CrowdStrike (CRWD) Reiterated at Overweight by Cantor Fitzgerald on Modest Beat

Cantor Fitzgerald analyst Jonathan Ruykhaver reiterated an Overweight rating and $725.00 price target on CrowdStrike (NASDAQ: CRWD).

The analyst commented, "Revenue beat consensus by 1.7%, up from the 0.1% miss in F1Q26; ARR beat by ~0.1%, slightly weaker than the 0.4% and 0.5% beats in the prior two F1Qs. NNARR of $256M grew 32% y/y and exceeded consensus by ~$3M. More importantly, management raised FY27 NNARR guidance by ~ $52M at the midpoint (~520 bps), citing a record Q2 pipeline and accelerating AI-driven demand. Emerging products continued to scale, with Next-Gen SIEM ARR exceeding $600M and Cloud, Next-Gen Identity and Next-Gen SIEM combined surpassing $2B in ending ARR with record Q1 NNARR from the group. Module adoption rates of 51%/35%/25% for 6+/7+/8+ modules reflect platform consolidation. Ending AIDR ARR grew >250% q/q off a small base, and management said the Q2 pipeline is >$50M. They also described AIDR as a larger long term opportunity than EDR."

For an analyst ratings summary and ratings history on CrowdStrike click here. For more ratings news on CrowdStrike click here.

Shares of CrowdStrike closed at $678.65 yesterday.

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