Key TakeawaysThe cybersecurity firm delivered Q1 FY2027 earnings per share of $1.10, surpassing Wall Street’s $1.07 estimateQuarterly revenue reached $1.39B, exceeding the $1.36B analyst consensus by approximately $30 millionDespite the positive results, CRWD shares declined roughly 9% during after-hours tradingThe company unveiled a 4-for-1 stock split, with adjusted trading commencing on July 2Wall Street firms updated their outlooks: Bernstein increased its target to $413, while Goldman Sachs boosted theirs to $726Shares of CrowdStrike (CRWD) experienced a notable decline of approximately 9% during extended trading hours on June 3, following the cybersecurity company’s release of its fiscal first quarter 2027 financial results. The stock had concluded regular trading at $747.61 prior to the earnings announcement.CrowdStrike Holdings, Inc., CRWDThe company’s quarterly performance exceeded Wall Street expectations across both revenue and profitability metrics. Earnings per share registered at $1.10, outpacing the anticipated $1.07. Revenue totaled $1.39 billion, surpassing the $1.36 billion consensus forecast and representing a robust 26% increase compared to the same period last year.Heading into the earnings report, CRWD had already appreciated 65% year-to-date, suggesting that the after-hours decline might be attributed more to investors securing gains rather than dissatisfaction with the actual financial performance.$CRWD Q1’27 EARNINGS HIGHLIGHTS Revenue: $1.39B (Est. $1.38B) ; +26% YoY Adj. EPS: $1.10 (Est. $1.07) ARR: $5.51B; +24% YoY Net New ARR: $255.8M; +32% YoY Stock Split: 4-for-1FY Guide: Revenue: $5.915B-$5.959B (Est. $5.9B) ARR: $6.532B-$6.556B… pic.twitter.com/Pp0jrGaxdW— Wall St Engine (@wallstengine) June 3, 2026Looking ahead, the company’s management team provided guidance for Q2 FY2027 revenue of $1.43B–$1.44B, aligning with analyst projections of $1.43B. For the complete fiscal year 2027, revenue is expected to land between $6.53B and $6.55B.The full-year earnings per share outlook of $4.88–$4.96 marginally exceeded the Wall Street consensus estimate of $4.86.Stock Split DetailsCrowdStrike simultaneously revealed plans for a 4-for-1 split of its Class A common stock. Using the $747.61 closing price as a reference point, the split is projected to reduce the per-share price to approximately $185. Split-adjusted trading is scheduled to commence on July 2.While stock splits don’t alter a company’s fundamental valuation, they frequently enhance stock accessibility for individual retail investors by lowering the entry price point.Wall Street Analyst UpdatesBernstein elevated its price target for CRWD from $368 to $413 in response to the quarterly results, while maintaining its Market Perform rating. The investment firm highlighted the 1.7% revenue beat at the midpoint and annual recurring revenue that exceeded forecasts by $6 million.Goldman Sachs took a more optimistic stance. The firm increased its price target substantially from $500 to $726, retaining a Buy rating. Goldman emphasized growing customer demand for vulnerability management solutions.CrowdStrike enhanced its full-year annual recurring revenue guidance upward by $53 million. Bernstein attributed the strengthening demand landscape partially to enterprise requirements surrounding AI security capabilities.CEO George Kurtz directly addressed artificial intelligence themes in the earnings announcement. “In Q1, the worlds of cybersecurity and frontier AI collided: this was the Mythos moment. CrowdStrike is AI security infrastructure, critical to successful AI adoption,” Kurtz stated.The company also serves as a principal signatory of Project Glasswing and organized Project QuiltWorks in April to collaborate with industry stakeholders on enterprise buyer priorities.Cybersecurity equities experienced a pullback earlier this year amid concerns regarding AI-driven disruption. The sector has subsequently rebounded, with CRWD advancing approximately 74% over the three-month period preceding the earnings release.Wall Street maintains a consensus Strong Buy rating on the stock from 36 analysts, comprising 28 Buy ratings, 7 Hold ratings, and 1 Sell recommendation.The average analyst price target of $576.50 suggested approximately 22% downside potential from the pre-earnings closing price — a metric that will likely undergo revisions following Tuesday’s quarterly disclosure.Annual recurring revenue exceeded expectations by nearly $5 million on an organic basis, according to Bernstein’s analytical assessment.The post CrowdStrike (CRWD) Shares Tumble 9% Despite Strong Earnings and Stock Split Announcement appeared first on Blockonomi.