CrowdStrike Earnings Preview: Cybersecurity Demand Fuels 47% YTD Rally
CrowdStrike (CRWD) approaches its Q3 FY2026 earnings announcement on December 2 with analysts anticipating 20% revenue growth to $1.21 billion. The stock's 47% year-to-date surge reflects institutional appetite for AI-driven cybersecurity solutions amid escalating global threats.
D.A. Davidson's Rudy Kessinger raised his price target to $580, citing potential for a 'beat-and-raise' scenario. Key metrics will include net new annual recurring revenue (NNARR) performance, which must sustain 20% growth to validate FY2027 targets.
Market Optimism persists despite valuation concerns, with CrowdStrike's platform consolidation strategy resonating in an era of constrained IT budgets. The earnings call will scrutinize adoption rates of Falcon XDR and cloud workload modules.