CrowdStrike

CrowdStrike drops as revenue growth fails to impress investors despite AI push

CrowdStrike drops as revenue growth fails to impress investors despite AI push June 4 : CrowdStrike shares slid 11 per cent in Thursday's premarket trading after the cybersecurity firm's annual recurring revenue (ARR) growth failed to impress investors expecting a boost from AI investments. The stock had rallied 60 per cent in May. CrowdStrike's ARR grew 22 per cent year-over-year to $4.44 billion, of which $193.8 million of net new ARR was added in the first quarter.

CrowdStrike reports higher operating expenses as AI investments gain pace

CrowdStrike reports higher operating expenses as AI investments gain pace June 3 : CrowdStrike reported a 15 per cent jump in its first-quarter operating expenses on Wednesday, as the cybersecurity company ramps up investments in AI and product development. Shares of the company fell 8 per cent in extended trading. Here are some details: • CrowdStrike expects 2027 revenue to be between $5.91 billion and $5.96 billion, compared with its prior expectations of $5.87 billion to $5.93 billion.

CrowdStrike is a buy, just not yet. Here's why

CrowdStrike on Wednesday evening reported better-than-expected quarterly results and better-than-expected forward guidance, only to see its near-record-high stock sell off. The hot money that got in, looking for a Hewlett Packard Enterprise or Dell type post-earnings surge , no doubt booked profits, sending shares down more than 11% to around $664 each. We're not short-term thinkers.

CrowdStrike narrowly beats estimates on AI tailwinds, but stock falls 10%

CrowdStrike narrowly beat Wall Street's fiscal first-quarter estimates after the bell on Wednesday, but shares slid 10% following the report. Here's how the company did versus LSEG estimates: - Earnings per share: $1.10 adjusted vs. $1.07 expected - Revenue: $1.39 billion vs. $1.36 billion estimate The cybersecurity company said revenue grew 26% from a year ago. Net income totaled about $27.8 million, or 11 cents per share.

Why we're not discouraged by CrowdStrike and Broadcom selling. Context is everything

There is no denying that waking up Thursday morning to the post-earnings declines in CrowdStrike and Broadcom is painful. It was also painful to see a similar sell-off in Palo Alto Networks in the prior session. In fact, Palo Alto stock is now riding a three-session losing streak.

CrowdStrike, Google shatter Glassworm botnet

CrowdStrike, in collaboration with Google and the Shadowserver Foundation, successfully dismantled the Glassworm botnet, a sophisticated, self-propagating worm. This malware targeted developers by spreading through poisoned software packages and used complex infrastructure, including blockchain and Google Calendar, to evade detection. The coordinated takedown severed the attackers' command-and-control channels, mitigating the threat to the software development community.

CrowdStrike CEO says AI security fears will become a bigger tailwind in coming quarters

CrowdStrike CEO George Kurtz said concerns surrounding AI-powered cyber threats are becoming a growing tailwind for the company, but investors expecting to see that impact in the first quarter were looking too soon. "You're talking about Mythos breaking in the middle of April. Our quarter ends at the end of April," Kurtz said on CNBC's "Mad Money" on Thursday.

CrowdStrike Hits Projections, Signals Resilient Cyber Demand

Crowdstrike Holdings Inc. signage on the floor of the New York Stock Exchange. Photographer: Michael Nagle/Bloomberg

CrowdStrike’s stock falls as investors find more reason to pan cybersecurity earnings

Like Palo Alto Networks before it, CrowdStrike beats financial expectations but sees its stock get punished

Palo Alto, CrowdStrike Earnings to Put 37% Cyber Rally to Test