CrowdStrike Lifts Revenue Forecast, Shares Surge 12%
6
1
BTCCSquare news:
CrowdStrike (CRWD) shares jumped over 12% on Thursday after the cybersecurity firm raised its revenue outlook beyond analyst expectations. The company's fiscal 2027 guidance for key metrics surpassed consensus estimates, with management projecting net new annual recurring revenue (ARR) growth will reaccelerate to 40%+ in H2 fiscal 2026 and maintain 20%+ growth in fiscal 2027.
Wall Street analysts responded positively to the upward revision. Jefferies highlighted CrowdStrike's forecast of 22% total ARR growth for fiscal 2027, noting it exceeds current projections by two percentage points. The $10 billion subscription ARR target by fiscal 2031 appears achievable given expanding addressable markets and prudent AI integration.
By:
