CrowdStrike Holdings, Inc.

(NASDAQ Global Select)
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Very Bullish +85

Why CrowdStrike Stock Is 1 of Dan Ives’ Top Tech Picks for 2027

AI integration Earnings report Guidance raised AI-generated analysis

πŸ“ˆ CrowdStrike is highlighted as a top tech pick for 2027 by Wedbush analyst Dan Ives with a $335 price target.

πŸ’° Total revenue jumped 26% year-over-year to $1.47 billion in fiscal 2027 Q2, surpassing the consensus estimate of $1.44 billion.

πŸ“‰ Non-GAAP net income reached $323 million with diluted EPS of $0.31, beating the expected $0.29.

☁️ Subscription revenue climbed 27% to $1.4 billion, reflecting strong enterprise demand for the Falcon platform.

πŸ“Š Annual recurring revenue (ARR) rose 25% year-over-year to a record $5.84 billion as of July 31, 2026.

πŸ’΅ Net cash generated from operations increased to $530.3 million compared to $332.8 million in the prior quarter.

πŸš€ CrowdStrike raised its full-year revenue outlook to a range of $5.99 billion to $6.01 billion.

πŸ“ˆ The company lifted its fiscal 2027 net new ARR growth guidance midpoint to approximately 34% year-over-year.

πŸ† CEO George Kurtz described the recent quarter as the company's best in history with record Falcon Flex results.

πŸ”’ CrowdStrike shares have soared 113% over the past year and reached a 52-week high of $286.99.

Bullish Signals
  • CrowdStrike delivered a standout fiscal 2027 Q2 with total revenue jumping 26% YoY to $1.47 billion, comfortably ahead of the $1.44 billion consensus estimate.
  • Non-GAAP net income attributable to CrowdStrike reached $323 million, translating into diluted EPS of $0.31, which beat the consensus estimate of $0.29.
  • Subscription revenue climbed 27% YoY to $1.4 billion, pointing to strong enterprise demand for the Falcon cybersecurity platform driven by AI adoption.
  • Annual recurring revenue (ARR) rose 25% YoY to $5.84 billion as of July 31, 2026, including a record $332.8 million in net new ARR added during the quarter.
  • Net cash generated from operations climbed to $530.3 million, while free cash flow increased to $377.4 million, demonstrating strong operating leverage.
  • CrowdStrike raised its full-year revenue outlook to $5.99 billion to $6.01 billion and sharply lifted fiscal 2027 net new ARR growth guidance by 630 basis points.
  • CEO George Kurtz called Q2 the company's best quarter in history, citing record Falcon Flex results and mass-market acceptance of AI security needs.
  • CrowdStrike shares have soared 113% over the past year and are up 124% so far in 2026, significantly outpacing the S&P 500 Index.
Full Analysis
CrowdStrike (CRWD) has emerged as a top technology pick for 2027 according to Wedbush analyst Dan Ives, who assigned the stock a $335 price target. The company is positioned to capitalize on rising cybersecurity needs driven by the rapid adoption of artificial intelligence, with its Falcon platform serving as the core defense against sophisticated cyberattacks targeting endpoints and cloud workloads. The Austin-based cybersecurity leader reported a standout fiscal 2027 second-quarter performance on August 26, significantly beating Wall Street expectations. Total revenue surged 26% year-over-year to $1.47 billion, while subscription revenue climbed 27% to $1.4 billion. Profitability expanded sharply with non-GAAP net income reaching $323 million and diluted EPS of $0.31, exceeding the consensus estimate. CrowdStrike's recurring revenue engine continues to accelerate, with annual recurring revenue (ARR) rising 25% year-over-year to $5.84 billion as of July 31, 2026. The company also generated strong cash flow, with net cash from operations climbing to $530.3 million and free cash flow increasing to $377.4 million. Consequently, CrowdStrike raised its full-year revenue outlook to between $5.99 billion and $6.01 billion.