CrowdStrike reported a 26% year-over-year revenue increase to $1.39 billion for the first quarter of fiscal 2027, surpassing the consensus estimate of $1.36 billion. Adjusted earnings per share rose 51% to $1.10, exceeding the $1.07 estimate.
The company also announced a 4-for-1 stock split, effective July 2, and raised its full-year revenue guidance to between $5.91 billion and $5.96 billion, above the previous range and consensus expectations. CEO George Kurtz emphasized that AI is driving demand for cybersecurity solutions, as companies need to secure AI deployments and address new vulnerabilities created by emerging technologies.
Despite the stock's decline post-earnings, the long-term outlook remains positive, with analysts maintaining a hold-equivalent rating and increasing the price target to $750 per share. The market's perception of cybersecurity is shifting from risk management to a strategic enabler of AI adoption, positioning CrowdStrike favorably in a growing sector