GoKawiilCrowdStrike shares surge 17% after record ARR growth beats guidance
CrowdStrike reported record net-new annual recurring revenue of $333 million for its fiscal Q2, up 51% year-over-year and $45 million above guidance, driven by AI-related demand. The company also raised its full-year revenue growth forecast, citing a record pipeline, sending shares up more than 17% and boosting rival Palo Alto Networks by over 10%.
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The results reinforce the view that cybersecurity spending is accelerating rather than being displaced by AI, as companies see AI as both a threat vector and a driver of new security needs. Jim Cramer's bullish stance and a raised price target suggest analysts expect the sector's momentum to continue, with Palo Alto's upcoming earnings seen as a key test of that thesis.
- CrowdStrike posted $333M in net-new ARR, beating guidance by $45M and growing 51% year-over-year.
- Revenue and ARR growth have accelerated for five and four consecutive quarters, respectively.
- Cramer sees further upside despite the stock's rally, while price target was raised to $230 without an official upgrade.
YubiKey 5 NFC Security Key — If CrowdStrike's blowout quarter reminds you cybersecurity is mission-critical, start with your own logins. The YubiKey 5 NFC is a hardware security key that plugs into USB-A or taps via NFC to lock down accounts like Google, Microsoft, and password managers with phishing-resistant two-factor authentication.
See YubiKey 5 NFC Security Key on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: cnbc.com — Paulina Likos, 2026-08-27
Published there as: “Why Jim Cramer sees CrowdStrike as a buy despite its incredible comeback rally”
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