🟢 CRWV shares rise 4% as investors digest Q1 earnings beat and weak Q2 guidance

CRWV is trading at $112.16 (+4.09%) as investors react to the company's first-quarter earnings report released today.

• Q1 Earnings Beat: The company reported Q1 revenue of $2.08 billion, surpassing the Wall Street consensus of $1.97 billion.
• Weak Guidance: However, guidance for Q2 was weaker than expected, with a forecast of $2.45 to $2.6 billion in sales compared to the $2.7 billion analysts anticipated.
• Analyst & Price Context: The stock is rebounding from a -6.06% drop in the previous session. The company also reported a substantial increase in its revenue backlog, reaching nearly $100 billion.