December 8, 2025 — Midday market update
CrowdStrike Holdings, Inc. (NASDAQ: CRWD) is back in the spotlight today as one of the most-searched stocks on Zacks and a top “cybersecurity stock to watch” on MarketBeat, following a strong fiscal Q3 2026 earnings report, fresh AI-driven product launches, and new accolades from Amazon Web Services (AWS). [1]
Below is a detailed look at today’s share price, the latest earnings and guidance, new product and partnership news, and how Wall Street currently values and forecasts CrowdStrike stock.
CrowdStrike Stock Price Today (December 8, 2025)
As of around 12:40 p.m. Eastern on December 8, 2025, CrowdStrike shares trade near $518–$519, up roughly 1–1.3% on the day. StockAnalysis shows CRWD at $518.54, up $6.50 (+1.27%), with the Nasdaq session still open. [2]
Key trading and valuation metrics today:
- Market capitalization: about $130.7 billion [3]
- 52‑week range:$298.00 – $566.90, putting today’s price near the upper part of its 12‑month band [4]
- Forward P/E ratio: roughly 114x based on analyst earnings estimates, with trailing GAAP earnings still negative (no meaningful trailing P/E). [5]
- Volume: just over 800,000 shares traded by midday, roughly in line with normal activity. [6]
Despite today’s bounce, Zacks notes that CrowdStrike shares are still down about 5.2% over the past month, lagging the S&P 500’s +1.2% and slightly outperforming a weak security industry group that fell about 6.5% in the same period. [7]
Q3 FY26 Earnings: Revenue Growth, Record ARR and Raised Guidance
CrowdStrike reported results for its fiscal third quarter 2026 (ended October 31, 2025) on December 2. The release was one of the strongest in the company’s history and is driving much of the current investor interest. [8]
Headline numbers
From the company’s official earnings release and follow‑up coverage: [9]
- Revenue:
- Total revenue: $1.23 billion, up 22% year over year (YoY) from $1.01 billion.
- Subscription revenue: $1.17 billion, up 21% YoY. [10]
- Annual Recurring Revenue (ARR):
- Ending ARR: $4.92 billion, up 23% YoY.
- Net new ARR: $265 million, a record for Q3 and up 73% YoY, marking a notable re‑acceleration. [11]
- Profitability:
- Non‑GAAP operating income: $264.6 million (vs. $200.7 million a year ago).
- Non‑GAAP net income: $245.4 million (vs. $190.9 million).
- Non‑GAAP diluted EPS:$0.96, up from $0.76 a year earlier and slightly ahead of consensus. [12]
- GAAP net loss: $34.0 million (‑$0.14 per share) vs. a $16.8 million loss (‑$0.07) last year, as stock‑based compensation and other non‑cash items remain significant. [13]
- Cash flow:
- Operating cash flow: $397.5 million, a company record.
- Free cash flow: $295.9 million, also a record and up from $230.6 million in the prior‑year quarter. [14]
Zacks adds that revenue of $1.23 billion exceeded its consensus estimate by about 1.6%, while EPS of $0.96 topped expectations by roughly 2.1%, and that CrowdStrike has beaten EPS estimates in each of the last four quarters. [15]
Management’s message
CEO George Kurtz called Q3 “one of our best quarters in company history,” emphasizing: [16]
- The acceleration in net new ARR and total ARR growth.
- The success of the Falcon Flex subscription model, which lets customers pre‑commit spend across multiple Falcon modules and has now exceeded $1.35 billion in ARR, up more than 200% YoY. [17]
- Growing traction of cloud security, identity protection and next‑gen SIEM on a single platform.
CFO Burt Podbere highlighted that the company is “capitalizing on the AI‑driven demand environment” and raised both second‑half net new ARR growth expectations (to at least 50% YoY) and full‑year guidance. [18]
Updated Guidance and Street Forecasts
Company outlook
From CrowdStrike’s own guidance for Q4 FY26 and full‑year FY26 (fiscal year ending January 31, 2026): [19]
- Q4 FY26 guidance:
- Revenue: $1.29 – $1.30 billion.
