CrowdStrike Holdings, Inc.

πŸ‡ΊπŸ‡ΈNASDAQ Global Select
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Bullish +65

CrowdStrike Stock Holds Steady Despite Nasdaq Selloff: What's Going On? - Benzinga

πŸ“ˆ CRWD shares traded flat at $644.85 on Wednesday despite a 2% drop in the Nasdaq-100.

πŸ’° Fiscal Q1 revenue reached $1.39 billion with adjusted EPS of $1.10, beating analyst expectations.

πŸš€ Full-year fiscal 2027 revenue guidance was raised to a range of $5.92B–$5.96B.

πŸ“Š A four-for-one stock split is approved and set to take effect in late June/early July.

πŸ›‘οΈ Company intelligence reports China-linked actors account for over 58% of state-sponsored attacks on AI tech firms.

πŸ“ˆ Technical trend remains constructive with price trading above both 50-day ($526.53) and 200-day ($480.39) SMAs.

⚠️ Stock is currently consolidating below the 20-day SMA at $659.59, suggesting a range-building phase.

🎯 Key resistance sits near the June swing high of $785.66 if momentum re-accelerates.

Bullish Signals
  • 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 $5.92B–$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.
Full Analysis
CrowdStrike (CRWD) shares held steady at $644.85 on Wednesday, trading flat despite a broader Nasdaq-100 decline of 2%. The stock's resilience follows a recent fiscal Q1 performance that beat expectations and included a raise in full-year guidance. Additionally, the company approved a four-for-one stock split scheduled to occur in late June and early July, providing further bullish support for longer-term investors. The company reported revenue of $1.39 billion and adjusted EPS of $1.10. CrowdStrike raised its fiscal 2027 revenue guidance to between $5.92 billion and $5.96 billion, with adjusted EPS guidance set at $4.88 to $4.96. This beat-and-raise narrative reinforces the company's growth trajectory and validates its position as a key player in the cybersecurity sector. Beyond financial results, CrowdStrike highlighted a strategic threat-intelligence narrative regarding state-sponsored cyberattacks. The company reported that China-linked actors account for over 58% of such attacks targeting tech firms with AI assets. This intelligence suggests escalating espionage efforts to steal AI capabilities, which supports sustained enterprise spending on security solutions as AI adoption accelerates. Technically, CRWD remains in a constructive intermediate trend, trading 22.9% above its 50-day simple moving average and 34.7% above its 200-day moving average. The stock recently formed a golden cross in May, indicating bullish momentum, though it is currently consolidating near the 20-day simple moving average at $659.59. Key support levels are identified near $650.95 and the 50-day/200-day averages, while upside targets include the June swing high of $785.66.