Nov 26 (Reuters) - Cybersecurity firm CrowdStrike ( CRWD )

raised its annual revenue and profit forecasts and beat

third-quarter revenue on Tuesday, betting on growing demand for

cybersecurity services amid growing online threats.

Businesses are increasingly investing in Crowdstrike's ( CRWD )

comprehensive cybersecurity services to combat the widespread

threat of online hacking and digital fraud.

Several companies, including AT&T ( T ), Live Nation

Entertainment's ( LYV ) Ticketmaster unit and UnitedHealth

Group ( UNH ) have been targeted by online hacking attempts this

year.

Shares of Crowdstrike ( CRWD ) were down about 2% in extended

trading after its fourth-quarter revenue forecast failed to

impress investors.

"Despite expected headwinds from the July 19th incident. We

saw incredible success with our customer commitment packages as

customers embraced the program and chose to deepen their

relationship with CrowdStrike ( CRWD )," CFO Burt Podbere said.

CrowdStrike ( CRWD ) expects its annual revenue to be between $3.92

billion and $3.93 billion, compared with its prior expectations

of $3.89 billion to $3.90 billion. Analysts on average were

expecting $3.90 billion, according to data compiled by LSEG.

JP Morgan analysts said in a note ahead of the results that

they expect "reaccelaration" of growth and profitability,

despite the near-term pressure from the outage.

Similarly, rival Palo Alto Networks ( PANW ) beat estimates

for its first quarter, benefiting from robust spending in

November.

CrowdStrike ( CRWD ) now expects its annual adjusted profit per

share to be between $3.74 and $3.76, up from its previous

estimate range of $3.61 to $3.65.

The company's revenue for the third quarter, ended Oct.31,

rose about 29% to $1.01 billion, beating estimates of $982.4

million.

CrowdStrike ( CRWD ) expects fourth-quarter revenue to be between

$1.03 billion and $1.04 billion, compared to analysts' estimates

of $1.03 billion.