CrowdStrike Raises Annual Forecast

CrowdStrike reported a second-quarter revenue beat and raised its annual forecast due to growing demand for cybersecurity services. Shares rose over ten percent in extended trading as annual recurring revenue increased.

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FILE PHOTO: CrowdStrike logo is seen in this illustration taken July 29, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

CROWDSTRIKE HOLDINGS INC - A raised its full-year revenue forecast to between $5.991 billion and $6.01 billion on Wednesday evening, beating second-quarter estimates. Shares of the Austin, Texas-based company rose 10% in extended trading. The upward revision follows surging demand for cloud-based cybersecurity platforms.

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