CrowdStrike Falls, Wells Fargo Rises, HPE Gains on Strong Revenue
On this episode of Stock Movers:- CrowdStrike shares (CRWD) fall after the cybersecurity company posted disappointing first-quarter subscription revenue due to an impact from programs related to its post-outage Customer Commitment Package (CCP). Its second-quarter sales forecast also underwhelmed, while an unchanged view on full-year revenue was seen as negative by some analysts. Evecore ISI and Canaccord downgraded the stock.- Wells Fargo shares (WFC) rise after CEO Charlie Scharf cleared the Federal Reserve's seven-year-old cap on assets, allowing the bank to grow and compete with larger…
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