CrowdStrike Holdings, Inc. (NASDAQ: CRWD) ended Tuesday, December 23, 2025, slightly lower—and the after-hours tape has stayed calm so far. With Christmas Eve trading on Wednesday, Dec. 24, set to be a shortened session on U.S. exchanges, investors are heading into the next open with a smaller window for repositioning and, typically, thinner liquidity.
Below is what matters most after the bell on Dec. 23 and what to keep on your radar before the market opens on Dec. 24.
CRWD stock price after the bell: close, after-hours move, and key levels
At the close (Dec. 23):
- CRWD closed at $478.84, down $4.49 (-0.93%) on the day.
- The session range was roughly $473.69 to $483.65, with about 2.05 million shares traded.
After-hours (as of MarketWatch’s latest update Tuesday evening):
- CRWD traded around $478.54, down $0.30 (-0.06%) after hours, with after-hours volume shown near 253.8K shares. [1]
Where CRWD sits versus recent extremes:
- The 52-week high is $566.90 (a level reached in November 2025). [2]
- A widely circulated trading note Tuesday pointed out the stock is about 15% below its November peak and has dipped below its 50-day moving average, a technical development some traders watch for near-term momentum signals. [3]
What moved CrowdStrike shares Tuesday?
On a headline basis, Dec. 23 didn’t bring a major new CrowdStrike earnings release or splashy corporate filing. The day looked more like holiday-week positioning plus sector and macro cross-currents.
A MarketWatch sector comparison article noted that while the broader market was up Tuesday (S&P 500 up 0.46%), several cybersecurity names finished lower, including CRWD (-0.89%). [4]
A quick check on “new filings”
CrowdStrike’s investor-relations SEC filings page lists recent Form 4 activity in mid-to-late December, but it does not indicate a fresh, company-moving filing dated Dec. 23 (the most recent items shown were earlier). [5]
That doesn’t mean “nothing happened,” but it supports the read that Tuesday’s move was not driven by a surprise 8-K.
Today’s relevant news: sector dealmaking and ecosystem signals
Even when CrowdStrike itself is quiet, the cybersecurity landscape can shift sentiment quickly—especially when it signals enterprise security budgets or platform consolidation.
1) ServiceNow’s big cybersecurity acquisition (Armis)
ServiceNow announced a $7.75 billion all-cash acquisition of Armis, framing it as a bet on cybersecurity needs in AI-driven environments. Large platform moves like this can influence how investors think about the competitive field and valuation multiples across the security software group. [6]
2) Partner ecosystem: Veeam highlights new SIEM-related assets for CrowdStrike
A Veeam post published Dec. 23 discussed new dashboards and rule templates in CrowdStrike Falcon Next-Gen SIEM, pointing to continued third-party integration work around CrowdStrike’s security operations stack. While not a market-moving “breaking news” item by itself, partner momentum matters because it supports the platform story: more data sources + more integrations = stickier deployments. [7]
3) Macro context today: consumer confidence weakened
U.S. consumer confidence fell in December (Conference Board index down to 89.1), according to Reuters—another reminder that markets are balancing AI optimism with uneven economic sentiment. Macro tone can affect high-multiple software names like CrowdStrike via interest-rate expectations and risk appetite. [8]
The most important fundamentals investors are still trading off: CrowdStrike’s latest guidance and ARR momentum
The core “what you should know before tomorrow’s open” is still anchored to CrowdStrike’s most recent earnings update and forward outlook.
From CrowdStrike’s Dec. 2 earnings materials filed with the SEC:
- Q3 fiscal 2026 revenue:$1.23B, up 22% YoY [9]
- ARR:$4.92B, up 23% YoY, with $265.3M net new ARR added in the quarter [10]
- Cash flow:$397.5M operating cash flow and $295.9M free cash flow in the quarter [11]
- Guidance (Q4 fiscal 2026): revenue $1.29B–$1.30B, non-GAAP EPS $1.09–$1.11 [12]
- Guidance (full-year fiscal 2026): revenue $4.7966B–$4.8066B, non-GAAP EPS $3.70–$3.72 [13]
Reuters also highlighted the upbeat nature of the Q4 revenue outlook and the broader AI-driven product positioning around CrowdStrike’s Falcon platform. [14]
Why this matters right now:
When a stock pulls back from highs—as CRWD has since mid-November—investors typically ask two questions:
- Is growth slowing?
- Is valuation resetting faster than fundamentals?
CrowdStrike’s latest figures (especially ARR and net-new ARR) are central to that debate, because ARR growth is a primary “health metric” for subscription security platforms. [15]
Analyst forecasts and Wall Street expectations going into Dec. 24
Analyst “forecast” language varies by source, but two numbers dominate most investor dashboards: the consensus price target and the aggregate rating.
