Fubotv earnings beat by $0.10, revenue topped estimates
On Thursday, BTIG maintained a Neutral rating on CrowdStrike Holdings (NASDAQ:CRWD) stock following the cybersecurity firm's Fal.Con 2024 user event and investor presentation in Las Vegas. The company expressed a bullish stance on the long-term potential for increased module adoption with its Falcon Flex (NASDAQ:FLEX) product, which is expected to contribute to a reacceleration of annual recurring revenue (ARR) growth in the second half of fiscal year 2026. Despite this optimism, the firm noted that management's commentary suggested less certainty regarding near-term ARR and free cash flow (FCF) trends.
During the investor presentation, CrowdStrike reaffirmed its long-term ARR and FCF goals, though it slightly adjusted the language regarding the timeframe to reach its ARR target. The new projection states the target may be achieved by the end of fiscal year 2031, modifying last year's forecast of fiscal year 2029 to 2031.
The event provided an opportunity for analysts to gather feedback from partners and customers. Conversations with 12 individuals—comprising seven partners, four customers, and one industry analyst—yielded mostly positive remarks. The feedback indicated that customer concerns have subsided since the outage that occurred in late July, with no apparent increase in customer turnover and potential for modest delays in module expansion.
Notably, while there was less enthusiasm about new products compared to previous years, the interest in CrowdStrike's LogScale and Identity products remained strong among customers. Despite the positive feedback and maintained long-term targets, the firm opted to keep its Neutral stance on CrowdStrike's stock.
In other recent news, CrowdStrike Holdings has been the subject of several analyst ratings and strategic initiatives. Wolfe Research maintained its Peer Perform rating on CrowdStrike, noting potential benefits and risks associated with the company's Customer Concession Program and Flex pricing model. Meanwhile, Evercore ISI, BofA Securities, Mizuho Securities, DA Davidson, and Citi maintained their positive ratings with varying price targets, highlighting CrowdStrike's strategic initiatives, unique cloud security platform, and customer feedback.
CrowdStrike has also launched CrowdStrike Financial Services, a subsidiary designed to provide financing solutions for customers adopting its AI-native CrowdStrike Falcon platform. The company has established partnerships with Dazz and 1Password to enhance cloud security measures and simplify security for small and midsize businesses. These recent developments underscore CrowdStrike's commitment to enhance its market position.
Despite exceeding expectations in its second fiscal quarter in terms of annual recurring revenue, revenue, and non-GAAP earnings per share, the guidance for the third fiscal quarter and fiscal year 2025 fell short of consensus estimates. This led to adjustments from various analyst firms. However, the overall sentiment from analysts remains positive, emphasizing CrowdStrike's strategic plans and market position.
InvestingPro Insights
As CrowdStrike Holdings (NASDAQ:CRWD) continues to navigate the cybersecurity landscape, recent data from InvestingPro provides a nuanced view of the company's financial health and market performance. With a hefty market capitalization of $65.48 billion, CrowdStrike's valuation reflects its position as a significant player in the industry. However, its P/E ratio stands at a towering 382.02, suggesting that investors are paying a premium for its earnings compared to the broader market. This is further supported by an adjusted P/E ratio for the last twelve months as of Q2 2025, which is slightly higher at 392.66.
InvestingPro Tips highlight that CrowdStrike holds more cash than debt on its balance sheet, indicating a strong liquidity position. Additionally, analysts anticipate net income growth for the company this year, which could be a positive signal for future profitability. On the flip side, 39 analysts have revised their earnings forecasts downwards for the upcoming period, which may warrant attention from investors considering the stock's high earnings multiple. For those interested in deeper analysis, InvestingPro offers additional tips on CrowdStrike at InvestingPro.
InvestingPro Data also shows a robust revenue growth of 33.07% over the last twelve months as of Q2 2025, with a gross profit margin of 75.37%, highlighting the company's ability to retain a significant portion of its sales as gross profit. Despite the recent price drop of 31.42% over the last three months, the company has delivered a high return of 61.4% over the past year, illustrating its volatile yet potentially rewarding nature for investors.
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