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Crowdstrike, Workday, NetApp stocks move on earnings

Yahoo Finance's Ines Ferré breaks down some market movers on Wednesday morning.

Video Transcript

RACHELLE AKUFFO: All right, turning now to take a look at some of today's market movers, we have Yahoo Finance's Ines Ferre. Ines, what are you watching?

INES FERRE: Rachelle, taking a look at CrowdStrike, the cybersecurity firm stock falling to a 52-week low, down 19% after its revenue guidance for the current period came in below what analysts had been expecting. The company seeing a slowdown in annual recurring revenue because small and midsized companies, those are pulling back on spending.

Also taking a look at Workday, that stock is up 11%. The finance and human resource cloud company's revenue beat expectations. The company did narrow its subscription guidance for the full year, but analysts very positive commentary about the results for Workday.

And then just taking a look at where we're at with NetApp, that stock is down 8%. The data management company cut its forecast for the top and the bottom line. Analysts noting that businesses have been scrutinizing their budgets, taking longer to sign on deals, and reducing deal sizes. A little similar situation to what we're seeing with CrowdStrike. Morgan Stanley noting that NetApp's high tech and service provider customers are now, quote unquote, "more conservative with their spend." Guys.

RACHELLE AKUFFO: All right, thanks, Ines, for updating us there with our trending tickers.