CrowdStrike shares fall as ‘Mythos moment’ fails to cheer investors - BNN Bloomberg
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Article Excerpt
CrowdStrike shares slid seven per cent on Thursday after the company’s quarterly forecasts failed to meet steep investor expectations, even though demand for cybersecurity software was buoyed after Anthropic announced its Mythos AI model.
If the losses persist, the cybersecurity firm’s market valuation of nearly US$190 billion would shrink by $13 billion.
Some analysts attributed the selloff to profit-taking by investors as CrowdStrike shares have soared about 90 per cent since the company’s last earnings report in March. As of Wednesday’s close, the stock had gained nearly 60 per cent this …
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