Oof, CRWD plummets over 7% after providing weak estimates for Q3. Sounds like government and enterprise spending on cybersecurity products is dwindling. Probably reallocating that money on AI, AI, and more AI. Oh, and a $1 billion dollar buyback program. Can't forget about the shareholders even when you have a PE ratio of nearly 1000 and a gloomy outlook.
Viewing post by MICROMAN
AlphaGod
7 months ago
Why would anybody buy into this, it's insanely overpriced for what it is