Explore the latest developments concerning CrowdStrike Could Plunge.
CrowdStrike Could Plunge 30% After Earnings (NASDAQ:CRWD)
CrowdStrike (CRWD) stock is up over 65% since the last time I wrote in May, saying it would explode after earnings.
While the stock did not technically “explode” right after earnings, it surged
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CrowdStrike's earnings test for Falcon Flex sustainability
CrowdStrike Holdings Inc (NASDAQ:CRWD) is set to report second-quarter fiscal 2027 results on August 26 after market close, with investors watching closely following a 19% rally in the stock since the company's first-quarter print, according to a note from BofA Securities.
BofA said investors may need to see a beat of more than 3% to second-quarter and full-year net new annual recurring revenue (nnARR) consensus to satisfy elevated expectations, pointing to the stock's negative reaction last quarter despite a 2-3% topline beat.
The bank models nnARR up 29.3% year-over-year to $286 million, roughly in line with consensus, and projects full-year nnARR at $1.294 billion versus the Street's $1.289 billion estimate.
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