CrowdStrike Holdings Inc on Tuesday forecast fourth-quarter revenue below Wall Street estimates, as an economic downturn hit spending for its cyber security services.
CrowdStrike shares dropped after the cybersecurity company said annual recurring revenue was below expectations in part because of "macroeconomic headwinds."
CrowdStrike reported third-quarter profit and revenue that topped estimates but its revenue outlook missed Wall Street targets. The post CrowdStrike Plunges On Weak Guidance As Key Metric Misses Views
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Key financial reports could make a big difference in how the rest of 2022 goes for the stock market.
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Cloud companies in particular have had a terrible year of trading.
Recessionary headwinds are forming, but these cloud stocks look set to outperform.

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2023 could be an excellent year for this trio.
These game-changing companies are incredible deals following a 38% peak plunge in the Nasdaq Composite.
CrowdStrike's (CRWD) Q3 results are likely to reflect the benefits of a solid demand environment for security solutions, contributions from the newly acquired businesses and the addition of new custom
The third quarter 2022 earnings season isn't over yet, but more than 90% of the companies have already reported their earnings so far.
CRWD shares have slipped alongside most technology stocks in 2022, underperforming the general market across several timeframes.
Business is booming for CrowdStrike, Arista Networks, and The Trade Desk. The stock prices could follow.
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