Observed Signal · Jun 15, 2026 · Analyst Commentary · Source: CNBC Investing · Impact: 2/5 · Sentiment: Neutral
CrowdStrike Up 80% Since April; Still a Buy
Virtus Investment Partners chief market strategist Joe Terranova told CNBC’s Halftime Report on June 15, 2026 that CrowdStrike Holdings remains an attractive buy despite a recent rally. The article links the stock’s surge (about 83% from the April 10 low) to stronger demand for cybersecurity solutions amid broader AI adoption and concerns about software hacks following Anthropic’s April 7 unveiling of its Mythos model. The Global X Cybersecurity ETF (BUG) is also up materially since the April low. Terranova said he is "buying the momentum," noting sentiment and momentum have driven the rally even as the stock traded about 12% below a roughly $785 52-week high reached on June 1.
Single-company market commentary linking AI-driven cybersecurity demand to a strong stock rally; notable for investors and security vendors but not industry-shifting.
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Key Takeaways & Evidence Grounding
- CrowdStrike Holdings' stock rose about 83% since the April 10 low.
- Joe Terranova is chief market strategist at Virtus Investment Partners and said on CNBC's Halftime Report he is "buying the momentum" in CrowdStrike and views it as a buy.
- Anthropic unveiled a new AI model called Mythos on April 7, which the article links to increased cybersecurity concerns and demand.
- The Global X Cybersecurity ETF (ticker: BUG) is up 48% since the April 10 low.
- As of the article, CrowdStrike was trading nearly 12% below its 52-week high of roughly $785 reached on June 1.
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Jim Cramer Calls CrowdStrike a Buy After Strong Quarter
Jim Cramer said CrowdStrike is a buy after the company's fiscal 2027 second-quarter results showed record net-new annual recurring revenue and AI-driven demand. CrowdStrike reported $333 million of net-new ARR (NNARR), up 51% year-over-year and about $45 million above guidance, drove revenue and ARR acceleration, and raised its full-year top-line growth forecast citing strong pipeline. CEO George Kurtz attributed the strength to customer urgency around securing AI adoption and a shift from legacy security infrastructure. The print sparked a rally in CrowdStrike shares and lifted fellow cybersecurity stock Palo Alto Networks.
Wall Street: AI Boosts Cybersecurity Stocks
Wall Street analysts are reframing AI as a tailwind for cybersecurity companies, citing increased demand for security as AI systems expand attack surfaces. Mizuho upgraded CrowdStrike to outperform and raised its price target to $520, citing healthy platform demand and strong AI security offerings. JPMorgan identified CrowdStrike and Palo Alto Networks as likely beneficiaries of threats tied to foundation models and agentic AI. The article notes partnerships such as Anthropic’s Project Glasswing (which named CrowdStrike and Palo Alto as partners) and highlights product and sales catalysts like CrowdStrike’s Falcon Flex and hyperscaler demand. Jim Cramer and his Investing Club hold both names (CrowdStrike rated strongly; Palo Alto rated a 3 to trim into strength). Stock moves and ETF exposures (IGV software ETF) suggest investor sentiment is shifting toward viewing AI as increasing security spend rather than stealing market share.
Cramer: Two cybersecurity stocks can keep climbing
CNBC’s Jim Cramer said investors should not be deterred by recent rallies in cybersecurity stocks, arguing that AI-driven threats are increasing demand for security products. He highlighted CrowdStrike and Palo Alto Networks — which have risen sharply year-to-date — and noted that earnings growth justifies higher P/Es. Cramer cited bullish research from TD Cowen, which raised price targets on both companies and kept buy ratings, and said AI developers alone won’t eliminate the need for specialist cybersecurity providers. He emphasized cloud migration and CrowdStrike’s cloud-native positioning, noting the company’s business is about 15% penetrated and still has substantial runway for growth. Cramer’s Charitable Trust owns shares in both CrowdStrike and Palo Alto Networks.
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