Want to see CRWD full AI Analyst Report?
Top Page
CrowdStrike Holdings
(NASDAQ:CRWD)
Select Model
Select Model
Rating:80Outperform
Price Target:
$316.00
▲(70.46% Upside)
Action:Reiterated
Date:09/15/26
The score is driven primarily by strong financial quality (notably free cash flow strength and a healthy balance sheet) and bullish technical trend confirmation. The latest earnings call further supports the outlook via a meaningful guidance raise and strong platform adoption. These positives are tempered by a significant valuation risk given the extremely high P/E and the remaining need to prove durable operating profitability.
Positive Factors
Recurring cloud subscription model
Subscription contracts make recurring revenue the economic core, while modular Falcon purchases and expansion support retention and account growth. This model can compound customer value over multiple periods and provides a durable base than project-led services alone.
Negative Factors
Operating profitability remains negative
Negative TTM operating profit shows that the core business has not yet demonstrated consistently durable operating leverage. Until operating earnings become sustainably positive, growth may continue requiring significant investment, leaving profitability more exposed to execution and spending discipline.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring cloud subscription model
Subscription contracts make recurring revenue the economic core, while modular Falcon purchases and expansion support retention and account growth. This model can compound customer value over multiple periods and provides a durable base than project-led services alone.
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
$268.10B
Dividend YieldN/A
Average Volume (3M)10.33M
Price to Earnings (P/E)7438.4
Beta (1Y)1.66
Revenue Growth24.30%
EPS GrowthN/A
CountryUS
Employees11,706
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.04
Shares Outstanding1,023,934,800
10 Day Avg. Volume9,650,875
30 Day Avg. Volume10,326,743
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 Cap0.73
Enterprise Value/Revenue36.16
Enterprise Value/Gross Profit48.05
Enterprise Value/Ebitda446.62
Forecast
1Y Price Target
$266.33Price Target Upside43.67% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering39
EPS Forecast (FY)1.25
Revenue Forecast (FY)$6.01B
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 cloud-native CrowdStrike Falcon cybersecurity platform. Revenue is largely recurring and generated through term-based subscription contracts, where customers pay to access one or mo...
CrowdStrike Holdings Earnings Call Summary
Earnings Call Date:Aug 26, 2026
(Q2-2027)
| % Change Since: |
Next Earnings Date:Dec 01, 2026
Earnings Call Sentiment Positive
The call portrays a strongly positive operational and financial quarter with record metrics across net new ARR, ARR, revenue, profitability, cash generation, and product adoption (notably FalconFlex, AIDR, next-gen SIEM and identity). Management raised full-year guidance materially and cited durable AI-driven demand and broad-based platform adoption across customers and partners. Lowlights are largely contextual (GAAP vs non-GAAP spread, market threat acceleration, an acquisition not contributing near-term revenue, and token consumption management), but they do not materially detract from the quarter's momentum. Overall, highlights significantly outweigh the lowlights.Positive Updates
Record Net New ARR and Strong ARR Growth
All-time record net new ARR of $333 million, accelerating 51% year over year; ending ARR reached $5.84 billion, up more than 25% year over year and accelerating for the fourth consecutive quarter.
Negative Updates
Limited GAAP Profit Despite Non-GAAP Strength
GAAP net income attributable to CrowdStrike was $5 million in Q2 (third consecutive quarter of positive GAAP earnings), which is materially lower than non-GAAP results, highlighting ongoing non-GAAP/GAAP divergence.
Read all updates
Q2-2027 Updates
Positive
Negative
Record Net New ARR and Strong ARR Growth
All-time record net new ARR of $333 million, accelerating 51% year over year; ending ARR reached $5.84 billion, up more than 25% year over year and accelerating for the fourth consecutive quarter.
