CrowdStrike Tests $500 Ahead of Earnings: What to Expect

CrowdStrike Holdings stock (CRWD) retested the $500 mark, bouncing up to $510 in the pre-market, ahead of the company's earnings report, scheduled for release after market close. 

The street is expecting CrowdStrike to put up an EPS of $0.94 on the quarter, a mild improvement on the $0.93 delivered this time last year. Revenue is expected to have grown 20% Y/Y to $1.22billion, with a similar mark expected for next year (FY27 expected at 21.96% sales growth).

This price action suggests a battle between bulls and bears, with the $500 level acting as a key psychological and technical threshold. The 50-day simple moving average (SMA) currently sits at $511.79, while the 200-day SMA is at $449.03, indicating that the stock is trading above its long-term average but below its short-term average, adding to the uncertainty.

Recent news events paint a multifaceted picture of CrowdStrike's current position. On November 5, the company announced a significant partnership with CoreWeave at the FalCon Europe 2025 conference. This collaboration aims to create a secure AI cloud foundation, integrating CoreWeave's high-performance AI capabilities with CrowdStrike's Falcon® platform. The goal is to secure AI workloads, from model development and training to deployment, potentially unlocking significant opportunities in the burgeoning AI security market.

Adding to the positive sentiment, Arete Research upgraded CrowdStrike's stock to a ‘Buy' rating on October 28, raising the price target significantly from $456 to $706. This upgrade was fueled by CrowdStrike's recognition as the leader in the 2025 Frost Radar™ for SaaS Security Posture Management (SSPM) for the second consecutive year, solidifying its position as a dominant player in the cybersecurity landscape. 

Looking ahead to the earnings report, investors will be closely scrutinizing CrowdStrike's key metrics, including its revenue growth rate, customer acquisition costs, and billings. Any signs of slowing growth or increasing costs could trigger a correction, where a firm beat and raise could set bulls up for a retest of highs The implied move for CWRD on the week is just under 10%, with volatility expected.