“Every enterprise will run on AI, and securing it is the largest market opportunity in our history,” Kurtz said.
CrowdStrike and Okta popped after beating Wall Street's expectations and lifting guidance due to AI adoptions The rise of advanced but potentially risky AI models has led customers to spend on more cyber tools.
CrowdStrike CRWD shares jumped more than 9% in premarket trading Thursday after the cybersecurity company beat second-quarter earnings expectations and raised its full-year revenue forecast, as businesses stepped up spending to protect against increasingly sophisticated threats linked to artificial intelligence. The Austin, Texas-based company reported adjusted earnings of 31 cents per share, c...
A number of Wall Street banks, including Jefferies, raised their price targets for the cybersecurity's stock following its record-breaking results.
Stock futures are rising this morning as Nvidia's blockbuster results power the AI trade; Nvidia shares are surging after the chipmaker's quarterly report topped Wall Street estimates; Salesforce stock is rallying after its own strong report and the announcement of an expanded partnership with Anthropic; CrowdStrike shares are also on the rise thanks to a record quarter; and AI chip designer Ma...
Nvidia stock was surging alongside Salesforce and CrowdStrike. They all delivered impressive earnings in a reminder of the power of incumbents.
The cybersecurity companies are benefiting from AI adoption that is driving demand for security products.