- Non‑GAAP operating income: $315.4 – $319.4 million.
- Non‑GAAP net income: $282.1 – $286.6 million.
- Non‑GAAP diluted EPS: $1.09 – $1.11.
- FY26 guidance:
- Revenue: $4.80 – $4.81 billion.
- Non‑GAAP operating income: $1.04 billion (midpoint).
- Non‑GAAP net income: just under $950 million.
- Non‑GAAP diluted EPS: $3.70 – $3.72.
The company also reiterated confidence in achieving 20% net new ARR growth in fiscal 2027 off the higher FY26 base, effectively telling investors it sees “durable 20%+” growth in its subscription engine. [20]
Consensus expectations
Fresh research from Zacks provides additional context on Wall Street projections: [21]
- Current quarter (Q4 FY26):
- EPS expected around $1.10, up 6.8% YoY.
- Revenue forecast near $1.3 billion, implying 22.4% growth.
- Current full fiscal year:
- Consensus EPS around $3.71, which Zacks notes is actually 5.6% lower than the prior year’s reported EPS under its methodology, despite higher revenue.
- Revenue around $4.8 billion, up 21.4% YoY.
- Next fiscal year (FY27):
- EPS expected to climb to $4.78, up 28.8% YoY.
- Revenue projected at $5.83 billion, a further 21.5% increase.
Taken together, the numbers sketch a picture of low‑20s top‑line growth and high‑20s EPS growth continuing into 2026–2027, assuming execution stays on track.
Platform, AI and Partnerships: Core to the Bull Thesis
A big part of the investment case for CrowdStrike revolves around its Falcon platform and its positioning in the AI‑driven cybersecurity landscape.
Agentic Falcon platform and Charlotte AI
Over the past few months CrowdStrike has rolled out a series of major platform updates aimed at what it calls the “agentic security” era:
- The Fall 2025 release re‑introduced Falcon as an “agentic security platform” that unifies AI‑ready telemetry, threat intelligence and a fleet of AI agents to help security teams respond at machine speed. [22]
- The company launched a new dynamic user experience built around Charlotte AI, an AI assistant that powers a persona‑aware console and natural‑language workflows across Falcon modules. This is designed to simplify investigations as cloud intrusions and identity‑based attacks surge. [23]
- On December 1, CrowdStrike announced real‑time Cloud Detection and Response (CDR) innovations, including real‑time detections and automated cloud response actions meant to reduce mean time to respond from minutes to seconds. The release cites CrowdStrike’s own 2025 Threat Hunting Report showing a 40% increase in cloud intrusions attributed to China‑nexus adversaries, underscoring the urgency of better cloud defenses. [24]
These initiatives are central to the company’s effort to present Falcon not just as endpoint protection, but as a full SOC operating system that spans endpoints, identities, cloud workloads and data.
Evidence of AI‑driven demand
In post‑earnings commentary, CEO George Kurtz told CRN that adoption of AI tools and browsers is “supercharging renewed interest in the endpoint”, as employees deploy apps like ChatGPT and Claude directly to devices, raising new risk. [25]
He highlighted:
- A major win where a large government agency replaced a legacy antivirus product with Falcon across 75,000 endpoints.
- A standout deal in which Kroll will migrate nearly 500,000 endpoints to Falcon, adopting Falcon Complete as the backbone of its managed detection and response offering. [26]
Kurtz also pointed to Falcon Flex as a growth driver for partners, with ARR from Flex customers reaching $1.35 billion, up more than 200% YoY. [27]
Deep AWS collaboration and ecosystem momentum
On the partnership front, CrowdStrike just announced at AWS re:Invent 2025 that it has been named AWS 2025 Global Security Partner of the Year and Global Marketplace Partner of the Year, as well as Technology Partner of the Year across several regions. [28]
Highlights from that announcement: [29]
- CrowdStrike became the first cloud‑native cybersecurity ISV to surpass $1 billion in AWS Marketplace sales within a single calendar year, after already exceeding $1 billion in lifetime Marketplace sales previously.
