Calling IT security giant CrowdStrike Holdings, Inc. (CRWD) “one of the greatest companies in tech,” well-known investor Josh Brown on CNBC said that the firm had reported “unbelievable” first-quarter results recently.
He also noted that CrowdStrike Holdings, Inc. (CRWD), which has risen 26% in 2025, is “one of the best performing stocks of the year.”
Brown is the CEO of Ritholtz Wealth Management.
Brown Raves About CRWD’s Q1 Results
CRWD’s annual recurring revenue (ARR) jumped 23% in Q1 versus the same period a year earlier, Brown said. According to the investor, “ARR is “the only (metric) that matters (because) that’s how these stocks are valued.”
The firm’s subscription revenue surged 31% year-over-year, he added.
Brown Extols the Stock’s Performance
The shares have made up the large amount of ground that CrowdStrike Holdings, Inc. (CRWD) had lost as a result of the IT outage that its software precipitated last summer, Brown noted. Further, the stock was 26% above its 200-day moving average as of midday yesterday, Brown noted.
The investor, who did not address the company announcement that it would lay off 5% of its workforce, noted that he would hold onto his shares of the name.
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This article is originally published at Insider Monkey.
