FINWIRES · TerminalLIVE
FINWIRES

CrowdStrike Sees 'Materially Stronger' Demand Into H2 With Fiscal 2027 ARR Guidance Raised, Morgan Stanley Says

By

CrowdStrike (CRWD) management sees "materially stronger" demand into H2 with the company raising its fiscal 2027 net new annual recurring revenue guidance by $52 million, despite a thin ARR beat in the Q1, Morgan Stanley said in a Thursday note.

Morgan Stanley said management has pulled forward investor expectations for a stronger H2, aided by AI-driven demand, record pipeline commentary, and broad-based platform momentum.

With CrowdStrike's stock trading lower following its "relatively skinnier" net new ARR beat in Q1, Morgan Stanley said it views any weakness as a potential opportunity to buy shares.

"These Q1 results reinforce our view that CrowdStrike is increasingly benefiting from the convergence of AI adoption, platform consolidation, and growing enterprise demand for cybersecurity as foundational AI infrastructure," according to the note.

Morgan Stanley raised its price target to $690 from $610 and maintained its overweight rating.

Price: $680.00, Change: $-67.61, Percent Change: -9.04%

Related Articles

Wire

Aeva Technologies Launches $100 Million Follow-on Public Offering, Shares Fall After-Hours

Aeva Technologies (AEVA) said late Wednesday it launched a follow-on public offering of $100 million of its common stock.Underwriters will have a 30-day option to buy up to an additional $15 million of the company's shares, according to a statement.The company said it intends to use the net proceeds for general corporate purposes, including meeting commercial interest in AI infrastructure and Co-Packaged Optics, along with demand for its existing applications.Shares fell more than 9% in after-hours trading.

$AEVA
Wire

Stoneridge Names Scott Humphrey as CFO

Stoneridge (SRI) said late Wednesday it has appointed Scott Humphrey as chief financial officer and treasurer, starting June 8.From 2020 to 2023, Humphrey served as CFO and treasurer of Fox Factory (FOXF), a regulatory filing shows. From 2023 until joining the company, Humphrey was not employed as he focused on personal matters and professional development, Stoneridge said in the filing.Bob Hartman, who has served as interim CFO since April 1, will continue in his role as chief accounting officer, Stoneridge added.

$FOXF$SRI
Wire

W. R. Berkley Declares Special Dividend, Raises Share Repurchase Authorization

W. R. Berkley (WRB) said Wednesday its board has increased the share repurchase authorization back to its prior level of 25 million shares of common stock.Repurchases may be made in the open market or in privately negotiated transactions, the company said.The company declared a special cash dividend on its common stock of $0.50 per share and also increased its regular quarterly dividend to $0.10 from $0.09, both payable July 2 to stockholders of record on June 23.

$WRB