- Amazon includes Falcon Go in every Amazon Business Prime subscription, extending CrowdStrike’s reach into smaller businesses.
- Amazon itself selected CrowdStrike to help protect its own infrastructure, a strong validation of the technology.
The Q3 press release also calls out major alliances with AWS, EY, CoreWeave, Kroll, KPMG, BT and HPE, positioning Falcon as the “operating system of cybersecurity” within a broader ecosystem of AI and cloud partners. [30]
How Wall Street Rates and Prices CrowdStrike Today
Analyst ratings and price targets
Different aggregators show slightly different snapshots, but the overall message is broadly bullish with debate over upside:
- StockAnalysis:
- Based on 42 analysts, the consensus rating is “Buy.”
- The average 12‑month price target is $549.08, implying about 5.9% upside from today’s price near $518.54. [31]
- MarketBeat:
- Tracks 52 analysts with a consensus rating of “Moderate Buy.”
- Shows an average price target of $554.11, with a high of $706 and a low of $353, implying roughly 7% upside from the $518.10 price used in its calculation. [32]
- Quiver Quantitative:
- Reports that 22 firms have issued buy‑equivalent ratings recently and none have issued sell ratings.
- Across 37 recent price targets, the median target is about $570.
- Recent high‑profile price targets include $600 (Susquehanna, Wedbush), $595 (Citigroup), $590 (Cantor Fitzgerald), $575 (Needham), $555 (BMO), $564 (Goldman Sachs) and $613 (Scotiabank). [33]
- GuruFocus:
- Notes a Barclays analyst who recently raised his price target to $610 while maintaining an “Overweight” rating. The same article lists a BTIG target of $640, one of the highest on the Street. [34]
- Using an older price near $542, GuruFocus calculates an average target around $502, implying downside relative to that prior level and labelling the stock “Outperform” with an average recommendation score of 2.2 (on a scale where 1 is Strong Buy, 5 is Sell). [35]
In other words, most analysts like the business, and a large cluster of targets sit in the mid‑$500s to low‑$600s, but there is disagreement on whether the current price already discounts much of the good news.
Zacks: Trending, but rated “Hold”
Zacks, which emphasizes earnings estimate revisions, highlights CrowdStrike as one of the most searched stocks on its platform but currently assigns it a Zacks Rank #3 (Hold): [36]
- The firm points to positive estimate revisions for the current quarter and especially the next fiscal year.
- However, on valuation, CrowdStrike receives a Value Style Score of “F,” indicating it trades at a meaningful premium to peers on metrics like P/E, P/S and P/CF. [37]
Zacks’ bottom line: CrowdStrike may perform roughly in line with the broader market in the near term, despite strong fundamentals, because much of the growth appears to be priced in already. [38]
Valuation: High Growth at a High Price
Valuation is the main friction point in the CrowdStrike story right now.
