CrowdStrike reported fiscal Q1 earnings that slightly exceeded Wall Street estimates, with adjusted EPS of $1.10 versus $1.07 expected and revenue of $1.39 billion beating the $1.36 billion forecast. The company saw a 26% revenue increase year-over-year and shifted from a net loss last year to a net income of $27.8 million. CEO George Kurtz highlighted CrowdStrike's critical role in AI security as demand for cybersecurity tools rises due to advanced AI threats. The company also announced a four-for-one stock split effective in July and raised its fiscal 2027 revenue growth forecast. Despite the earnings beat, shares dropped 9% post-report, but the stock is still up about 60% this year amid growing AI-related cybersecurity needs.
CrowdStrike reported Q1 revenue of $1.39 billion, up 26% year-over-year, surpassing analyst estimates of $1.36 billion. Adjusted earnings per share were $1.10, beating the $1.07 consensus. The company raised its FY27 net new annual recurring revenue ...
The S&P 500 has surged nearly 20% in nine weeks, but its nine-day winning streak may face a test as Broadcom and Crowdstrike report earnings after the bell. Broadcom, a chipmaker and software provider with a market cap over $2 trillion, has outperfor...
Cisco shares rose 5% to a record $127 following the launch of Cisco Cloud Control and Live Protect, AI-driven platforms enhancing cybersecurity and infrastructure management. This move pressures dedicated security firms like Palo Alto Networks and Cr...
Software stocks have reversed early-year losses, with the iShares Expanded Tech-Software ETF (IGV) up over 40% since April lows. Cybersecurity stocks, especially CrowdStrike, have driven much of this rally, with CrowdStrike's stock doubling since Apr...
Wedbush Securities highlights that AI is expanding cybersecurity risks, increasing demand for comprehensive security platforms. Palo Alto Networks and CrowdStrike, with broad capabilities and trusted customer bases, are well-positioned to benefit fro...
