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Investing.com - Citizens JMP analyst Trevor Walsh reiterated a Market Outperform rating and $500.00 price target on CrowdStrike Holdings (NASDAQ:CRWD) following the company’s second-quarter fiscal 2026 earnings report. This aligns with the broader analyst sentiment, as InvestingPro data shows 31 analysts have recently revised their earnings estimates upward for the upcoming period.
CrowdStrike reported earnings per share of $0.93, exceeding both Citizens JMP’s estimate of $0.83 and the consensus forecast. The cybersecurity firm posted revenues of $1,169.0 million, surpassing Citizens JMP’s projection of $1,151.2 million and the consensus estimate of $1,149.6 million. This performance contributes to the company’s impressive 25.94% revenue growth over the last twelve months, according to InvestingPro data.
The company’s total annual recurring revenue (ARR) reached $4,656.7 million, higher than Citizens JMP’s forecast of $4,640.2 million and the consensus estimate of $4,642.1 million. Partner-sourced engagements drove more than 60% of net-new business for CrowdStrike.
CrowdStrike also reported that deals exceeding $10 million doubled year-over-year, indicating strong growth in large enterprise contracts.
The stock has gained approximately 17% year-to-date, despite trading down about 4% in the aftermarket following the earnings announcement, outperforming the Russell 3000 index which has risen approximately 10.0% during the same period.
In other recent news, CrowdStrike Holdings reported strong second-quarter earnings for fiscal year 2026, surpassing analysts’ expectations. The company posted an earnings per share (EPS) of $0.93, beating the forecasted $0.83, resulting in a 12.05% surprise. Revenue for the quarter reached $1.17 billion, slightly above the anticipated $1.15 billion. Additionally, CrowdStrike’s annual recurring revenue (ARR) hit $4.66 billion, exceeding consensus estimates of $4.64 billion, with a 20% year-over-year growth. DA Davidson lowered its price target for CrowdStrike to $490 from $530, maintaining a Buy rating. Piper Sandler also adjusted its price target to $450 from $505, keeping a Neutral rating. The firm noted that CrowdStrike’s Net New Annual Recurring Revenue (NNARR) returned to positive growth as the company moves past the previous year’s security incident. These developments reflect ongoing adjustments and growth within the company.
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