Investor ExpectationsHigh investor expectations may lead to disappointment as the stock was down after impressive Q1 results, and a similar situation may unfold during the Q2 print.
Market ValuationWith the recent run in CRWD, up approximately 60% in the past 3 months, the enterprise value now exceeds $125B, leading shares to be considered overvalued.
Valuation ConcernsThe current 21x EV/2026E Sales multiple presents a sizable premium to the large cap software peer average at 12x, a premium that persists even when adjusted for growth rates.