CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares are trading lower Thursday after the company reported first-quarter financial results. Also, the company approved a 4-for-1 forward stock split.
- CrowdStrike stock is among today’s weakest performers. What’s pressuring CRWD stock?
Q1 Highlights
CrowdStrike reported adjusted earnings per share of $1.10, beating the consensus estimate of $1.07. In addition, it reported revenue of $1.38 billion, beating the consensus estimate of $1.36 billion and representing a 26% year-over-year increase.
Subscription revenue grew 26% year-over-year to $1.32 billion, compared to $1.05 billion in the first quarter of fiscal 2026.
Annual recurring revenue increased 24% year-over-year to $5.51 billion as of April 30, 2026. The company added $255.8 million of net new ARR during the quarter, marking a record first quarter for net new ARR and representing a 32% increase from the prior year period.
CrowdStrike also reported record cash flow from operations of $591 million and record free cash flow of $468 million during the quarter.
The company ended the quarter with $4.55 billion in cash and cash equivalents.
Separately, CrowdStrike announced that its board of directors approved and declared a four-for-one split of the company’s outstanding Class A common stock in the form of a stock dividend. Shareholders of record as of June 25, 2026, will receive three additional shares for every share held. The additional shares are expected to be distributed after the close of business on July 1, 2026, with trading expected to begin on a split-adjusted basis on July 2, 2026.
Guidance
CrowdStrike sees second-quarter adjusted earnings per share between $1.16 and $1.17, versus the consensus estimate of $1.16. Furthermore, it sees revenue of $1.43 billion to $1.44 billion, versus the consensus estimate of $1.43 billion.
The company raised its fiscal-year 2027 adjusted earnings per share guidance from between $4.78 and $4.90 to between $4.88 and $4.96, versus the consensus estimate of $4.86. It also raised its fiscal-year 2027 revenue guidance from between $5.86 billion and $5.92 billion to between $5.91 billion and $5.95 billion, versus the consensus estimate of $5.89 billion.
Bullish Trend Remains Intact Despite Pullback
Even after the premarket slide, CrowdStrike is still trading 6.2% above its 20-day SMA ($627.09) and 32.3% above its 50-day SMA ($503.48), which tells you the longer-term trend remains up but the stock has been running “hot.” The golden cross in May (50-day SMA moving above the 200-day SMA) reinforces that the broader trend has been bullish, even if the near-term tape is choppy.
RSI is the cleaner momentum read right now: at 76.25, it’s still in overbought territory, which often signals the stock is stretched and more vulnerable to fast pullbacks on any bout of risk aversion. In plain terms, RSI helps gauge how “overextended” a move is, and readings above 70 can mean buyers may be getting crowded.
The nearby technical map matters because the stock is coming off a June swing high and is now working through a digestion phase. A decisive break back toward the 20-day area would be a normal reset in an uptrend, while holding well above the 50-day would keep the intermediate trend intact.
- Key Resistance: $785.66 — the 52-week high from June is the clearest overhead supply zone
- Key Support: $627.09 — aligns with the 20-day SMA, a common first “buy-the-dip” trend support
Analyst Consensus & Recent Actions
The stock carries a Buy rating with an average price target of $589.40. Recent analyst moves include:
- Needham: Buy (Raises Target to $780.00) (June 4)
- BTIG: Buy (Maintains Target to $764.00) (June 4)
CrowdStrike Shares Tumble
CRWD Price Action: At the time of publication, CrowdStrike shares are trading 9.98% lower at $673.00, according to data from Benzinga Pro.
Image via Shutterstock
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