CrowdStrike forecasts upbeat annual results on resilient cyb...

:CrowdStrike Holdings forecast annual results above Wall Street estimates on Tuesday, lifted by strong enterprise spending on cybersecurity to counter rising online threats, sending its shares soaring in extended trade. Shares of CrowdStrike were up about 22 per cent while other cybersecurity stocks also rallied after hours. SentinelOne jumped 6.9 per cent, while Palo Alto Networks and Fortinet each gained over 3 per cent, and Zscaler rose over 2 per cent. The fast adoption of generative AI has opened new challenges for enterprises and has led to investments in cybersecurity services, such as the ones offered by CrowdStrike, to secure their business operations against external threats. Analysts expect CrowdStrike, which offers unified platforms such as Falcon, to benefit from improved spending trends. The company sees adjusted profit between $3.77 and $3.97 per share for fiscal 2025,...