CrowdStrike pops 12% on upbeat long-term guidance at investor day
CrowdStrike logo is seen in this illustration taken July 29, 2024. CrowdStrike shares popped more than 12%, a day after the cybersecurity firm issued better-than-expected long-term guidance at its investor day. The company on Wednesday said it expects net new annual recurring revenues to grow at least 20% in 2027, ahead of analysts' expectations. CrowdStrike plans for ARR to hit $10 billion by 2031, and then double to $20 billion by 2036. Earlier this week, the firm said it was buying AI secu