Crowdstrike Holdings (CRWD)
NASDAQ:CRWD
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CrowdStrike Holdings
(NASDAQ:CRWD)
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Rating:73Outperform
Price Target:
$748.00
▲(76.44% Upside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by strong financial quality (notably free cash flow generation and a well-capitalized balance sheet) and a supportive earnings outlook with solid ARR/revenue growth and high retention. These are tempered by very stretched valuation (P/E ~720) and overextended technical conditions (RSI/Stoch elevated), which raise downside risk if execution or sentiment softens.
Positive Factors
Large, accelerating ARR scale
Crossing $5.25B ARR with ~24% YoY growth evidences a durable subscription base and scale economies. Large ARR supports predictable recurring revenue, funds ongoing R&D and go-to-market, and makes sustained investment in platform breadth feasible over the next 2–6 months and beyond.
Negative Factors
Uneven profitability and GAAP volatility
Recurrent negative GAAP profits and a return to negative EBITDA create earnings volatility that can persist beyond the near term. Sustained operating losses complicate consistent ROE improvements and mean the company must keep proving margin leverage as it scales and integrates acquisitions.
Read all positive and negative factors
Positive Factors
Negative Factors
Large, accelerating ARR scale
Crossing $5.25B ARR with ~24% YoY growth evidences a durable subscription base and scale economies. Large ARR supports predictable recurring revenue, funds ongoing R&D and go-to-market, and makes sustained investment in platform breadth feasible over the next 2–6 months and beyond.
Read all positive factors
CrowdStrike Holdings Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyCrowdStrike Holdings (CRWD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$170.79B
Dividend YieldN/A
Average Volume (3M)3.00M
Price to Earnings (P/E)―
Beta (1Y)1.82
Revenue Growth21.71%
EPS Growth-908.90%
CountryUS
Employees10,118
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.74
Shares Outstanding254,536,510
10 Day Avg. Volume3,381,654
30 Day Avg. Volume2,996,776
Financial Highlights & Ratios
PEG Ratio-0.95
Price to Book (P/B)25.18
Price to Sales (P/S)23.17
P/FCF Ratio85.09
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue37.75
Enterprise Value/Gross Profit50.56
Enterprise Value/Ebitda995.47
Forecast
1Y Price Target
$566.50Price Target Upside33.62% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering36
EPS Forecast (FY)4.87
Revenue Forecast (FY)$5.90B
CrowdStrike Holdings Business Overview & Revenue Model
Company Description
CrowdStrike Holdings, Inc. provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protec...
How the Company Makes Money
CrowdStrike primarily makes money by selling subscriptions to its Falcon cybersecurity platform on a software-as-a-service (SaaS) basis. Customers typically pay recurring fees (often contracted annually or as multi-year agreements) to use Falcon, ...
CrowdStrike Holdings Earnings Call Summary
Earnings Call Date:Mar 03, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Jun 03, 2026
Earnings Call Sentiment Positive
The call presents strong, broad-based operational momentum: record quarterly and annual ARR growth, milestone scale (crossing $5.25B ARR), accelerating net new ARR (Q4 +47% YoY), improving margins and record free cash flow and operating income. Product and go-to-market successes — notably Falcon Flex adoption, Next-Gen SIEM/cloud/identity expansion, endpoint acceleration driven by AI, partner marketplace traction with AWS and Microsoft, and early traction for AIDR — underpin the growth thesis. Manageable near-term negatives include integration costs and limited immediate contribution from recent acquisitions, accounting changes that boost non-GAAP metrics, seasonal second-quarter weakness, and ongoing market/competitive risks from rapid AI/LLM evolution. Overall the positive operational and financial momentum significantly outweighs these manageable near-term headwinds.Positive Updates
Record Net New ARR and FY Milestone
Q4 net new ARR of $330.7M (reported as $331M), up 47% year-over-year; FY '26 net new ARR of $1.01B, up 25% year-over-year — the first year delivering over $1B of net new ARR.
Negative Updates
Acquisition Integration Costs and Limited Near-Term Organic Contribution
Recent acquisitions (SGNL and Seraphic) are expected to contribute only $5M–$8M of acquired net new ARR in Q1 and minimal organic contribution for the remainder of FY '27 as CrowdStrike prioritizes native integration; integration-related operating expenses are expected to be $74M–$80M in FY '27.
