CrowdStrike pops 12% on upbeat long-term guidance at investor day

Core Insights - CrowdStrike shares increased by over 12% following the release of better-than-expected long-term guidance during its investor day [1] - The company anticipates net new annual recurring revenues (ARR) to grow at least 20% by 2027, surpassing analyst expectations [1] - CrowdStrike aims for ARR to reach $10 billion by 2031 and double to $20 billion by 2036 [1] Company Developments - CrowdStrike announced the acquisition of AI security platform Pangea and a partnership with Salesforce [2] - Wells Fargo analyst Andrew Nowinski highlighted CrowdStrike as the most advanced security platform in the industry, emphasizing the impact of new AI-based solutions [2] - Several Wall Street firms have raised their price targets for CrowdStrike following the announcements [2]