- MarketBeat’s consensus snapshot shows 46 analysts, a “Moderate Buy” consensus, and an average price target near $555.10 (with a wide dispersion between low and high targets). [16]
- A separate MarketBeat commentary published Tuesday said analysts are modeling roughly ~21% revenue growth in 2025 and ~29% earnings growth in 2026, while also noting valuation concerns have weighed on the stock. [17]
How to interpret this before tomorrow’s open:
- When consensus targets sit meaningfully above spot price, it can provide sentiment support on down days.
- But when a stock is simultaneously described as “premium valued,” that same target upside can be paired with higher volatility around any macro surprise (rates) or company-specific surprise (large customer wins/losses, incident risk, or guidance changes). [18]
What to know before the market opens Wednesday, Dec. 24, 2025
1) It’s a shortened session: NYSE and Nasdaq close early
U.S. stock markets will be open Wednesday, Dec. 24, but the NYSE and Nasdaq close early at 1:00 p.m. ET (and Christmas Day, Dec. 25, markets are closed). [19]
Practical impact for CRWD traders:
- Expect lighter volume and potentially wider spreads, especially outside the opening hour.
- Large orders can push prices more than usual in thin markets, creating “headline-looking” moves that are really just liquidity effects.
2) A key economic release hits before the bell: jobless claims (moved due to the holiday)
Initial jobless claims are scheduled for 8:30 a.m. ET on Wednesday, Dec. 24 (shifted from the usual Thursday slot because Dec. 25 is a federal holiday). [20]
If the number surprises meaningfully, it can move Treasury yields and, by extension, growth-stock multiples—including high-profile software names like CrowdStrike.
3) Remember what the market digested today: durable goods and business investment signals
Reuters reported that October durable goods orders fell while core capital goods orders rose, pointing to resilience in business equipment spending despite broader crosswinds. [21]
For CrowdStrike investors, “business investment staying alive” matters because endpoint, cloud, identity, and SIEM security spending is often funded as part of broader IT modernization budgets.
Key bull-and-bear points to carry into tomorrow’s open
Bull case catalysts still in view
- ARR + net-new ARR momentum remains strong in the latest quarter, reinforcing the subscription engine. [22]
- CrowdStrike is pushing deeper into SIEM and security operations, and ecosystem activity (like the Veeam SIEM-related update) supports the platform narrative. [23]
- Guidance implies continued growth into the quarter ending Jan. 31, 2026. [24]
Bear case and risk factors investors keep watching
- Valuation sensitivity: commentary today emphasized that CRWD’s pullback is tied to “growth at what cost” concerns—common for premium-multiple tech. [25]
- Sector competition is intensifying and platform companies are actively buying assets (e.g., ServiceNow–Armis), which can reshape buyer preferences and pricing dynamics over time. [26]
- CrowdStrike has acknowledged ongoing items tied to the prior year’s outage in various guidance discussions this year, and Reuters previously noted the company’s outlook has reflected lingering effects of that incident (including incentives/discounting dynamics). [27]
Bottom line for CRWD after hours: calm tape, but tomorrow’s setup is “holiday rules”
As of Tuesday evening, CrowdStrike stock is not signaling a major after-hours re-rating—it’s hovering close to the regular-session close. [28]
The bigger story heading into the next open is context:
- the market will trade on reduced hours (and often reduced liquidity), [29]
- investors will get jobless claims at 8:30 a.m. ET, [30]
- and CRWD continues to be priced as a premium growth cybersecurity leader, with the debate centered on ARR durability vs. valuation rather than a new breaking headline tonight. [31]
This article is for informational purposes only and is not investment advice.
References
1. www.marketwatch.com, 2. www.tradingview.com, 3. www.tradingview.com, 4. www.marketwatch.com, 5. ir.crowdstrike.com, 6. www.marketwatch.com, 7. www.veeam.com, 8. www.reuters.com, 9. www.sec.gov, 10. www.sec.gov, 11. www.sec.gov, 12. www.sec.gov, 13. www.sec.gov, 14. www.reuters.com, 15. www.sec.gov, 16. www.marketbeat.com, 17. www.tradingview.com, 18. www.tradingview.com, 19. www.nyse.com, 20. oui.doleta.gov, 21. www.reuters.com, 22. www.sec.gov, 23. www.veeam.com, 24. www.sec.gov, 25. www.tradingview.com, 26. www.marketwatch.com, 27. www.reuters.com, 28. www.marketwatch.com, 29. www.nyse.com, 30. oui.doleta.gov, 31. www.sec.gov
