstrike Holdings (NASDAQ: CRWD) got blasted with a 7% sell-off today. High-growth names were hit especially hard on news that the first case of the coronavirus Omicron variant was confirmed in the U.S. Investor worry is mounting that the next leg of the pandemic could cause a backtrack in broader economic recovery. Free cash flow in Q3 was up 62% to $124 million, good for an incredibly healthy free-cash-flow-profit margin of 33%.

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