CrowdStrike Flags Death-Cross Despite 23% ARR Growth to $4.92B
CrowdStrike’s annual recurring revenue rose 23% year-over-year to $4.92 billion last quarter, with 49% of customers using at least six Falcon modules. Despite a 95% rally since summer’s outage and a consensus 29% upside to $551.13 target, the stock flashed a death-cross and remains down 8% year-to-date.
1. ARR and Module Adoption Growth
CrowdStrike reported annual recurring revenue of $4.92 billion last quarter, a 23% year-over-year increase, while 49% of its customers now use six or more Falcon modules, supporting ARR expansion and cross-sell momentum.
2. Valuation and Analyst Outlook
Following a 95% rally since last summer’s outage, shares remain down 8% year-to-date, with analysts projecting a consensus price target of $551.13—implying 29% upside—though several have trimmed targets due to valuation concerns.
3. Technical Signals and Stock Momentum
The stock’s 50-day moving average crossed below its 200-day SMA, forming a death-cross, while the MACD remains weak and oversold signals have triggered short-term bullish entries ahead of earnings.