CrowdStrike Holdings (CRWD) Reports FQ1 2027 Earnings, Here’s What’s Important to Note
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has gained more than 70% in May, and the company recently released strong results for fiscal Q1 2027 on June 3. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is also one of the Best Performing Stocks in May.
During the quarter, the company posted $1.39 billion in revenue, up 26% year-over-year and ahead of the consensus of $1.36 billion. The EPS of $1.10 also topped the Street’s expectations of $1.07. CEO George Kurtz framed the quarter as an AI inflection point as net new ARR hit a record $256 million, up 32% year over year. The ARR was also up 24% during the same time and reached $5.51 billion. Profitability showed meaningful improvement as GAAP net income came in at $27.8 million, a sharp turnaround from a $104 million loss a year ago.
Notably, management announced a four-for-one stock split, with trading expected to begin on a split-adjusted basis on July 2, 2026.
Just before the earnings, on June 3, J.P. Morgan had raised the price target on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) from $475 to $800 and reiterated a Buy rating on the shares.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leading cloud-native cybersecurity and threat intelligence company specializing in endpoint protection, cloud security, identity security, and next-generation SIEM solutions through its Falcon platform.
While we acknowledge the potential of CRWD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 9 Most Undervalued Foreign Stocks to Buy Now and 10 Most Undervalued US Stocks According to Hedge Funds.
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