Shares of CrowdStrike Holdings Inc. NASDAQ: CRWD were down about 4% the day after the cybersecurity company delivered what was, by fundamental metrics, a strong earnings report. For the first quarter of its 2027 fiscal year, CrowdStrike delivered a beat on the top and bottom lines and raised its guidance.
CrowdStrike and Palo Alto Networks reported strong results this week and gave upbeat guidance, but shares fell. Investors wanted to see more signs of an AI payoff after Anthropic's Mythos brought renewed interest to the sector.
CrowdStrike Holdings (Nasdaq: CRWD) released its fiscal 2027 first-quarter earnings report on Wednesday, using the opportunity to announce an upcoming stock split.
CrowdStrike CEO George Kurtz said it was too early for concerns surrounding Anthropic's Mythos to meaningfully impact first-quarter results. He pointed to the company's raised full-year outlook as evidence that demand is building.
Jim Cramer defended CrowdStrike (NASDAQ:CRWD | CRWD Price Prediction) on Thursday's Mad Dash after the cybersecurity leader's post-earnings selloff, arguing that net new annual recurring revenue came in well above expectations.
CrowdStrike Holdings Inc (NASDAQ:CRWD) shares were down around 5.4% on Thursday despite the cybersecurity company posting first-quarter fiscal 2027 results that beat Wall Street estimates across the board and raised its full-year outlook. Wedbush maintained its outperform rating and raised its price target to $720 from $700, saying the company remains cybersecurity's "golden child" and that investors should buy weakness in the stock.
CrowdStrike tops Q1 estimates as ARR growth, strong customer adoption and AI-driven demand boost results and outlook.
CrowdStrike delivered solid Q1 results, but valuation remains excessively high despite the post-earnings pullback. CRWD's operating leverage and free cash flow margins are strong, yet heavily reliant on stock-based compensation, masking weak GAAP profitability. Consensus-beating guidance was minimal, failing to justify the stock's elevated multiples and recent bullish momentum.
Shares of CrowdStrike (NASDAQ:CRWD | CRWD Price Prediction) are down 8% in early Thursday trading, changing hands near $679 after Wednesday's close of $747.61.
CrowdStrike shares slumped 11% in premarket trading on Thursday despite the cybersecurity company delivering better-than-expected quarterly results, as investors appeared unimpressed by annual recurring revenue growth and likely opted to lock in gains following a blistering rally. The stock had been one of the strongest performers in the software sector, rising about 60% in May alone and roughly 65% so far this year, fueled by optimism that artificial intelligence would drive a new wave of cybersecurity spending.
CrowdStrike shares slid 11% in Thursday's premarket trading after the cybersecurity firm's annual recurring revenue (ARR) growth failed to impress investors expecting a boost from AI investments.
CRWD's Q1 FY27 call touts AI as a cybersecurity tailwind after a beat, lifts net new ARR outlook by $50M+, and announces a 4-for-1 split.