Several cybersecurity stocks are trading higher in Tuesday's after-hours session in sympathy with CrowdStrike Holdings Inc ( CRWD ) , which surged after the company reported better-than-expected results and issued upbeat guidance.
Some of the biggest movers include SentinelOne Inc ( S ) , Palo Alto Networks Inc ( PANW ) , Fortinet Inc ( FTNT ) and Zscaler Inc ( ZS ) .
What Happened With CRWD: CrowdStrike's ( CRWD ) fourth-quarter revenue increased 33% year-over-year to $845.34 million, which beat the consensus estimate of $839.04 million, according to Benzinga Pro. The cybersecurity company reported quarterly earnings of 95 cents per share, which beat analyst estimates of 82 cents per share.
CrowdStrike ( CRWD ) has exceeded analyst estimates on both the top and bottom line in every quarter since the company went public in 2019, per Benzinga Pro.
Annual recurring revenue increased 34% year-over-year to $3.44 billion after the company added $281.9 million of net new ARR in the fourth quarter … read the full story here.
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S, PANW, FTNT, ZS Price Action: SentinelOne ( S ) shares were up 6.86% at $27.75, Palo Alto shares were up 4.57% at $304.44, Fortinet ( FTNT ) shares were up 3.62% at $71.51, and Zscaler ( ZS ) shares were up 3.39% at $213.35, according to Benzinga Pro.