Several cybersecurity stocks are trading higher in Tuesday's after-hours session in sympathy with CrowdStrike Holdings Inc CRWD, which surged after the company reported better-than-expected results and issued upbeat guidance.
Some of the biggest movers include SentinelOne Inc S, Palo Alto Networks Inc PANW, Fortinet Inc FTNT and Zscaler Inc ZS.
What Happened With CRWD: CrowdStrike's fourth-quarter revenue increased 33% year-over-year to $845.34 million, which beat the consensus estimate of $839.04 million, according to Benzinga Pro. The cybersecurity company reported quarterly earnings of 95 cents per share, which beat analyst estimates of 82 cents per share.
CrowdStrike has exceeded analyst estimates on both the top and bottom line in every quarter since the company went public in 2019, per Benzinga Pro.
Annual recurring revenue increased 34% year-over-year to $3.44 billion after the company added $281.9 million of net new ARR in the fourth quarter … read the full story here.
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S, PANW, FTNT, ZS Price Action: SentinelOne shares were up 6.86% at $27.75, Palo Alto shares were up 4.57% at $304.44, Fortinet shares were up 3.62% at $71.51, and Zscaler shares were up 3.39% at $213.35, according to Benzinga Pro.
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