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 growth guidance to 27.7%. CrowdStrike also announced a four-for-one stock split, effective July 2, 2026. Despite strong results, shares fell 8% in after-hours trading due to profit-taking.
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...
Software stocks have surged back after a significant AI-driven sell-off last year, with the iShares Expanded Tech-Software Sector ETF (IGV) now in positive territory for 2026. Cybersecurity stocks, including CrowdStrike and Palo Alto Networks, are le...
