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CrowdStrike falls 10% in two days despite Q1 earnings beat and 22 EPS upgrades
- CrowdStrike stock fell 10.2% in two days following its FQ1 earnings report, a sharp "sell the news" reaction despite beating consensus estimates.
- The selloff occurred even as analysts raised the current year consensus EPS from $4.85 to $4.93, with 22 upward revisions in seven days.
- The decline coincides with the stock's elevated valuation and high pre-earnings expectations, which left limited room for positive surprise.
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Conclusion
Price fell from $747.61 on June 3 to $671.02 on June 5 (a 10.2% drop). Received 22 upward revisions and 0 downward revisions for 0y as of 2026-06-08. Stock had surged 60% year-to-date heading into earnings, with billings growth of 17.7% year-over-year missing analyst expectations despite revenue and EPS beats.