Too Late to Buy CrowdStrike Stock After Its 20% Surge?

CrowdStrike shares jumped 20.5% on Aug. 27 after the cybersecurity company reported record new annual recurring revenue (ARR) and strong results across key metrics. The stock has nearly doubled this year, raising the question of whether it still has upside. In its fiscal second quarter, CrowdStrike highlighted accelerated endpoint business for a fourth consecutive quarter, tied to rising use of custom agents at endpoints and growing AI-related security demand. It said AIDR ending ARR nearly tripled versus Q1, Identity and Next-Gen SIEM ARR rose 39% to $2.1 billion, and Cloud and Runtime Security ARR increased 29% to $905 million. Total revenue rose 26% year over year to $1.47 billion, subscription revenue grew 27% to $1.4 billion, and total ARR climbed 25% to $5.84 billion, with new ARR at a record $332.8 million. Adjusted EPS rose 35% to $0.31. Guidance: fiscal 2026 revenue raised to $5.99B–$6.0B and adjusted EPS to $1.25–$1.26. For fiscal Q3, it forecast adjusted EPS of $0.31 on $1.52B–$1.53B revenue.