Cybersecurity firm Crowdstrike forecast first-quarter revenue slightly below estimates, as it grapples with weak spending on its cybersecurity products.

CrowdStrike shares dropped more than 9% in extended trading after the cybersecurity software issued weaker-than-expected guidance.

CrowdStrike's focus on a single lightweight agent and a unified security platform sets it apart, and it offers scalable solutions that accommodate customers' evolving needs. The company's recent strategic focuses have included enhancing its cloud and SaaS security offerings and maintaining its strong push towards AI-driven solutions.