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CrowdStrike Holdings
(NASDAQ:CRWD)
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Rating:75Outperform
Price Target:
$218.00
▼(-48.58% Downside)
Action:Reiterated
Date:07/06/26
The score is driven primarily by strong financial durability and cash generation (scaling revenue, high margins, expanding free cash flow) plus a very positive earnings update with raised guidance and record ARR/FCF metrics. Offsetting these strengths are a stretched technical setup (overbought indicators) and weak valuation signals from a highly negative P/E and no dividend yield provided.
Positive Factors
Recurring ARR Growth
Large, accelerating ARR demonstrates durable subscription revenue and strong product stickiness. A $5.51B ARR base growing >24% provides predictable recurring cash flows, expands cross-sell opportunity across Falcon modules, and underpins multi-year revenue visibility and customer retention dynamics.
Negative Factors
GAAP Profitability Volatility
Inconsistent GAAP profitability reflects ongoing investment cadence and lumpy non-operating items, which can depress accounting returns despite strong cash. Persistent net loss volatility may constrain ROE, complicate comparisons with peers, and leave execution sensitive to cost control over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring ARR Growth
Large, accelerating ARR demonstrates durable subscription revenue and strong product stickiness. A $5.51B ARR base growing >24% provides predictable recurring cash flows, expands cross-sell opportunity across Falcon modules, and underpins multi-year revenue visibility and customer retention dynamics.
Read all positive factors
CrowdStrike Holdings Key Performance Indicators (KPIs)
Any
Revenue by Geography
Shows revenue split across regions (e.g., North America, EMEA, APAC) to reveal geographic concentration and growth opportunities. Heavy reliance on the U.S. can increase exposure to domestic cycles, while faster international growth signals broader product adoption and a larger addressable market.
Shows revenue split across regions (e.g., North America, EMEA, APAC) to reveal geographic concentration and growth opportunities. Heavy reliance on the U.S. can increase exposure to domestic cycles, while faster international growth signals broader product adoption and a larger addressable market.
Data provided by:
The Fly
The FlyCrowdStrike Holdings (CRWD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$194.61B
Dividend YieldN/A
Average Volume (3M)12.84M
Price to Earnings (P/E)―
Beta (1Y)1.79
Revenue Growth23.17%
EPS Growth73.57%
CountryUS
Employees10,118
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.05
Shares Outstanding1,018,259,300
10 Day Avg. Volume10,877,008
30 Day Avg. Volume12,837,372
Financial Highlights & Ratios
PEG Ratio-0.97
Price to Book (P/B)25.17
Price to Sales (P/S)23.17
P/FCF Ratio85.09
Enterprise Value/Market Cap0.87
Enterprise Value/Revenue33.40
Enterprise Value/Gross Profit44.51
Enterprise Value/Ebitda508.29
Forecast
1Y Price Target
$198.62Price Target Upside-53.15% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering37
EPS Forecast (FY)1.23
Revenue Forecast (FY)$5.94B
CrowdStrike Holdings Business Overview & Revenue Model
Company Description
CrowdStrike Holdings, Inc. delivers cloud-native cybersecurity solutions. Its comprehensive suite safeguards endpoints, cloud workloads, user identities, and critical data. The company's offerings span a wide range, including threat intelligence, ...
How the Company Makes Money
CrowdStrike primarily makes money by selling subscriptions to its CrowdStrike Falcon cybersecurity platform. Revenue is largely recurring and is generated from customers paying for access to Falcon platform modules (sold on a subscription basis), ...
CrowdStrike Holdings Earnings Call Summary
Earnings Call Date:Jun 03, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Sep 02, 2026
Earnings Call Sentiment Positive
The call conveyed strong, broad-based operational and financial momentum: record net new ARR, accelerating ARR and revenue growth, record free cash flow and operating income, rapid traction in new AI-focused products (AIDR, next-gen SIEM), meaningful Flex adoption, raised FY27 guidance, and a share split. Management also emphasized strategic hires, acquisitions and large new‑logo wins. The primary risks noted were that much of the upside is tied to continued AI adoption (still early and uneven across enterprises), some short-term seasonality in cash flow (Q2), and the need to manage increased attack-surface complexity. Overall, the positives (beats, record metrics, stronger guidance and visible AI-driven demand) materially outweigh the lowlights.Positive Updates
Record Net New ARR
Record Q1 net new ARR of $255.8M, up 32% year-over-year, exceeding the high end of guidance.
Negative Updates
Dependence on AI Tailwind and Forward-Looking Uncertainty
Management is raising guidance based on an AI-driven inflection (Mythos) and strong pipeline, creating dependence on continued AI adoption; forward-looking statements carry execution and market-risk if AI momentum moderates.
Read all updates
Q1-2027 Updates
Positive
Negative
Record Net New ARR
Record Q1 net new ARR of $255.8M, up 32% year-over-year, exceeding the high end of guidance.
