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CrowdStrike's Gloomy Forecast 📉

And, Hewlett Packard's hybrid cloud.

June 04, 2025

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Today is Wednesday, June 4, 2025.

The Early Bird Index today is 81.91

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CrowdStrike's Gloomy Forecast 📉

Cybersecurity technology company CrowdStrike $CRWD ( â–˛ 0.52% ) fell 6.48% in after-hours trading on Tuesday after posting mixed financial earnings results.

Financials: CrowdStrike reported earnings of 73 cents per share in the past quarter, which was better than expected. But the revenue of $1.1 billion was lower than expected.

Details: The company unleashed a stock buyback of up to $1 billion on Tuesday to boost the stock price.

Outlook: CrowdStrike’s problem was its outlook. The company anticipates revenue in the current quarter to be around $1.1 billion, which is lower than expected.

Early Bird’s Nest Egg Gains: This weaker outlook signals caution amid several macroeconomic and industry-specific headwinds.

  • CrowdStrike anticipates a decline in enterprise cybersecurity spending due to tighter budgets. Border economic uncertainty seems to be at play.

  • CrowdStrike also faces intense competition from other cybersecurity firms.

Final Thoughts: Before these results, CrowdStrike’s stock reached an all-time high on Tuesday.

Notables

Notable Earnings Today: Dollar Tree (Nasdaq: DLTR), MongoDB (Nasdaq: MDB), Sprinklr (NYSE: CXM), PVH (NYSE: PVH), Five Below (Nasdaq: FIVE), ChargePoint (NYSE: CHPT), Tilly’s (NYSE: TLYS), REV Group (NYSE: REVG), Thor Industries (NYSE: THO), Verint Systems (Nasdaq: VRNT), Argan (NYSE: AGX), Genesco (NYSE: GCO), Greif (NYSE: GEF), Descartes (Nasdaq: DSGX), BARK (NYSE: BARK), Planet Labs (NYSE: PL), VersaBank (Nasdaq: VBNK).

Notable IPOs Today: N/A.

Notable Equity Crowdfunding Campaigns Ending Today: PowerBox Technology (Wefunder).

Notable Economic Events Today: ADP Nonfarm Employment Change (8:15 a.m. ET), S&P Global Services PMI (9:45 a.m. ET), ISM Non-Manufacturing PMI / Prices / Employment (10:00 a.m. ET), Crude Oil Inventories (10:30 a.m. ET), Fed Beige Book (2:00 p.m. ET).

Hewlett Packard's Hybrid Cloud

The Hewlett Packard Enterprise Company $HPE ( â–Ľ 0.45% ) jumped 4.86% in after-hours trading on Tuesday after posting strong financial results.

Financials: Hewlett Packard Enterprise reported earnings of 38 cents per share and revenue of $7.6 billion. Both were better than expected.

Powering the Story: It was an across-the-board win for Hewlett Packard Enterprise. The company’s hybrid cloud business had strong results. Revenue in that unit jumped 13%, and the operating profit margin increased from 1% to 5.4%.

Final Thoughts: These results gave investors something to cheer about. The stock has been down 17% this year.

Wells Fargo’s Asset Cap Lifted

Shares of Wells Fargo $WFC ( â–Ľ 0.64% ) increased by 2.97% in after-hours trading on Tuesday after announcing that the asset cap imposed by the Federal Reserve since 2018 in the wake of the fake-accounts scandal has been removed.

Final Thoughts: Despite the cap, Wells Fargo’s stock is up 31% since 2018.

Ruining Your Movie Experience: AMC Theaters to Run Even More Commercials Before Movies Play (Bloomberg)

Get Your Used Exercise Equipment: Peloton launching resale market for used bikes, treadmills (CNBC)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.