Crowdstrike Holdings IncRevenue and earnings beat expectations, with strong ARR growth and raised price target.

CrowdStrike Holdings reported fiscal first-quarter 2027 revenue of $1.39 billion, a 26% year-over-year increase, while ending annual recurring revenue reached a record $5.51 billion, up 24%. Net new ARR of $256 million rose 32% year-over-year, signaling accelerating new business, and non-GAAP net income grew to $283 million from $184.7 million a year earlier. Stifel raised its price target to $230 from $220, citing AI tailwinds and confidence in fiscal 2027 targets, though the stock trades at a forward price-to-earnings ratio of 119.92x, a significant premium over rivals like Palo Alto Networks at 84.74x and SentinelOne at 39x. Institutional ownership increased to 79 funds in the first quarter of 2026 from 67 in the prior quarter, while short float remains low at 2.79%, reflecting limited bearish bets. The company's premium valuation depends on its AI-native Falcon Flex platform continuing to capture market share amid a sector-wide boost from AI-powered threats.
Crowdstrike Holdings IncRevenue and earnings beat expectations, with strong ARR growth and raised price target.
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