CrowdStrike Drops 9% After $1.39 Billion Q1 Beat and 4-for-1 Stock Split
Updated
Updated · CNBC · Jun 3
CrowdStrike Drops 9% After $1.39 Billion Q1 Beat and 4-for-1 Stock Split
2 articles · Updated · CNBC · Jun 3
Summary
Shares fell 9% after hours even though CrowdStrike topped fiscal first-quarter estimates with $1.39 billion in revenue and adjusted EPS of $1.10, versus LSEG forecasts of $1.36 billion and $1.07.
Revenue rose 26% from a year earlier, and net income swung to $27.8 million from a $104.3 million loss as the company cited stronger platform adoption and an AI-driven boost in cybersecurity demand.
For the current quarter, CrowdStrike forecast about $1.44 billion in revenue, roughly in line with the $1.43 billion consensus, while raising its fiscal 2027 net new annual recurring revenue growth outlook to $6.53 billion-$6.56 billion.
The company also announced a four-for-one stock split effective in July and said it is testing Anthropic's Mythos model through Project Glasswing as customers reassess defenses against more capable AI-enabled attacks.
CrowdStrike has gained about 60% this year, reflecting broader investor enthusiasm for cybersecurity firms that are expanding AI capabilities through acquisitions, including its recent $740 million SGNL and Pangea push.