markets

Max Knoblauch3/4/25

CrowdStrike sinks after issuing brutal guidance worse than any analyst expected

Shares of cybersecurity software maker CrowdStrike slipped 6% in after-hours trading following the release of the company’s fourth-quarter earnings report.

The report itself was strong: CrowdStrike saw a 25% spike in revenue to $1.06 billion for the quarter, subscription revenue climbed 27% to just over $1 billion, and annual recurring revenue rose 23% to $4.24 billion.

The reason for the sell-off likely has to do with CrowdStrike’s Q1 and full-year guidance, both of which missed expectations by a lot.

Management’s Q1 guidance calls for earnings per share between $0.64 and $0.66; the consensus estimate was $0.96 and the low forecast among analysts polled by Bloomberg was $0.84!

CrowdStrike’s operating expenses rose to nearly $3.1 billion on the year, up from $2.3 billion in the year prior. At a 33% growth rate, expenses are rising faster than revenue, which rose 29% annually.

The report caps a wild year for CrowdStrike. The company’s shares plunged by more than a third in the weeks following its July software glitch that caused thousands of canceled flights, computer crashes, and hospital system glitches across the world. The so-called “largest IT outage ever” cost Fortune 500 companies more than $5 billion.

CrowdStrike reported another $21 million in costs related to the July incident in its report, bringing the annual total to $60 million.

CrowdStrike appears to be on the road to recovery from the outage. By the end of January, its market cap had more than recovered the $30 billion lost amid its botched update. Shares were up around 12% year to date prior to its earnings report, despite having dipped in late Februrary following news that the DOJ and SEC were investigating one of its contracts with the IRS.

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General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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