CrowdStrike Falls 7% After Quarterly Results

India, June 4 -- Shares of CrowdStrike Holdings, Inc. (CRWD) slipped nearly 7% on Thursday morning after reporting first-quarter 2027 results.

The stock is currently trading at $697.30, down $50.31 or 6.73%, on the Nasdaq. It opened at $674.07 after closing the previous session at $747.61. The stock has traded between $342.72 and $785.66 over the past 52 weeks.

CrowdStrike reported first-quarter revenue of $1.39 billion, up 26% year-over-year, while annual recurring revenue (ARR) grew 24% to $5.51 billion. The company generated record quarterly net new ARR of $255.8 million, up 32% from a year earlier.

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