Shares of CrowdStrike jumped 10% after the company delivered another beat-and-raise quarter, cementing the thesis that cybersecurity has become one of the most critical investment priorities for companies.
Revenue in CrowdStrike's fiscal 2027 second quarter increased 26% year over year to $1.47 billion, exceeding the $1.44 billion consensus estimate.
Adjusted earnings per share (EPS) increased 35% to $0.31, ahead of the $0.29 estimate.
The stock had pulled back heading into the print but was still up roughly 61% for the year before its after-hours move. The company's net new annual recurring revenue (NNARR) of $333 million was above the Street's $284 million estimate.
Founder and CEO George Kurtz stated that AI adoption requires security.
For its full fiscal year 2027, CrowdStrike management expects total revenue to be in the range of roughly $5.991 billion to $6.011 billion.
