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CrowdStrike growth continues as investors weigh a premium valuation
In fiscal Q1 2027, CrowdStrike reported $1.39 billion in revenue and record ending ARR of $5.51 billion, while its forward P/E of 119.9x drew concerns about how much growth is already priced in.
Wall Street is watching CrowdStrike as AI and automation continue to accelerate cyberattacks, shifting the vulnerability window that businesses must defend. Check Point’s 2026 Cyber Security Report found organizations averaged 1,968 cyberattacks per week in 2025, a 70.0% increase from 2023, while Mandiant’s M-Trends 2026 report said 28.3% of revealed vulnerabilities are exploited in less than 24 hours.
The article points to CrowdStrike’s results as support for the growth narrative, citing fiscal Q1 2027 revenue of $1.39 billion, up 26.0% year over year. It also said ending ARR reached a record $5.51 billion, up 24.0%, with net new ARR of $256 million, up 32.0% year over year.
Profitability expanded as the company scaled, with non-GAAP net income rising to $283.0 million from $184.7 million the year before. Despite the trajectory, the piece highlights valuation risk, noting shares trade at a forward price-to-earnings ratio of 119.9x versus Palo Alto Networks at 84.7x, SentinelOne at 39.0x, and Zscaler at 32.7x.
Stifel raised its July 17 price target to $230 from $220 after meetings with CrowdStrike’s CFO focused on AI tailwinds, fiscal 2027 confidence, and Falcon Flex traction. The article frames that as reinforcing an already strong growth story, while arguing investors may still face a higher bar to sustain the mid-to-high 20% annual revenue growth and margin improvements implied by the current multiple.