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Jun 2, 2026 8:00 PM

CrowdStrike Stock Is Climbing After The Close: Here's Why

CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are moving higher in extended trading on Tuesday following strong quarterly results from cybersecurity peer Palo Alto Networks (NASDAQ:PANW).

CrowdStrike Holdings stock is approaching key resistance levels. Why are CRWD shares at highs?

Palo Alto Reports Beat-And-Raise Q3

Palo Alto beat estimates on the top and bottom lines in the third quarter, reporting revenue of $3 billion versus estimates of $2.94 billion, and adjusted earnings per share of 85 cents versus estimates of 80 cents.

The cybersecurity giant highlighted accelerating organic bookings growth due to AI-related demand and noted that AI advancements are ...