CrowdStrike (CRWD) Stock Reaffirmed Overweight by Wells Fargo
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the Trending AI Stocks on Wall Street.On August 28, Wells Fargo reiterated the stock as “Overweight” stating that the cyber security company is firing on all cylinders. This is demonstrated by its latest quarterly results.
“CrowdStrike delivered solid results in 2Q26, highlighted by net new [annual recurring revenue] returning to growth one quarter earlier than expected.”
Besides the solid results, management’s guidance has also been optimistic for the second half of 2026. It anticipates a 40% year-over-year increase in net new ARR, an indicator of future growth.
Moreover, Falcon Flex program has largely been a success, witnessing over 1000 customers with major ARR contributions. Other emerging products also seem to be doing well, with ARR shooting up significantly headed by the next-gen SIEM solution.
These positive catalysts, together with strategic acquisitions such as of Onum, place Crowdstrike in a strong position for continued expansion and success.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a leader in AI-driven endpoint and cloud workload protection.
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