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CrowdStrike drops 6% on lackluster guidance, ongoing impact from July IT outage

  • CrowdStrike's shares dropped over 6% after issuing lackluster revenue guidance for the current quarter.
  • The cybersecurity company expects revenue to be between $1.14 billion and $1.15 billion, falling short of analyst estimates.
  • CrowdStrike is still feeling the impact from a July IT outage and ended its customer commitment packages incentive program.
  • Despite weaker guidance, CrowdStrike exceeded earnings estimates and announced a $1 billion share repurchase plan.

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