CRWD stock update
Archived — this story has rotated out of today’s deck. It is kept here in full.
The gist
CrowdStrike beat Q2 estimates, adding $333 million in new annual recurring revenue. AI-driven security demand boosts stock 11% to record high.
Background
CrowdStrike, a cybersecurity firm, reported fiscal Q2 2027 results on August 26, 2026, beating analyst expectations. The company's revenue and earnings topped consensus, driven by strong demand for AI-powered security tools. CEO George Kurtz called it 'the best quarter in CrowdStrike's history.' The stock surged 11% following the announcement, reflecting investor optimism about the company's growth prospects amid rising cybersecurity threats.
How it unfolded
- Aug 25, 2026CrowdStrike stock fell 4.2% ahead of earnings, with reports of a senior AI leader departing. Analysts set price targets ranging from $169 to $825.
- Aug 26, 2026CrowdStrike reported Q2 FY2027 results after market close, beating estimates and raising guidance. CEO George Kurtz called it 'the best quarter in CrowdStrike's history.'
- Aug 27, 2026Stock jumped 11% to a record high, adding $333 million in new annual recurring revenue. Analysts remain bullish with an average price target of $218.
Who’s saying what
- Analysts
- Wall Street is largely bullish, with 15 of 19 analysts rating it a 'buy' and an average price target of $218, implying 16% upside.
- Caution
- Some analysts note the stock trades at a P/S of 37.1x, far above peers, suggesting it may be above fair value.
Still unverified
The departure of Elia Zaitsev, a senior AI leader, was reported but not officially confirmed by CrowdStrike.