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CrowdStrike Holdings
(NASDAQ:CRWD)
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Rating:76Outperform
Price Target:
$258.00
▲(39.17% Upside)
Action:Upgraded
Date:08/28/26
The score is led by strong financial performance (notably free cash flow strength and a solid balance sheet) and a very positive earnings call with materially raised guidance and record operating metrics. Offsetting these strengths are an extremely stretched valuation (very high P/E) and mixed near-term technical momentum (negative MACD and lower RSI despite price above key moving averages).
Positive Factors
Recurring Platform Expansion
CrowdStrike’s subscription platform supports durable expansion through module adoption, broader deployment and FalconFlex conversions. Strong ARR uplift among Flex customers indicates meaningful cross-sell potential and deeper customer integration over the next several quarters.
Negative Factors
Operating Profitability Still Unproven
Despite strong non-GAAP margins and positive GAAP earnings, negative TTM operating profit and the large GAAP/non-GAAP gap indicate that durable operating leverage is not yet established. Sustained profitability depends on controlling compensation and other operating costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Platform Expansion
CrowdStrike’s subscription platform supports durable expansion through module adoption, broader deployment and FalconFlex conversions. Strong ARR uplift among Flex customers indicates meaningful cross-sell potential and deeper customer integration over the next several quarters.
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
$218.20B
Dividend YieldN/A
Average Volume (3M)9.46M
Price to Earnings (P/E)6054.0
Beta (1Y)1.67
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. Volume13,169,471
30 Day Avg. Volume9,461,577
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$242.34Price Target Upside30.73% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering37
EPS Forecast (FY)1.25
Revenue Forecast (FY)$6.00B
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: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
200.81
Positive
173.94
Positive
142.49
Positive
Market Momentum
3.95
Negative
53.12
Neutral
55.58
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 210.56, below the 50-day MA of 200.81, and above the 200-day MA of 142.49, indicating a bullish trend. The MACD of 3.95 indicates Negative momentum. The RSI at 53.12 is Neutral, neither overbought nor oversold. The STOCH value of 55.58 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $99.32B | -478.34 | -13.86% | ― | 33.53% | -72.17% | |
78 Outperform | $114.67B | 54.65 | 187.95% | ― | 18.77% | 12.93% | |
76 Outperform | $218.20B | 6,053.98 | 1.29% | ― | 24.30% | ― | |
69 Neutral | $6.92B | -19.68 | -23.16% | ― | 21.09% | 23.48% | |
68 Neutral | $271.61B | 724.48 | 1.68% | ― | 24.49% | -68.55% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $27.69B | -435.38 | -2.76% | ― | 25.42% | -47.39% |
* Technology Sector Average
CRWD
CrowdStrike Holdings
213.10
106.09
99.13%
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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 ...
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.