- With the stock near $518 and next‑year consensus EPS around $4.78, CrowdStrike trades at well over 100x forward earnings, consistent with StockAnalysis’ forward P/E of about 114x. [39]
- Trailing GAAP earnings remain negative due in part to heavy stock‑based compensation, so traditional trailing P/E metrics are not very useful. [40]
Several recent commentaries underline this tension:
- A Seeking Alpha analysis titled “CrowdStrike’s AI Reality Check” argues that while Q3 FY26 results were strong, the stock’s “high valuation raises risks” given intense competition and lofty AI‑driven expectations. [41]
- Multiple Motley Fool pieces note that ARR and revenue growth have re‑accelerated and call CrowdStrike an “unstoppable AI stock,” but caution that shares look overvalued after a run of more than 200% over five years, suggesting limited upside in 2026 if sentiment cools. [42]
- Zacks’ Value Grade “F” reinforces the message that CRWD is priced at a premium even compared with other fast‑growing cybersecurity names. [43]
At the same time, market‑wide screens like MarketBeat’s “Best Cybersecurity Stocks To Watch Now – December 8th” still list CrowdStrike alongside Palo Alto Networks and Fortinet as a sector leader benefiting from rising cyber risk, regulation and IT security spending, a combination that many investors are still willing to pay up for. [44]
Sentiment, Flows and Risks
Social and institutional sentiment
Quiver Quantitative’s recent “Opinions on Q3 Earnings and AI Innovations” article notes that conversations about CRWD on X (Twitter) are mostly optimistic, focusing on: [45]
- The ~21–22% revenue growth and raised full‑year outlook.
- Excitement about Falcon’s AI and “agentic” capabilities in defending against AI‑powered threats.
But investors also frequently mention the rich valuation and the possibility that even strong execution might not translate into immediate share price upside.
On the flow side, Quiver highlights: [46]
- Heavy insider selling over the last six months (200 insider sell transactions and no open‑market insider buys), including sizable sales from CEO George Kurtz, President Michael Sentonas and CFO Burt Podbere.
- Mixed but overall growing institutional interest, with large asset managers such as UBS Asset Management and T. Rowe Price adding to positions, while others like Morgan Stanley and Arrowstreet Capital cut or exited stakes.
Additionally, some growth funds have publicly disclosed exiting CrowdStrike — for example, Sands Capital Technology Innovators Fund sold its position, as referenced in a recent Insider Monkey summary of its Q3 2025 investor letter, underscoring that not all long‑term growth investors are comfortable with the current valuation. [47]
Sector and company‑specific risks
Beyond valuation, other key risks flagged in recent filings and commentary include: [48]
- Competitive intensity: CrowdStrike faces aggressive competition from Palo Alto Networks, Fortinet, SentinelOne, Microsoft, and other cloud and security vendors.
- Execution risk in new products: AI‑driven platforms like the agentic Falcon architecture and Charlotte AI must continue to deliver real‑world outcomes and avoid security incidents.
- Reputational risk: The company still cites the July 19, 2024 Falcon sensor configuration incident — which caused widely publicized Windows crashes — as an ongoing risk factor in its filings.
- Macro volatility: Enterprise IT budgets, regulatory changes and geopolitical cyber conflict can all impact demand and the pace of large deals.
What Today’s News Means for CrowdStrike Investors
Putting the latest data points together:
- Fundamentals look strong: Revenue growth re‑accelerated to the low‑20s, net new ARR surged 73% YoY, free cash flow hit a record, and management raised guidance. [49]
- Platform and ecosystem momentum are real: AI‑centric upgrades to Falcon, real‑time cloud detection and response, and deep AWS alignment (including over $1 billion in annual AWS Marketplace sales) support the idea that CrowdStrike is a central player in securing the AI era. [50]
- Analysts are bullish but cautious: Most brokerages rate the stock a Buy or Moderate Buy with targets clustering in the mid‑$500s to low‑$600s, implying modest single‑digit to mid‑teens upside from current levels. [51]
- Valuation is the swing factor: With CRWD trading at more than 100x next‑year earnings and a forward P/E around 114x, small changes in sentiment or growth expectations can produce outsized share price moves in either direction. [52]
For growth‑oriented investors, today’s news reinforces the narrative that CrowdStrike is one of the clearest long‑term winners in cloud and AI security — but at a price that already assumes continued flawless execution.
For valuation‑sensitive or risk‑averse investors, the combination of a premium multiple, insider selling, and the possibility of macro or competitive shocks may argue for caution or for waiting for a better entry point, despite the strong fundamentals and sector tailwinds. [53]
Important note
This article is for informational and educational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any security. Always consider your own financial situation and consult a qualified advisor before making investment decisions.
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