CrowdStrike Surpasses Q3 Estimates Despite Global Outage Challenges

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CrowdStrike Surpasses Q3 Estimates Despite Global Outage Challenges. 💻 CrowdStrike Holdings delivered stronger-than-expected Q3 results, posting adjusted earnings of $0.93 per share on $1.01 billion in revenue, surpassing analysts’ estimates of $0.81 per share and $983 million in revenue. The cybersecurity firm overcame anticipated headwinds from a global tech outage linked to its software earlier this year, reaffirming its resilience and market leadership in cybersecurity solutions. MarketWatch reports.

⚖️ DiversityPolicies: DEI rollback reaches Walmart as backlash mounts. Yahoo Finance reports.

💥 TariffTumble: Constellation Brands’ stock falls as Trump tariff plan threatens to make Modelo and Corona more expensive. CNBC reports.

📉 BestBuyDown: Best Buy annual forecasts take a knock from weak electronics demand. Reuters reports.

⚠️ AdaniRisk: Adani hit by downgrades as projects under review in India, Sri Lanka. Reuters reports.

📉 ZoomDrop: Zoom stock falls after earnings. MarketWatch reports.

🌐 AdLaws: US judge will not delay Google search trial for DOJ switch to Trump administration. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $HWH: HWH International
Total gain: 96.46%

2. $CYCN: Cyclerion Therapeutics
Total gain: 77.2%

3. $IFBD: Infobird Co
Total gain: 53.84%

4. $IDAI: T Stamp
Total gain: 37.83%

5. $KXIN: Kaixin Hldgs
Total gain: 33.67%

The closing price of the top three market percent gainers trading near or above $3 on November 26.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $PSTX: Poseida Therapeutics
Total gain: +227.97%
The company announced that it has entered into a merger agreement to be acquired by Roche Holdings, Inc. at a price of $9.00 per share in cash at closing, along with a non-tradeable CVR offering potential contingent payments of up to $4.00 per share in cash upon achieving specific milestones. This represents a total equity value of approximately $1.5 billion on a fully diluted basis. The merger agreement has been unanimously approved by Poseida's Board of Directors, which also unanimously recommends that Poseida stockholders tender their shares in the tender offer. Benzinga reports.

2. $TOYO: Toyo Co
Total gain: +86.90%
The company is pleased to announce the signing of a significant $150 million contract to supply high-efficiency solar cells to a leading solar module manufacturer. This milestone agreement highlights the company's dedication to advancing sustainable energy and supporting the global shift toward renewable resources. Under the terms of the agreement, TOYO will provide its state-of-the-art solar cells to support the customer's expanding solar module production in both India and the U.S. Benzinga reports.

3. $PDYN: Palladyne AI
Total gain: +65.76%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

FRO: Frontline
3Q 2024
Before Market Open
Estimate: 0.450
Actual: 0.340

GOGL: Golden Ocean Group
3Q 2024
Before Market Open
Estimate: 0.330
Actual: 0.330

CDRO: Codere Online Luxembourg
3Q 2024
Before Market Open
Estimate: 0.010
Actual: N/A

Time (ET) / Report / Period

8:30 am - Initial jobless claims - November 23
8:30 am - Durable-goods orders - October
8:30 am - Durable-goods minus transportation - October

“The biggest risk is not market volatility, but our own reaction to it.”

― Burton G. MalkielSourced in:
“A Random Walk Down Wall Street: The Time-Tested Strategy for Successful
Investing”, by Burton G. Malkiel, published in 2019