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CrowdStrike Shares Surge on Strong Earnings and Upgraded Forecast

The cybersecurity firm outperforms Wall Street expectations, driven by robust demand for its Falcon platform.

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Overview

  • CrowdStrike's revenue for the first quarter was $921 million, surpassing analysts' estimates of $904.7 million.
  • The company raised its full-year 2025 revenue forecast to between $3.98 billion and $4.01 billion.
  • Adjusted earnings per share for the first quarter were 93 cents, exceeding the expected 89 cents per share.
  • Analysts have set new price targets for CrowdStrike, with some predicting potential inclusion in the S&P 500.
  • The firm's Falcon platform is credited for its strong performance and competitive advantage in the cybersecurity market.