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Benzinga
Benzinga
Business
Adam Eckert

What's Going On With CrowdStrike Stock Today?

CrowdStrike CrowdStrike Holdings CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are trading higher Wednesday after the company reported better-than-expected financial results and issued guidance above analyst estimates. Several analysts also raised price targets on the stock following the company's report.

CrowdStrike said fiscal second-quarter revenue increased 58% year-over-year to $535.2 million, which beat average analyst estimates of $515.42 million, according to Benzinga Pro. Annual recurring revenue jumped 59% year-over-year to $2.14 billion.

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