TradingKey – CrowdStrike begins September 2nd with CRWD priced at $215.07, after a 6.9% loss on September 1st to reach $215.07. The stock is now testing $213-$214 Fibonacci pivot after pulling back from $233.88. With respect to the fundamentals, the overall setting is still positive including the company’s record-setting net-new ARR for Q2, positive guidance and a wave of Fal.Con AI-security announcements. The next catalyst will be the investor briefing which is scheduled for today.
Q2 Still Shows Accelerating Cybersecurity Demand
CrowdStrike hit $1.47 billion in fiscal Q2 revenue, up 26% year over year and above Wall Street expectations. Ending ARR hit $5.84 billion and was up 25% while net-new ARR came in at $332.8 million, up 51% on…
