Wall Street expects CrowdStrike to exceed $285 million NNARR guidance but seeks stronger signals of year-end growth acceleration.
CrowdStrike Holdings Inc (NASDAQ:CRWD) reports fiscal second-quarter results tonight, with analysts focused on whether net new annual recurring revenue (NNARR) will signal sustained acceleration. Jefferies forecasts $310 million in NNARR, 40 basis points above the midpoint of management’s $285 million guidance, which would lift year-over-year ARR growth to 25% from 24.2% in Q1.
BofA Securities projects a more conservative $286 million, aligning with consensus but still reflecting 29.3% year-over-year growth. Both banks emphasize that a beat alone may not suffice, with BofA suggesting investors may require NNARR to exceed consensus by over 3% for both the quarter and full year to avoid a repeat of last quarter’s muted reaction.
CrowdStrike shares have surged 19% since Q1 results and 103% since April 10, raising the stakes for guidance that confirms further acceleration into Q4.