Reported 4 months ago
Shares of CrowdStrike Holdings surged by 11.3% as the company reported strong demand for its cybersecurity technology, with forecasted revenue exceeding Wall Street expectations. The company's current-quarter revenue forecast of $958.3 million to $961.2 million and full-year 2025 revenue estimate of $3.98 billion to $4.01 billion impressed analysts. CrowdStrike has consistently outperformed earnings estimates for the past 8 quarters. Analysts remain positive on CrowdStrike's growth potential, with varying price targets, while competitors like Palo Alto Networks and Zscaler also experienced rises in their stock values.
Source: YAHOO