CrowdStrike (CRWD) trades at $262.31, up 124% this year, while Fortinet (FTNT) is up 142% at $192.49 and Palo Alto Networks (PANW) is up 118% at $401. The First Trust NASDAQ Cybersecurity ETF (CIBR) is up 52% at $107.98 and the Invesco QQQ Trust is up 21% at $745.75, well behind the leaders. On its August 26 call for fiscal Q2 2027, CrowdStrike reported record net new ARR of $333 million, up 51%, ending ARR of $5.84 billion, and revenue of $1.47 billion, up 26%, and it raised full-year net new ARR growth guidance to 34% at the midpoint. Skeptics note the stock has run far ahead of its sector fund and that a solid quarter could still disappoint if the price already reflects acceleration. Investors are watching whether the raised guidance holds next quarter and how management describes AI-driven demand.
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