Read all updates
Q4-2026 Updates
Positive
Negative
Record Net New ARR and FY Milestone
Q4 net new ARR of $330.7M (reported as $331M), up 47% year-over-year; FY '26 net new ARR of $1.01B, up 25% year-over-year — the first year delivering over $1B of net new ARR.
Read all positive updates
Company Guidance
CrowdStrike guided Q1 FY27 ARR of $5.502–$5.504 billion (≈24% YoY), implying net new ARR of $249–$251 million (≈29–30% YoY), total revenue of $1.360–$1.364 billion (≈23–24% YoY), non‑GAAP operating income of $308–$310 million, non‑GAAP net income attributable of $275–$277 million and diluted non‑GAAP EPS of $1.06–$1.07 (using a 21.0% tax rate and ~259M diluted shares); for full FY27 they guided ARR of $6.466–$6.516 billion (23–24% YoY), net new ARR of $1.213–$1.264 billion (20–25% YoY), total revenue of $5.868–$5.928 billion (22–23% growth), non‑GAAP operating income of $1.422–$1.462 billion, non‑GAAP net income of $1.241–$1.271 billion and non‑GAAP EPS of $4.78–$4.90 (21.0% tax rate, ~260M shares); additional assumptions include Q1 free cash flow margin ~33% and ≥30% for the year, FCF seasonal mix 43% H1/57% H2 (Q2 seasonally lowest), capex 7–8% of revenue (front‑loaded), interest income $160–$170 million, partner rebates ≈0.8% of revenue, a change in sales commission amortization to 5 years boosting FY27 non‑GAAP operating income by $85–$95 million, incremental acquisition‑related operating expenses of $74–$80 million (SGNL, Seraphic, Onum, Pangea), SGNL+Seraphic estimated to add $5–$8 million of acquired ARR in Q1, and approximately $950 million remaining on the share repurchase authorization after ~144k shares bought.CrowdStrike Holdings Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
78
Positive
Cash Flow
86
Very Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.81B | 3.95B | 3.06B | 2.24B | 1.45B |
| Gross Profit | 3.59B | 2.96B | 2.30B | 1.64B | 1.07B |
| EBITDA | 182.48M | 294.80M | 293.83M | -40.75M | -65.98M |
| Net Income | -162.50M | -19.27M | 89.33M | -183.25M | -234.80M |
Balance Sheet | |||||
| Total Assets | 11.09B | 8.70B | 6.65B | 5.03B | 3.62B |
| Cash, Cash Equivalents and Short-Term Investments | 5.23B | 4.32B | 3.47B | 2.71B | 2.00B |
| Total Debt | 820.08M | 788.90M | 792.87M | 783.62M | 774.72M |
| Total Liabilities | 6.61B | 5.38B | 4.31B | 3.54B | 2.58B |
| Stockholders Equity | 4.43B | 3.28B | 2.30B | 1.46B | 1.03B |
Cash Flow | |||||
| Free Cash Flow | 1.31B | 1.07B | 929.10M | 674.57M | 441.10M |
| Operating Cash Flow | 1.61B | 1.38B | 1.17B | 941.01M | 574.78M |
| Investing Cash Flow | -764.48M | -536.59M | -340.65M | -556.66M | -564.52M |
| Financing Cash Flow | 132.45M | 107.21M | 93.16M | 77.44M | 72.53M |
CrowdStrike Holdings Technical Analysis
Positive
423.95
Price Trends
482.51
Positive
455.10
Positive
470.24
Positive
Market Momentum
62.41
Negative
83.80
Negative
89.29
Negative
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 below the 20-day moving average (MA) of 582.22, below the 50-day MA of 482.51, and below the 200-day MA of 470.24, indicating a bullish trend. The MACD of 62.41 indicates Negative momentum. The RSI at 83.80 is Negative, neither overbought nor oversold. The STOCH value of 89.29 is Negative, 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 | $95.02B | 52.15 | 155.65% | ― | 15.75% | 6.24% | |
79 Outperform | $210.34B | 152.72 | 15.49% | ― | 15.43% | -2.40% | |
73 Outperform | $170.79B | -1,136.14 | -4.15% | ― | 21.71% | -908.90% | |
63 Neutral | $6.15B | -17.50 | -21.49% | ― | 21.38% | 27.92% | |
62 Neutral | $80.63B | -983.48 | -6.23% | ― | 31.55% | -4.50% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $21.03B | -290.23 | -3.71% | ― | 24.61% | -91.58% |
* Technology Sector Average
CRWD
CrowdStrike Holdings
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251.83
52.56%
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CrowdStrike Holdings Corporate Events
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.