Read all positive updates
Company Guidance
CrowdStrike raised its FY27 guidance and provided detailed Q3 and full‑year targets: it now expects FY27 net new ARR of $1.350–$1.359 billion (≈34% YoY at the midpoint), reflecting a 630‑bp upgrade this quarter and a 1,150‑bp increase versus the initial outlook (≈$116M of upward revision since the start of the year); full‑year ARR is guided to $6.603–$6.612 billion (+26% YoY) with total revenue $5.991–$6.011 billion (+25% YoY), non‑GAAP operating income $1.497–$1.508 billion, non‑GAAP net income $1.303–$1.312 billion and diluted non‑GAAP EPS $1.25–$1.26 (assumes 21% tax rate and ≈1.04B weighted average diluted shares). For Q3 FY27 the company expects ARR of $6.184–$6.188 billion (+26% YoY), net new ARR $343–$347 million (+29–31% YoY), total revenue $1.523–$1.529 billion (+23–24% YoY), non‑GAAP operating income $373–$376 million, non‑GAAP net income $325–$328 million and diluted non‑GAAP EPS of ≈$0.31 (assumes 21% tax and ≈1.05B shares); management also expects Q3 free cash flow margin of ~27.5% at the midpoint and at least 30% for the full fiscal year.CrowdStrike Holdings Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
90
Very Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.40B | 4.81B | 3.95B | 3.06B | 2.24B | 1.45B |
| Gross Profit | 4.06B | 3.59B | 2.96B | 2.30B | 1.64B | 1.07B |
| EBITDA | 436.86M | 182.48M | 294.80M | 293.83M | -40.75M | -65.98M |
| Net Income | 58.46M | -162.50M | -19.27M | 89.33M | -183.25M | -234.80M |
Balance Sheet | ||||||
| Total Assets | 12.03B | 11.09B | 8.70B | 6.65B | 5.03B | 3.62B |
| Cash, Cash Equivalents and Short-Term Investments | 5.01B | 5.23B | 4.32B | 3.47B | 2.71B | 2.00B |
| Total Debt | 820.18M | 820.08M | 788.90M | 792.87M | 783.62M | 774.72M |
| Total Liabilities | 6.89B | 6.61B | 5.38B | 4.31B | 3.54B | 2.58B |
| Stockholders Equity | 5.10B | 4.43B | 3.28B | 2.30B | 1.46B | 1.03B |
Cash Flow | ||||||
| Free Cash Flow | 1.57B | 1.31B | 1.07B | 929.10M | 674.57M | 441.10M |
| Operating Cash Flow | 2.02B | 1.61B | 1.38B | 1.17B | 941.01M | 574.78M |
| Investing Cash Flow | -1.76B | -764.48M | -536.59M | -340.65M | -556.66M | -564.52M |
| Financing Cash Flow | -51.30M | 132.45M | 107.21M | 93.16M | 77.44M | 72.53M |
CrowdStrike Holdings Technical Analysis
Positive
185.38
Price Trends
235.70
Positive
212.67
Positive
164.34
Positive
Market Momentum
1.27
Positive
57.76
Neutral
67.23
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 185.38 is below the 20-day moving average (MA) of 255.81, below the 50-day MA of 235.70, and above the 200-day MA of 164.34, indicating a bullish trend. The MACD of 1.27 indicates Positive momentum. The RSI at 57.76 is Neutral, neither overbought nor oversold. The STOCH value of 67.23 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 | $268.10B | 7,438.35 | 1.29% | ― | 24.30% | ― | |
78 Outperform | $134.51B | 64.10 | 187.95% | ― | 18.77% | 12.93% | |
70 Outperform | $319.40B | 848.83 | 1.68% | ― | 24.49% | -68.55% | |
66 Neutral | $118.17B | -569.71 | -13.86% | ― | 33.53% | -72.17% | |
65 Neutral | $42.47B | -667.82 | -2.76% | ― | 25.42% | -47.39% | |
65 Neutral | $8.88B | -25.25 | -23.16% | ― | 21.09% | 23.48% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
CRWD
CrowdStrike Holdings
261.83
129.40
97.72%
FTNT
Fortinet
183.33
98.04
114.95%
PANW
Palo Alto Networks
390.46
170.17
77.25%
ZS
Zscaler
260.45
-65.88
-20.19%
NET
Cloudflare
331.86
106.75
47.42%
S
SentinelOne
25.50
7.90
44.89%
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.