CrowdStrike sparks rally across cybersecurity stocks after upbeat forecast

SentinelOne

27/08/2026 16:58

Updates
** Shares of cybersecurity firm CrowdStrike CRWD.O jump 17% to $221.53, putting the stock on track for its best day since late March 2020
** The rally spills over to the broader cybersecurity sector, with shares of Palo Alto PANW.O, FortinetFTNT.O, ZscalerZS.O, SentinelOneS.N, SailPoint SAIL.O and Rapid7 RPD.O rising between 6% and 14%
** Co beats Q2 rev, profit estimates and raised its annual revenue forecast, citing strong cybersecurity demand
** Posts Q2 revenue of $1.47 bln, beating estimates of $1.44 bln, per LSEG data
** Lifts full-year revenue forecast to between $5.99 bln and $6.01 bln from $5.91 billion-$5.96 billion previously
** Stock recently at 132 times expected earnings, vs its five-year avg forward PE of 111, per LSEG data, suggesting the stock might be overvalued
** Average rating of 55 analysts covering the stock is 'buy', and their median price target is $235- LSEG-compiled data
** Stock has surged about 90% YTD, outperforming the 13.7% rise in the Nasdaq .IXIC

 (Reporting by Joel Jose and Rashika Singh in Bengaluru)
 ((joeljose@thomsonreuters.com))