May was big for tech. Could June be even bigger? You're listening to Motley Full Money.

Welcome to Motley Full Money. I'm Deidra Wallard and I'm joined by Motley Full Analyst

and buyers. Hi Tim. Hey Deidra, fully caffeinated. Ready to go? Lot of earnings. Lot of tech. So we've

got a shiny new month here last month, big month for tech and the NASDAQ, more tech focused

up nearly 6% QQQ which is going to be used for this other measure of tech growth. That's up 14%

for the trailing 12 months. I mean I don't want to get too optimistic here but I've our happy days

here again or should we be a little bit cautious about what we're seeing? We should be a lot bit cautious.

I'm not saying that's not to be the hey get off my lawn guy here. I'm just saying that these things

tend to come in spurts and we should expect that there will be skepticism, there will be some reports

that disappoint. No, I don't think we're at happy days or here again. That's not the moment

that we're in. What we are in is where things are starting to normalize a little bit, supply

chains may have loosened up a little bit and they were really tight. Maybe there's some normalize

spending here. So good players that are well positioned that have done the work to become more

profitable, more efficient. We're seeing those companies maybe doing a little bit better. The market

may not be recognizing it yet and that's okay. What's important is that some of these companies

are getting structurally better. That's nice to see. Well you just mentioned the market might not be

recognizing it and that's sort of a little bit of the theme that we saw for a couple of companies

I want to talk to you about today. First one being CrowdStrike. It seems pretty great. Revenue

up about 42% who doesn't like that. Maybe a little bit of decelerating growth but the market

didn't like this one so much. Why? It looks like because the forecast for annual recurring revenue

just wasn't up to snuff like the market won. It's something closer to 48% that's not what we got.

So whenever the market is forecasting high growth for a forward looking metric like annual

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