— Shares of CrowdStrike surged more than 12% after the cybersecurity company posted quarterly results that topped expectations. CrowdStrike reported 8 cents in earnings per share on $232.5 million in revenue. Analysts surveyed by Refinitiv had expected a slight loss and $212.6 million in revenue.
— Shares of Stitch Fix dropped nearly 4% after Wells Fargo downgraded the online personal styling service company to "underweight" from "equal weight." The bank said the stock has "unfavorable risk/reward from here" after a 50% rally this year. — Shares of Splunk plunged 21% after the software company reported disappointing quarterly results. Splunk posted a loss per share of $1.39, compared to a FactSet estimate of a 51 cents a share loss.
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