New York, March 4, 2026, 11:35 (EST) — Regular session
- CrowdStrike spent most of the session near $391, hardly moving despite earlier volatility.
- The cybersecurity company topped Q4 estimates and projected 2027 revenue above what Wall Street had penciled in.
- ARR growth and cash flow are in sharp focus for investors, who are testing just how resilient those metrics remain while AI rivals step up the pressure.
CrowdStrike Holdings, Inc. wrapped up Wednesday’s session just about unchanged, with the stock last trading at $391.44. The price swung between $380.80 and $400.97 through a volatile day.
CrowdStrike’s shares have been volatile, with traders watching the company as a bellwether for enterprise security spending. This year, software investors have been quick to unload positions at any hint of slowing growth.
The company beat expectations, and its guidance is up. Traders are parsing what that means for demand, pricing, and the next leg of growth.
CrowdStrike’s fourth-quarter revenue surged 23% to $1.31 billion, while annual recurring revenue reached $5.25 billion, up 24%. CEO George Kurtz called FY26 “CrowdStrike’s best year yet.” CFO Burt Podbere said the team remains confident about achieving its fiscal 2027 ARR goal. Business Wire
The company sees fiscal 2027 revenue coming in between $5.87 billion and $5.93 billion, nudging just past the $5.86 billion analyst consensus tracked by LSEG, according to Reuters. Shares ended Tuesday up 1.7%, but then slipped 0.8% in after-hours trading. Truist Securities’ Junaid Siddiqui called the tepid response “a good outcome” given the results. In other updates, CrowdStrike reported $117.7 million in fiscal 2026 costs tied to the July 19, 2024 Windows outage and related complications. Reuters
Adjusted earnings per share came in at $1.12 for the quarter, stripping out items such as stock-based compensation. The company’s first-quarter revenue outlook also beat expectations.
CrowdStrike turned in its strongest quarter yet for cash generation, a figure software investors are scrutinizing given ongoing questions about growth multiples and where interest rates might head next.
ARR growth is front and center now. The question: can that momentum last? “Falcon Flex”—the company’s flexible licensing program—is drawing scrutiny too, as investors gauge whether it’s still winning bigger, multi-product deals without putting a dent in margins.
Competition is piling on, and fresh AI-driven security products have investors on edge about what could happen to pricing. The operational and legal headaches from the 2024 outage are still dogging CrowdStrike.
CrowdStrike is up next at Morgan Stanley’s Technology, Media & Telecom Conference, with a presentation booked for Thursday, March 5, at 7:45 a.m. PST. Investors looking for new hints on demand will be watching that slot.
