CrowdStrike rises on strong forecast, Q2 beat

CrowdStrike Holdings

27/08/2026 10:28

** Shares of cybersecurity firm CrowdStrike CRWD.O rise 8.5% to $205.5 premarket
** Co beats Q2 rev, profit estimates and raised its annual revenue forecast, citing strong cybersecurity demand
** Posts Q2 revenue of $1.47 bln, beating estimates of $1.44 bln, per LSEG data
** Lifts full-year revenue forecast to between $5.99 bln and $6.01 bln from $5.91 billion-$5.96 billion previously
     ** At least 10 brokerages raise PT after results, per LSEG-compiled data
** Stock recently at 132 times expected earnings, vs its five-year avg forward PE of 111, per LSEG data, suggesting the stock might be overvalued
** Average rating of 55 analysts covering the stock is 'buy', and their median price target is $230 - LSEG-compiled data
** Stock has surged about 61.4% YTD, outperforming the 12.4% rise in the Nasdaq .IXIC

 (Reporting by Joel Jose in Bengaluru)
 ((joeljose@thomsonreuters.com))