Cybersecurity industry investors have been experiencing the jitters after Palo Alto Networks’ (PANW:NASDAQ) back-to-back quarters of soft guidance. It’s certainly put pressure on large sector ETFs, with firm early year gains for £1 billion-plus ETFs L&G Cyber Security (ISPY) and iShares Digital Security (LOCK) all but wiped out in.

Which piles the pressure on Crowdstrike (CRWD), one of cybersecurity’s hottest and most highly-rated stocks, due to report quarterly earnings on 4 June.

Last time out (5 March), Crowdstrike blasted past consensus estimates on both the earnings and revenue front, feeding the view that as AI (artificial intelligence) shapes the tech landscape, the Austin, Texas-based has scope to leverage new technology in digital security tools in much the same way that Nvidia (NVDA:NASDAQ) is doing in the chips space.

Analysts have certainly had their own hopes raised that the company can post knockout results right through fiscal 2025. This time round consensus anticipates earnings per share in the $0.89 ballpark on $904.8   million revenue, implying eye-popping year-on-year growth of 75% and 34% respectively.

So far, investors have continued to back Crowdstrike – the stock has rallied more than 40% this year – but any sign that demand might be slowing or shifting to the right could have significant consequences. 

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