CrowdStrike Holdings Inc. NASDAQ: CRWD is one of the best-performing technology stocks of 2025, with shares up 50% year-to-date. That rally reflects renewed investor confidence in its Falcon platform, which is a true comeback story following the high-profile service outage in 2024. The total addressable market (TAM) for cybersecurity solutions is expected to exceed $500 billion by 2030. This means many companies are looking for their share of the pie. Cloudflare Inc. NYSE: NET is one of those names. In fact ...

Core Insights - CrowdStrike Holdings (CRWD) shares have increased by 10.7% over the past month, outperforming the Zacks Security industry's growth of 4.6% and surpassing peers like CyberArk Software, Palo Alto Networks, and Check Point Software [1][10] - The company's growth is driven by strong enterprise demand for AI-native cybersecurity solutions and the Falcon Flex subscription model, which enhances customer commitment and revenue growth [2][4] Performance Metrics - As of the end of the first quarter, CrowdStrike reported an Annual Recurring Revenue (ARR) of $4.44 billion, reflecting a year-over-year increase of 22% [5] - The Falcon Flex model achieved a total deal value of $3.2 billion, with a sequential growth of 31% and over six times year-over-year growth [6][10] - The company added $774 million in total Falcon Flex account value during the first quarter of fiscal 2026 [5] Customer Adoption and Expansion - More than 820 customer accounts have adopted the Falcon Flex model, indicating strong market acceptance [6] - A significant expansion deal was secured with a Fortune 100 technology company, increasing its contract from $12 million to over $100 million [7] - A large healthcare provider also signed an eight-figure Falcon Flex expansion deal [8] Subscription and Revenue Growth - CrowdStrike's quarterly revenues exceeded $1 billion for the third consecutive time, marking a year-over-year improvement of nearly 21% [11] - Subscription customers using six or more cloud modules represented 48% of total customers, with 32% using seven or more modules [12] AI Integration and Partnerships - The Falcon platform is gaining traction as an "AI-native SOC," with partnerships with AI companies to enhance capabilities [13] - Collaborations with NVIDIA and Microsoft aim to secure AI systems and standardize cyber threat attribution [14] Cost Structure and Earnings Pressure - Research and development expenses have increased significantly, rising twelvefold over the last six fiscal years [15] - Sales and marketing expenses surged nearly ninefold to $1.52 billion in fiscal 2025 [16] - In the first quarter of fiscal 2026, sales and marketing and R&D expenses rose by 25.5% and 34.7% year-over-year, respectively, impacting earnings [17] Valuation Metrics - CrowdStrike is trading at a high price-to-sales (P/S) ratio of 24.55X, compared to the Zacks Security industry's 15.07X [19] - The P/S multiples for peers CyberArk, Palo Alto Networks, and Check Point Software are 13.6X, 12.97X, and 8.81X, respectively [22] Investment Outlook - The company is positioned well in the AI-driven cybersecurity market, but shrinking profits and high valuation suggest a cautious investment approach [23]

CrowdStrike Investor Briefing September 2024 Safe Harbor This presentation includes express and implied "forward-looking statements", including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and in some cases, can be identified by terms such as "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict ...

Core Viewpoint - CrowdStrike Holdings Inc. (CRWD) shares have experienced a consolidation phase after reaching an all-time high, with current trading around $485.06, reflecting a slight decline of 1.37% [1][3]. Group 1: Stock Performance and Market Context - CRWD stock is currently trading within a range of approximately $448 to $492, indicating a period of consolidation [1]. - Following the U.S. missile strikes on Iran, analysts are considering potential retaliatory cyberattacks from Iran, which could positively impact cybersecurity stocks like CRWD [3][4]. - Historical data shows that after significant cyberattacks, cybersecurity stocks tend to rise initially but may experience pullbacks as the immediate threat subsides [6][9]. Group 2: Cybersecurity Threat Landscape - Iran is identified as a significant cyber threat to U.S. infrastructure, with several advanced persistent threat (APT) groups under its control [5]. - Historical precedents indicate that stocks like CRWD have previously surged after major cyber incidents, such as the killing of Iranian General Qassem Soleimani and the SolarWinds breach [7][8]. Group 3: Company Fundamentals - CrowdStrike's fundamentals remain strong, with a year-over-year revenue growth of 33% and annual recurring revenue (ARR) exceeding $3.65 billion [11]. - The company's Falcon platform is expected to benefit from long-term structural tailwinds as cybersecurity becomes increasingly essential for both public and private sectors [10]. - Institutional buying is on the rise, with hedge fund ownership remaining elevated, suggesting that any pullback in CRWD stock could be viewed as a buying opportunity [12].

