CrowdStrike's Stock Slump: Is This My Lip Kit Launch All Over Again?

Reality Check: What's Going On?

Okay so like I heard that CrowdStrike's stock kinda took a tumble. Apparently their revenue forecast wasn't giving what it needed to give. Remember when my first Lip Kit launched and the website crashed? Kinda gives me those vibes! They're saying their revenue might be between $1.14 billion and $1.15 billion this quarter but the analysts were expecting $1.16 billion. Like a *billion* dollars but still it's not ideal.

Blame Game: Who's At Fault?

Turns out there was this whole outage thing last summer that like messed with flights and even hospitals. And they had this customer loyalty program that they stopped which apparently cost them around $11 million. Finance chief Burt Podbere is saying it'll keep impacting their revenue. Honestly sometimes it feels like running a business is harder than choosing a filter for Instagram!

Drama Alert: The Feds Are Investigating?

Okay this is where it gets a little more sus. The Justice Department and the SEC are asking questions about their revenue and that outage. Like are they coming for me next? Just kidding... mostly. But seriously investigations are never a good look. It's like when people try to say I haven't had any work done. The receipts are there people!

Bad Press Is Bad For Business

Some analyst even downgraded their stock. He's saying there are too many 'one time events' and lingering issues. It is what it is... Unless you can change it. Gotta remember that right? Honestly it's giving me deja vu of when people said my first makeup line was overpriced. Turns out they were wrong but still!

Some Good News... Maybe?

Okay so it's not all bad. They actually beat earnings estimates and matched revenue for the first quarter. Plus they raised their full year earnings outlook. So like they're still making money just not as much as everyone hoped. It's kinda like when I try to bake a cake and it doesn't look perfect but it still tastes good. At least there is some saving grace!

Investing In Themselves

Here's the tea: CrowdStrike is doing a $1 billion share repurchase plan. Basically they're buying their own stock back which can help boost the price. It's like when I treat myself to a new Birkin bag after a long day. Gotta invest in yourself right?