CrowdStrike's Q3: AI Boosts Endpoint Security, Revenue Soars

CrowdStrikes Q3 earnings report showcases robust revenue growth, surpassing expectations with $1.23 billion, driven by increased Falcon platform adoption. Despite positive results, the market reacted negatively. CrowdStrikes adjusted EPS of $0.96 beat estimates, attributed to growing interest in endpoint security, particularly with AI adoption. CEO George Kurtz emphasized the critical role of endpoint security in the evolving threat landscape. For Q4, CrowdStrike expects $1.30 billion in revenue and raised full-year adjusted EPS guidance to $3.71. Analysts focus on Falcon Flex licensing, new product modules, strategic partnerships, and AI-related security demand growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.