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☆ These corporate insiders have bought and sold millions of their own stock in May
▼ + stars: | 2024-05-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Corporate insiders have been actively buying and selling their own stock in May, with one recent weeklong stretch showing higher ups at five different companies spent at least $1 million, according to VerityData. A similar situation happened at Akamai Technologies , where CEO Tom Leighton bought about $2 million worth of stock last Tuesday. Insider sales The dollar figures attached to major insider sales during the same time period were even larger than the buys. Meanwhile, Crowdstrike CFO Burt Podbere sold about $8 million of stock, with chief security officer Shawn Henry also selling shares. The CEOs of Squarespace and T-Mobile each sold more than $6.5 million worth of stock.

Persons: VerityData, Jared Isaacman, Isaacman, Nancy Disman, Tom Leighton, Anthony Williams, John Childs, Childs, Gregory Bailey, Vlad Coric, Jayshree Ullal, Burt Podbere, Shawn Henry, Anthony Casalena's, Jonathan Neman, —, Nick Wells Organizations: Shift4, Akamai Technologies, VerityData, Arista Networks, Mobile Locations: Biohaven

☆ CrowdStrike shares surge on earnings beat, strong full-year guidance
▼ + stars: | 2024-03-05 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

CrowdStrike shares surged as much as 21% in after-hours trading Tuesday, after the cybersecurity company reported a beat on the top and bottom lines, and issued stronger than expected guidance for the upcoming quarter and full year. CrowdStrike has now reported GAAP net income for the last four quarters, CFO Burt Podbere said in the earnings release. "CrowdStrike is cybersecurity's consolidator of choice, innovator of choice, and platform of choice to stop breaches," co-founder and CEO George Kurtz said in a release. The company also guided to fiscal first-quarter revenues between $902 million and $906 million, better than a consensus estimate of $899 million. CrowdStrike also expects EPS for the period between 89 to 90 cents, better than the 82 cent consensus estimate.

Persons: George Kurtz, CrowdStrike, Burt Podbere, Podbere Organizations: Crowdstrike Holdings Inc, Bloomberg Technology, RSA Conference, Security Locations: San Francisco , California

☆ Here's what earnings from industry rivals mean for two Club names
▼ + stars: | 2023-06-01 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

And that's what we care most about as investors in the cybersecurity industry since February, when we first took a position in Palo Alto . "We don't see the demand for cybersecurity slowing down.," Palo Alto CEO Nikesh Arora told CNBC Thursday. Palo Alto last week delivered a quarterly beat, while raising its full-year earnings guidance . We prefer Palo Alto over CrowdStrike for multiple reasons, including the former's profitability profile, its leading multi-platform approach and Arora's deft leadership. With ample growth still ahead, we're staying long Palo Alto.

Persons: Palo, Nordstrom, Macy's, Jeff Gennette, Gennette, Wednesday's, Erik Nordstrom, —, CrowdStrike, Burt Podbere, Podbere, Nikesh Arora, we're, Jim Cramer's, Jim Cramer, Jim, Daniel Acker Organizations: Nordstrom, TJX Companies, Palo Alto Networks, Marshalls, Palo, CNBC, Palo Alto, TJ Maxx, Bloomberg, Getty Locations: New York, U.S, Palo Alto, CrowdStrike, Peoria , Illinois

☆ CrowdStrike shares tumble as revenue shows signs of slowing
▼ + stars: | 2023-05-31 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

CrowdStrike reported first-quarter earnings results for its fiscal 2024 year Wednesday, beating consensus estimates on the top and bottom lines but sending shares down more than 11% after hours on slowing revenue growth. : 57 cents, adjusted, vs. 51 cents expected. Revenue: $692.6 million, vs. $676.4 million expected. CrowdStrike swung to a profit of $500,000, or breakeven per share, compared with a loss of $31.5 million, or 14 cents a share, a year ago. The company offered current quarter guidance of $717.2 million to $727.4 million, compared with a consensus range of $698 million to $742 million.

Persons: CrowdStrike, George Kurtz, Burt Podbere, Kurtz Organizations: Revenue, Nasdaq, Microsoft, U.S . Navy, National Security Agency, U.S . Department of Justice Locations: cybersecurity, China, U.S, Guam

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