Cyber momentum: How CrowdStrike is positioned for growth

Shares of CrowdStrike (CRWD) are trading higher on Tuesday after the company posted its fourth quarter earnings, revealing $845 million in revenue versus an expected $839 million. In addition, the company issued a better-than-expected full-year guidance for 2024. Rob Owens, Piper Sandler Senior Research Analyst, joins Yahoo Finance to discuss CrowdStrike's planned acquisition of Flow Security and broader cyber momentum as large corporations are navigating security challenges. The upcoming election could also be a catalyst for CrowdStrike, Owens explains: "Obviously there's speculation from a partisan perspective as to one side being more tech-friendly than the other, but at the end of the day, we're seeing a lot of nation state activity. Even the head of the FBI came out recently and predicted some type of Pearl Harbor-like activity that may happen to our critical infrastructure within the next six to nine months. I think cyber is going to be top of mind, whether that is attacks on digital infrastructures or whether that's attacks on physical infrastructures as they become integrated with IT. So, at the end of the day, I think that election season is going to continue to point to a lot of deep fakes, a lot of phishing attempts as well, and the potential for increased attacks. " For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino