CrowdStrike shares fall as ‘Mythos moment’ fails to cheer investors
CrowdStrike shares slid 8% 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 $190.29 billion market valuation would shrink by $14 billion.
Some analysts attributed the selloff to profit-taking by investors, as CrowdStrike shares has soared about 90% since the company’s last earnings report in March. As of Wednesday’s close, the stock was nearly 60% higher this year.
