Crowdstrike Holdings Inc (NASDAQ:CRWD) shares are trading lower Wednesday morning as traders positioned for the company's first-quarter print after the close. Here’s what investors need to know.
- CrowdStrike Holdings stock is trading near recent highs. Where is CRWD stock headed?
What To Watch For In CrowdStrike’s Q1 Earnings
The near-term focus is CrowdStrike's first-quarter report, with analysts looking for revenue of $1.36 billion (up from $1.10 billion) and EPS of 88 cents (up from 73 cents). Commentary into the print is leaning on AI-driven threat growth and the idea that enterprise and federal customers are stepping up cyber budgets.
CrowdStrike has beaten revenue estimates in nine of the past 10 quarters and has delivered EPS beats for more than 20 straight quarters, keeping "beat-and-raise" expectations elevated into this release. Wedbush's Dan Ives has an Outperform rating and a $700 target, arguing AI is "dramatically" lowering the cost and skill needed to execute sophisticated attacks.
CrowdStrike is also coming into the call after Cognizant announced an expanded strategic partnership on June 2 focused on securing AI across its lifecycle, from agents and models to the underlying infrastructure. That type of AI-security bundling is part of what bulls want to hear reinforced in guidance.
CrowdStrike shares also advanced in after-hours trading Tuesday following a beat-and-raise third-quarter earnings report from peer cybersecurity firm Palo Alto Networks, which cited accelerating AI-driven demand across the industry.
CrowdStrike Stock: Key Levels To Watch
From a trend perspective, CrowdStrike is still in clear control: at $764.00, it's trading 24.5% above its 20-day SMA ($613.53) and 61.3% above its 200-day SMA ($473.71). The 20-day SMA is above the 50-day SMA, and the golden cross that triggered in May (50-day above 200-day) keeps the longer-term bias pointed higher.
Momentum is the bigger near-term issue, with RSI at 82.64—deep in overbought territory and consistent with a stock that can chop or pull back even if the primary trend stays up. In plain English, RSI helps gauge how "stretched" a move is, and readings this high often mean buyers may need a pause before the next leg higher.
- Key Resistance: $785.66 — the 52-week high zone that's acting as the next overhead ceiling
- Key Support: $613.53 — the 20-day SMA area, which is the closest widely watched trend support on a pullback
What Is CrowdStrike and How Does It Operate?
CrowdStrike is a cloud-native cybersecurity company focused on endpoint, cloud workload, identity, and security operations. Its core product is the Falcon platform, which aims to give enterprises a unified view to detect and respond to threats across their IT environments.
That "single platform" pitch matters in the current AI-driven threat cycle because faster, cheaper attacks tend to push customers toward tools that can correlate signals across endpoints, cloud, and identity in one place. The company was founded in 2011, is based in Austin, Texas, and went public in 2019.
CrowdStrike Earnings Preview: Estimates And Analyst Ratings
Looking further out, the next major catalyst for the stock arrives with the August 26, 2026 (estimated) earnings report.
- EPS Estimate: 97 cents (Up from 93 cents YoY)
- Revenue Estimate: $1.43 Billion (Up from $1.17 Billion YoY)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $574.94. Recent analyst moves include:
- JP Morgan: Overweight (Raises Target to $800.00) (June 2)
- Baird: Neutral (Raises Target to $490.00) (June 2)
- Evercore ISI Group: In-Line (Raises Target to $710.00) (June 1)
CrowdStrike Stock Price Movement in Premarket
CRWD Stock Price Activity: CrowdStrike Holdings shares were down 3.24% at $744.04 at the time of publication on Wednesday, according to Benzinga Pro data.
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