CrowdStrike Reports Strong Revenue But Issues Weak Earnings Forecast

CrowdStrike shares fell in extended trading after the cybersecurity firm issued weak earnings guidance. The company reported revenue above estimates, while its earnings per share figure was not comparable to analyst expectations. The cybersecurity company's annual and first-quarter earnings forecasts fell below analyst expectations. The report follows a major IT outage caused by a company update that disrupted businesses, grounded flights, and triggered lawsuits. CEO George Kurtz emphasized the growing role of artificial intelligence in cybersecurity.