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CrowdStrike Shares Rise On Earnings Beat

Shares of the cybersecurity company are rising on stronger-than-expected earnings, optimisti𝐆c reven🦋ue forecast

CrowdStrike HQ

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Shares of cybersecurity company CrowdStrike (CRWD) are ri🐻sing 5% in early trading Wednesday after the company posted earnings that topped analyst estimates and offered an 🎉optimistic revenue outlook.

CrowdStrike earnings for the fourth quarter rose 57% to $0.47 per share, compared to estimates of $0.43 per share. Revenue jumped 48% to $637.4 million, more than the $625 million analysts anticipated. A year ago, the cybersecurity firm earned $0.30 per share on ဣrevenu🌌e of $431 million. 

For the current quarter ending in April, CrowdStrike forecast revenue of $676.5 million, top🌜ping estimates of $663 million as it seeks more business from small and mid-sized firms.

The cybersecurity firm uses 澳洲幸运5官方开奖结果体彩网:machine learning, a form of 澳洲幸运5官方开奖结果体彩网:artificial intelligence, in its products, which includes a specialized daꦦtabase to detect malware on laptops, mobile phones💦, and other devices that access corporate networks.

Shares of 💧CrowdStrike are up 24% this y﷽ear, and down 22% over the past year.

CrowdStrike (CRWD) YTD Return

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