CrowdStrike Stock Holds Steady Despite Nasdaq Selloff: What's Going On? - Benzinga
π CRWD shares traded flat at $644.85 on Wednesday despite a 2% drop in the Nasdaq-100.
π° Fiscal Q1 revenue reached $1.39 billion with adjusted EPS of $1.10, beating analyst expectations.
π Full-year fiscal 2027 revenue guidance was raised to a range of $5.92Bβ$5.96B.
π A four-for-one stock split is approved and set to take effect in late June/early July.
π‘οΈ Company intelligence reports China-linked actors account for over 58% of state-sponsored attacks on AI tech firms.
π Technical trend remains constructive with price trading above both 50-day ($526.53) and 200-day ($480.39) SMAs.
β οΈ Stock is currently consolidating below the 20-day SMA at $659.59, suggesting a range-building phase.
π― Key resistance sits near the June swing high of $785.66 if momentum re-accelerates.
- CrowdStrike delivered a beat-and-raise quarter with revenue of $1.39 billion and adjusted EPS of $1.10.
- The company raised its fiscal 2027 revenue guidance to $5.92Bβ$5.96B, signaling strong future growth expectations.
- A four-for-one stock split is approved, making shares more accessible and often signaling management confidence.
- CrowdStrike's threat intelligence highlights a critical security need as China-linked actors target AI assets, driving sustained enterprise spend.
- The stock maintains a constructive intermediate trend, trading significantly above its 50-day and 200-day moving averages.
- A golden cross formed in May, reinforcing the bullish technical backdrop for trend-followers.