Key Takeaways CRWD's Falcon platform drives SaaS growth, but churn and profitability are pressured post-2024 outage. OKTA ended Q1 FY26 with $4.08B in RPO and 4,870 $100K customers, up 7% YoY. Zacks estimates show CRWD earnings down 10.94%, while OKTA earnings are set to grow 16.73% in FY26.CrowdStrike (CRWD) and Okta (OKTA) are both major players in the field of cybersecurity. While CrowdStrike specializes in endpoint protection and extended detection and response (“XDR”), offering AI-native cloud securi ...

Core Viewpoint - CrowdStrike Holdings Inc. (CRWD) stock has shown a significant increase in 2025, with a rise of approximately 40% year-to-date and 55% from its February low, indicating strong market interest and potential for further gains [1][2] Group 1: Stock Performance and Analyst Ratings - The stock is currently priced at $479.39, with a 52-week range between $200.81 and $491.20, and a P/E ratio of 940.00 [1] - Analysts have mixed sentiments, with Bernstein downgrading the stock from Outperform to Market Perform with a price target of $371, while Wedbush and Susquehanna set targets at $525 and $530 respectively [6] - The average 12-month price forecast for CRWD is $453.17, indicating a potential downside of 5.47% from the current price [7] Group 2: Market Trends and Institutional Activity - The cybersecurity sector is outperforming broader technology stocks, driven by increasing sophistication in cyber threats due to advancements in AI [2] - CrowdStrike's Falcon platform utilizes AI for real-time threat detection, leveraging its proprietary Threat Graph to identify suspicious activities [3][4] - Institutional investors are hedging against potential downside moves, as indicated by rising implied volatility for put options compared to calls [8] Group 3: Future Outlook - The stock may remain rangebound between $480 and $500 during the summer, with investors awaiting the next earnings report in early September for potential catalysts [9] - The options market shows a consolidation of call volume and open interest around the $475 to $490 range, suggesting cautious optimism among traders [7][8]

Company Performance - CrowdStrike's stock has achieved a 25% price return since the last coverage, outperforming the S&P 500's 13% price gain despite a July 2024 outage [1] Investment Thesis - The investment thesis for CrowdStrike is based on its cloud-first, AI-native Falcon platform, which is positioned as a modular cybersecurity product [1]

Key Takeaways Microsoft expands cybersecurity services with 1.4 million customers and 21% growth in multi-workload users. MSFT processes 84 trillion daily threat signals through AI-powered Security Copilot agents. Microsoft faces competition from CrowdStrike and Palo Alto Networks in the enterprise security market.Microsoft's (MSFT) aggressive expansion into cybersecurity services is gaining momentum as a potential major revenue driver, with the company recently launching its European Security Program and ...

Core Insights - CrowdStrike Holdings Inc. reported its first quarter earnings, beating earnings per share estimates but falling short on revenue guidance, leading to a stock decline of over 6% [1][3][5] - The company's revenue guidance for the current quarter was between $1.145 billion and $1.152 billion, below analyst expectations of $1.23 billion [4] - Despite the short-term dip, analysts suggest this may present a buying opportunity, as the stock is not expected to decline significantly further [2][10] Financial Performance - Topline revenue for the quarter was $1.10 billion, in line with expectations of $1.11 billion, representing a 20% year-over-year increase [5] - Annual recurring revenue increased by 22% year-over-year [5] - Earnings per share (EPS) of 73 cents exceeded forecasts of 66 cents and was 265% higher year-over-year [5] Analyst Sentiment - DZ Bank downgraded CRWD stock from Strong Buy to Strong Sell with a price target of $370, reflecting concerns about the stock being priced for perfection [6] - The average 12-month price target for CrowdStrike is $445.02, with a moderate buy rating based on 46 analyst ratings [7] - Analysts are optimistic about the company's long-term outlook, with expectations of business acceleration in the second half of the year [9] Market Reaction - Following the earnings report, at least a dozen analysts have increased their price targets for the stock, with some predicting a potential price increase of 15% or more from current levels [9][11] - Early trading indicated that investors were already responding positively, with CRWD stock recovering about half of its post-earnings dip by midday [11]

Financial Results Q1 FY 2026 As of June 3, 2025 ® CrowdStrike, Inc. All rights reserved. Safe Harbor This presentation includes express and implied "forward-looking statements", including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and in some cases, can be identified by terms such as "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "intend," " ...