Read all positive updates
Company Guidance
CrowdStrike raised FY27 guidance after a strong Q1: Q1 results included record net new ARR $255.8M (up 32% YoY), ending ARR $5.51B (>24% YoY), total revenue $1.39B (up 26%), subscription revenue $1.32B, professional services $64.8M, non‑GAAP gross margin 79% (subscription 81%), non‑GAAP operating income $325.7M (24% of revenue), non‑GAAP net income $283.4M ($1.10 diluted), cash & equivalents $4.55B, operating cash flow $590.9M and record free cash flow $468.5M (34% of revenue); the company repurchased $176M of stock and has ~$1.3B remaining authorization. For Q2 FY27 CrowdStrike guides ARR $5.793B–$5.795B (24% YoY), net new ARR $284M–$286M (28–29% YoY), revenue $1.436B–$1.442B (23% YoY), non‑GAAP operating income $346M–$349M, non‑GAAP net income $301M–$303M and diluted non‑GAAP EPS $1.16–$1.17 (split‑adjusted $0.29). Full‑year FY27 guidance: ARR $6.532B–$6.556B (24–25% YoY), net new ARR $1.279B–$1.303B (27–29% YoY), revenue $5.915B–$5.959B (23–24%), non‑GAAP operating income $1.452B–$1.480B, non‑GAAP net income $1.263B–$1.285B and non‑GAAP EPS $4.88–$4.96 (split‑adjusted $1.22–$1.24); management also noted they raised full‑year net new ARR guidance by ~$52M (≈520 bps to a 27.7% midpoint), expect net new ARR seasonality ~42% H1/58% H2, Q2 FCF margin ~24.5% and at least 30% FCF margin for the year with FCF dollars ~46% H1/54% H2, and announced a 4‑for‑1 stock split.CrowdStrike Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.09B | 4.81B | 3.95B | 3.06B | 2.24B | 1.45B |
| Gross Profit | 3.82B | 3.59B | 2.96B | 2.30B | 1.64B | 1.07B |
| EBITDA | 334.70M | 182.48M | 294.80M | 293.83M | -40.75M | -65.98M |
| Net Income | -24.52M | -162.50M | -19.27M | 89.33M | -183.25M | -234.80M |
Balance Sheet | ||||||
| Total Assets | 11.27B | 11.09B | 8.70B | 6.65B | 5.03B | 3.62B |
| Cash, Cash Equivalents and Short-Term Investments | 4.55B | 5.23B | 4.32B | 3.47B | 2.71B | 2.00B |
| Total Debt | 821.34M | 820.08M | 788.90M | 792.87M | 783.62M | 774.72M |
| Total Liabilities | 6.59B | 6.61B | 5.38B | 4.31B | 3.54B | 2.58B |
| Stockholders Equity | 4.63B | 4.43B | 3.28B | 2.30B | 1.46B | 1.03B |
Cash Flow | ||||||
| Free Cash Flow | 1.45B | 1.31B | 1.07B | 929.10M | 674.57M | 441.10M |
| Operating Cash Flow | 1.82B | 1.61B | 1.38B | 1.17B | 941.01M | 574.78M |
| Investing Cash Flow | -1.66B | -764.48M | -536.59M | -340.65M | -556.66M | -564.52M |
| Financing Cash Flow | -61.07M | 132.45M | 107.21M | 93.16M | 77.44M | 72.53M |
CrowdStrike Holdings Technical Analysis
Positive
423.95
Price Trends
161.75
Positive
132.23
Positive
127.19
Positive
Market Momentum
9.68
Negative
68.53
Neutral
64.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRWD, the sentiment is Positive. The current price of 423.95 is above the 20-day moving average (MA) of 179.50, above the 50-day MA of 161.75, and above the 200-day MA of 127.19, indicating a bullish trend. The MACD of 9.68 indicates Negative momentum. The RSI at 68.53 is Neutral, neither overbought nor oversold. The STOCH value of 64.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CRWD.
CrowdStrike Holdings Risk Analysis
CrowdStrike Holdings disclosed 59 risk factors in its most recent earnings report. CrowdStrike Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CrowdStrike Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $261.28B | 284.29 | 6.30% | ― | 19.51% | -33.05% | |
79 Outperform | $114.81B | 60.27 | 155.65% | ― | 15.75% | 6.24% | |
75 Outperform | $194.61B | -4,176.84 | -0.58% | ― | 23.17% | 73.57% | |
68 Neutral | $23.21B | -306.50 | -3.71% | ― | 24.61% | -91.58% | |
67 Neutral | $97.09B | -1,109.87 | -6.23% | ― | 31.55% | -4.50% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $6.11B | -19.65 | -21.49% | ― | 21.38% | 27.92% |
* Technology Sector Average
CRWD
CrowdStrike Holdings
198.40
76.62
62.92%
FTNT
Fortinet
163.73
63.53
63.40%
PANW
Palo Alto Networks
338.31
146.24
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ZS
Zscaler
147.12
-149.06
-50.33%
NET
Cloudflare
275.80
93.88
51.61%
S
SentinelOne
18.86
0.94
5.25%
CrowdStrike Holdings Corporate Events
Executive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
CrowdStrike Shareholders Back Governance Changes, Reject Supermajority Rules
Neutral
Jun 22, 2026
CrowdStrike Holdings reported the results of its annual meeting of stockholders held on June 17, 2026, where shareholders elected Johanna Flower and Denis J. O’Leary as Class I directors to serve until the 2029 annual meeting. Stockholders a...
Business Operations and StrategyFinancial DisclosuresStock Split
CrowdStrike Raises Outlook and Announces Four-for-One Split
Positive
Jun 3, 2026
CrowdStrike reported strong first-quarter fiscal 2027 results for the period ended April 30, 2026, with revenue rising 26% year over year to $1.39 billion and annual recurring revenue climbing 24% to $5.51 billion. The company swung to a GAAP net ...
Business Operations and StrategyExecutive/Board Changes
CrowdStrike Grants Performance-Based Equity Award to President
Positive
Apr 21, 2026
On April 16, 2026, CrowdStrike’s board approved a performance- and service-based equity award for President Michael Sentonas, tied to the company’s relative total shareholder return versus the SP 500 over a three-year period, with vest...
Business Operations and StrategyStock BuybackFinancial Disclosures
CrowdStrike Expands Share Repurchase Authorization Following Strong Quarter
Positive
Apr 6, 2026
On April 6, 2026, CrowdStrike Holdings, Inc. announced that its board approved an additional $500 million authorization for repurchasing Class A common stock, lifting the total capacity of its share repurchase program to $1.5 billion. The company ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.