CRWD — CrowdStrike Holdings, Inc. · Cleearly

CRWD

NASDAQ Global Select

CrowdStrike Holdings, Inc.

Software - Infrastructure

$668.64

▲ $20.90 (+3.23%)

Market cap$166.63BPrev close$647.74Day range$641.00 – $676.49

The AI Brief

What a senior analyst would tell you about CRWD.

6d ago

What's happening

CRWD fell 4.31% today following a roughly 9% post-earnings drop on June 4, its worst single-day decline in nearly two years despite beating Q1 estimates at $1.10 vs $1.07.
Q2 guidance was raised to approximately $1.44B but only matched consensus rather than exceeding it, an unacceptable outcome for a stock trading at 39.5x sales going into the print.
Insiders dumped aggressively over the past 30 days with 481 sells against 1 buy and net selling of 157,527 shares, including CEO George Kurtz among notable filers.
Stock is still up 45.87% over the past month and 50.92% over the past year, materially outperforming the Software - Infrastructure peer average of 13.31%.
Management announced a 4-for-1 stock split scheduled for July 2026, which provided zero sentiment support against the guidance disappointment.

Bull case

Record ARR growth and AI-driven demand acceleration validate the Falcon platform's consolidation thesis, with Wedbush calling CRWD cybersecurity's gold standard post-print.
Gross margin of 74.7% and 21.7% revenue growth on a $1.44B quarterly run rate show the subscription model scaling without meaningful unit-economics erosion.
Recovery from the July 2024 outage is functionally complete, with customers re-upping at full price and Q1 marking the strongest quarter in company history.
Debt/equity of 0.17 and current ratio of 1.77 give management dry powder for tuck-in M&A in adjacent modules like cloud security and identity protection.

Bear case

EV/EBITDA of 1,019x and P/S of 39.5x leave no margin for guidance that merely meets consensus, as the June 4 tape demonstrated in real time.
Operating margin of -6.1%, ROE of -4.2%, and ROIC of -4.2% mean the business is still GAAP-unprofitable while being valued like a hyperscaler.
BofA explicitly flagged the durability question, raising the possibility that AI-driven ARR strength is a pull-forward rather than a sustainable step-change in growth.
Insider selling at a 481-to-1 ratio with the CEO participating is the clearest possible signal on how management views the current risk/reward.
Palo Alto Networks traded down in sympathy, signaling the entire cybersecurity multiple complex is being reset and CRWD carries the highest beta to that compression.

What to watch

Next earnings on September 1, 2026 with consensus $1.16 EPS on $1.44B revenue, the first print where the AI-demand durability question gets a clean test.
Net new ARR disclosure will be the single metric that determines whether the stock re-rates higher or breaks the 50-day moving average decisively.
Module attach rates and Falcon Flex adoption commentary, the leading indicator for whether CRWD can extend platform pricing power into FY27.
Continued insider Form 4 filings into July and August, particularly whether the selling pace from Kurtz, Gandhi, and Sentonas decelerates after the drop.
4-for-1 stock split execution in July 2026 and any retail-flow response, though the underlying valuation math is unchanged by the mechanic.

Fundamentals

TTM · vs peer median

Valuation

What you pay vs. what the business earns and owns.

P/E

—

P/S

33.5×

P/B

36.7×

EV / EBITDA

677×

Dividend yield

0.0%

Growth

How fast the top and bottom lines are expanding.

Revenue growth (YoY)

23.2%

EPS growth (YoY)

—

Financial health

Short-term solvency and leverage.

Current ratio

1.53

Quick ratio

1.53

Returns & margins

Capital efficiency and margin profile.

ROE

-0.2%

ROA

-0.1%

Earnings

EPS actual vs. consensus — last 12 quarters

Next report2026-09-01consensus $1.17 EPS

Finnhub + FMP

Filings

SEC EDGAR · 6 recent

10-Qfiled 7d ago2026-06-04View on SEC
MD&A summary generating — check back in a moment.
8-Kfiled 8d ago2026-06-032.02 — Results of operations and financial condition · 8.01 — Other eventsView on SEC
Summary generating — check back in a moment.
8-Kfiled 1mo ago2026-04-21View on SEC
CrowdStrike's Board granted President Michael Sentonas a PSU award with a 100,000-unit target (0–200,000 shares) tied to relative TSR versus the S&P 500 over a three-year performance period ending December 22, 2028, followed by an additional one-year quarterly vesting schedule through December 2029. The award pays out nothing below the 25th TSR percentile and maxes out at 200% of target at the 90th percentile or above, with the stated rationale of retaining Sentonas as he leads execution toward a $20 billion ARR ambition.
8-Kfiled 2mo ago2026-04-06View on SEC
The Board approved an additional $500 million share repurchase authorization, bringing total buyback capacity to $1.5 billion; to date, CRWD has repurchased 413,130 Class A shares at an average of $364.57 per share for $150.6 million under the program, which has no fixed expiration.
10-Kfiled 3mo ago2026-03-05View on SEC
The provided MD&A section text is effectively a procedural preamble — it references prior filings, discloses an immaterial error correction affecting fiscal 2025 and 2024 comparables, and points to forward-looking statement disclaimers. No substantive business commentary, revenue driver discussion, margin analysis, or management outlook was included in the extracted text. A complete MD&A summary for CRWD's fiscal 2026 10-K cannot be generated from this excerpt alone, as the operative content covering ARR growth, platform consolidation trends, gross and operating margin trajectory, customer count expansion, and any macro or go-to-market commentary was not provided in the section text supplied.
8-Kfiled 3mo ago2026-03-03View on SEC
CrowdStrike filed an 8-K on March 3, 2026 reporting its Q4 FY2026 financial results for the fiscal quarter ended January 31, 2026, with the earnings press release attached as Exhibit 99.1.

Peers

5 companies vs. CRWD

Ticker	Company	Market cap	P/E	Rev growth	1Y return
CRWD	CrowdStrike Holdings, Inc.	$166.63B	—	23.2%	+40.6%
ACN	Accenture plc	$110.68B	14.4×	7.3%	−43.3%
ADBE	Adobe Inc.	$106.59B	14.3×	11.0%	−41.2%
ADI	Analog Devices, Inc.	$207.76B	58.9×	29.8%	+77.7%
CRWV	CoreWeave, Inc. Class A Common Stock	$58.43B	—	—	−39.3%
FTNT	Fortinet, Inc.	$108.91B	52.6×	15.8%	+35.6%

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