Okta and CrowdStrike News: CRWD stock falls despite earnings beat, while OKTA gains strongly

CRWD stock falls in afterhours trading as earnings beat estimates.
CrowdStrike beats on both top and bottom lines.
OKTA beats on top and bottom lines and pushes ahead in the afterhours market.

Ivan Brian FXStreet

CrowdStrike (CRWD) shares fell in the afterhours market on Thursday as the stock had put in a very strong performance during the regular session. CRWD stock closed up just under 8% at $174.02 as investors anticipated a strong earnings report. Well, that is what they got, but the stock fell anyway. "Better to travel than arrive" or "Buy the rumor/sell the fact": take your pick from the tried and trusted market excuses!

CrowdStrike Stock News: Earnings beat was priced in

CrowdStrike reported Q1 earnings per share (EPS) of $0.31, which was considerably ahead of the $0.23 estimate. Revenue also comfortably beat estimates, reaching $488 million against the average estimate of $463 million. CrowdStrike also provided updated guidance for Q2 earnings. CRWD now forecasts Q2 revenue of $514.75 million and the midpoint on EPS of $0.275. This compares with prior estimates for Q2 of $510 million in revenues and EPS of $0.24. Crowdstrike also gave upgraded guidance for 2023, which again was higher than previous analyst forecasts. Customer wins were strong with growth at 57% yearly bringing total customers to 17,945.

Okta Stock News: Earnings beat extends share price

OKTA also beat, EPS was $-0.27 versus the $-0.34 expected. Revenue reached $415 million, $26 million higher than forecast. OKTA also gave strong guidance with revenue for Q2 now forecast at $429 million versus the $422 million earlier presumption.

OKTA was and still is down sharply for 2022 – 57% – while CRWD is a much stronger performer, losing 15% in 2022. That partly explains the overreaction of OKTA relative to CRWD.

Okta Stock Forecast: Oversold signals foreshadowed price action

Oversold signals from both the Money Flow Index (MFI) and the Relative Strength Index (RSI) last week have now been added to with this strong set of earnings and guidance. A short-term bottom may be in place, and the huge volume gap from $100 to $140 is notable. This is one to watch, but a period of stability after this move is needed, which should lead to a continuation formation.

OKTA chart, daily

CrowdStrike Stock Forecast: Must retain $160 support

Again CRWD stock was showing as oversold last week on both the MFI and the RSI. Holding above $160 is key for bulls.

CRWD daily chart

Like this article? Help us with some feedback by answering this survey:

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to Premium Sign In

Author

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD eyes 1.1800 barrier near two-month highs

EUR/USD extends its gains for the second consecutive day on Tuesday and approaches 1.1800. On the daily chart, technical analysis indicates a persistent bullish bias, as the pair moves upward within the ascending channel pattern. Additionally, the 14-day Relative Strength Index at 68.89 reaffirms the bullish bias.

GBP/USD climbs to 1.3500 area, renews ten-week high

GBP/USD extends its weekly rally and trades at its highest level since early October near 1.3500. The US Dollar remains under persistent bearish pressure heading into the holidays, while Pound traders largely brush off the latest interest rate cut from the Bank of England.

Gold approaches $4,500 as record-setting rally continues

Gold builds on Monday's impressive gains and advances toward $4,500, setting fresh record-highs along the way. Heightened geopolitical tensions, combined with the broad-based US Dollar (USD) weakness ahead of the Q3 GDP data, help XAU/USD preserve its bullish momentum.

Uniswap holds above $6 as traders eye UNIfication vote outcome

Uniswap price holds above $6 at the time of writing on Tuesday after closing above a key resistance zone in the previous week. Traders are focusing on the highly anticipated UNIfication proposal, which is set to conclude on Thursday, and could become a key near-term catalyst. On the technical side, momentum indicators are flashing bullish signals, hinting at an upside rally.

Ten questions that matter going into 2026

2026 may be less about a neat “base case” and more about a regime shift—the market can reprice what matters most (growth, inflation, fiscal, geopolitics, concentration). The biggest trap is false comfort: the same trades can look defensive… right up until they become crowded.

XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.