CrowdStrike Q2 revenue beats estimates; raises FY guidance as annual net new ARR hits record
CRWD•Full-year outlook raised
CrowdStrike raised its full-year FY27 net new ARR growth outlook to 34% at the midpoint.
The company sees Q3 FY27 revenue of $1.52 billion to $1.53 billion.
CrowdStrike expects FY27 revenue of $5.99 billion to $6.01 billion.
Analyst coverage and valuation
The current average analyst rating on the shares is buy, with 40 strong buy or buy, 13 hold and 2 sell or strong sell recommendations.
The average consensus recommendation for the software peer group is buy.
Wall Street's median 12-month price target for CrowdStrike Holdings, Inc. is $220.00, about 18.7% above its August 25 closing price of $185.38.
The stock recently traded at 131 times next 12-month earnings, versus a P/E of 86 three months ago.
