CRWD Research Note — Demand Runs Ahead
CrowdStrike’s cRPO and retention improved, but valuation makes the August 26 margin and net-new ARR evidence the next decisive test for the recovery.
CRWD
CRWD Deep Coverage Review — Analysis as of August 13, 2026
CrowdStrike’s forward demand is improving, but a 44.3-times sales multiple makes the August 26 margin and net-new ARR evidence decisive for the thesis.