- CrowdStrike issued better-than-expected long-term guidance at its investor day on Wednesday.
- The cybersecurity company also announced a partnership with Salesforce and an AI security acquisition this week.
- Cybersecurity has been a hot area for deal-making this year, with Google and Palo Alto Networks shelling out multibillions on Wiz and CyberArk, respectively.
CrowdStrike shares popped about 13%, a day after the cybersecurity firm issued better-than-expected long-term guidance at its investor day.
The company on Wednesday said it expects net new annual recurring revenues to grow at least 20% in 2027, ahead of analysts’ expectations. CrowdStrike plans for ARR to hit $10 billion by 2031, and then double to $20 billion by 2036.
Earlier this week, the firm said it was buying AI security platform Pangea and announced a partnership with Salesforce.
“CrowdStrike is by far the most advanced security platform in the industry, and the plethora of AI-based solutions announced today will further separate CrowdStrike from the competition,” wrote Wells Fargo analyst Andrew Nowinski in a note following the event.
Source: https://www.cnbc.com/2025/09/18/crowdstrike-investor-day-stock.html