CrowdStrike jumps after annual revenue forecast raise
BUZZ-CrowdStrike jumps after annual revenue forecast raise ** Shares of CrowdStrike CRWD.O up ~11% at $209.53 in extended trading
** The cybersecurity firm raises annual revenue forecast after beating second-quarter earnings estimates, as demand for its cloud-based cybersecurity platform continued to grow
** Now sees full-year revenue forecast to be between $5.991 billion and $6.01 billion, compared with a previous forecast of between $5.91 billion and $5.96 billion
** Reports second-quarter revenue of $1.47 billion, beating analysts' average estimate of $1.44 billion - data compiled by LSEG
** Co posts Q2 adjusted profit per share of 31 cents, above analysts' estimate of 29 cents
** Median PT of 55 brokerages covering the stock is $220 - data compiled by LSEG
** Up to last close, stock has risen 61.4% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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