CrowdStrike Shares Soar 22% on Strong Q3 Results

CrowdStrike Holdings (CRWD) shares rose to their highest level since February 2025 today, with an intraday gain of 0.73%.

CrowdStrike Holdings has recently reported strong fiscal third-quarter results, surpassing the high end of guidance. This financial performance has significantly boosted investor confidence, contributing to a 22% increase in its share price.

The company has also announced new capabilities for its Falcon platform, which extend protection across critical infrastructure and enhance organizational resilience. These advancements are expected to further solidify CrowdStrike's market position and attract more customers.

In addition to its strong financial performance, CrowdStrike's shares have been upgraded to STRONG BUY with a $508/share price target. This upgrade is attributed to the company's strong customer retention and growth in cloud and identity security, which are key areas of focus for many organizations.

Despite facing margin pressures due to rising infrastructure costs and SBC, CrowdStrike has achieved significant ARR growth in FY2025. This growth indicates that the company is successfully expanding its customer base and increasing its revenue streams, which bodes well for its future financial performance.