CrowdStrike shares slip as forecast reflects lingering effects of tech outage

CrowdStrike shares fell 3.3% before the bell on Thursday after the cybersecurity firm’s weak quarterly revenue forecast signaled the lasting effects of a botched software update last year that caused a global outage.

The company projected third-quarter sales broadly in line with analysts’ expectations as incentive programs and discounts tied to the outage weigh on the timing of subscription revenue, as it lets customers pick more products or extend usage.