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.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02CrowdStrike shares fell on extended trading after the cybersecurity firm issued weak earnings
00:06guidance. The company reported revenue above estimates, while its earnings per share figure
00:11was not comparable to analysts' expectations. The cybersecurity company's annual and first
00:16quarter earnings forecast fell below analysts' expectations. The report follows a major IT
00:21outage caused by a company update that disrupted businesses, grounded flights, and triggered
00:26lawsuits. CEO George Kurtz emphasized the growing role of artificial intelligence in cybersecurity.
00:33For all things money, visit Benzinga.com slash GSTV.