1844 ET - Investor excitement around CrowdStrike's strong second-quarter print is spilling over to Palo Alto Networks, the other leading cybersecurity firm. CrowdStrike reports 26% revenue growth and a swing to a profit, saying that the development of Anthropic's powerful Mythos AI model "translated into mass-market acceptance that AI adoption needs security, and that's CrowdStrike." Palo Alto, which is set to report its own earnings next week, has similarly touted a surge in demand driven by AI. CrowdStrike rallies 10%, to $208.75, after-hours, while Palo Alto gains 5%, to $356.39.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.