• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

CrowdStrike beats Q3 estimates on cybersecurity demand

by November 26, 2024
written by November 26, 2024

Investing.com — Cybersecurity firm CrowdStrike Holdings Inc (NASDAQ:CRWD) on Tuesday reported a better than expected quarterly earnings on the back of strong demand for its cybersecurity products at a time when there is rising online threats fueled by the use of artificial intelligence (AI). 

Its third-quarter revenue rose about 29% to $1.01 billion, beating estimates of $982 million.

It reported an a profit per share of 93 cents, above expectations of 81 cents.

“CrowdStrike surpassed $4 billion in ending ARR in the quarter – the fastest and only pure play cybersecurity software company to reach this reported milestone – as our single platform approach and trailblazing innovation continue to resonate at-scale,” said CEO George Kurtz. 

With enterprises increasing cybersecurity investments to combat rising online threats and AI-driven cyberattacks, CrowdStrike has leveraged its unified security platform to meet growing demand.

 

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Mexico stocks lower at close of trade; S&P/BMV IPC down 0.98%
next post
U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.28%

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025
    • OpenAI tops 3 million paying business users, launches new features for workplace

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (503)
    • Stock (6,426)

    Latest News

    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • Indicator points to slow recovery for European IT services during 2025: BofA
    • Ukraine dollar bonds and GDP warrants extend Trump-win rally

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy