Unpacking Q1 Earnings: CrowdStrike (NASDAQ:CRWD) In The Context Of Other Cybersecurity Stocks

Wrapping up Q1 earnings, we look at the numbers and key takeaways for the cybersecurity stocks, including CrowdStrike (NASDAQ:CRWD) and its peers.

Cybersecurity continues to be one of the fastest-growing segments within software for good reason. Almost every company is slowly finding itself becoming a technology company and facing rising cybersecurity risks. Businesses are accelerating adoption of cloud-based software, moving data and applications into the cloud to save costs while improving performance. This migration has opened them to a multitude of new threats, like employees accessing data via their smartphone while on an open network, or logging into a web-based interface from a laptop in a new location.

The 9 cybersecurity stocks we track reported a satisfactory Q1. As a group, revenues beat analysts’ consensus estimates by 1.6% while next quarter’s revenue guidance was in line.

Luckily, cybersecurity stocks have performed well with share prices up 50.5% on average since the latest earnings results.

CrowdStrike (NASDAQ:CRWD)

Known for detecting the massive SolarWinds hack in 2020 that compromised numerous government agencies, CrowdStrike (NASDAQ:CRWD) provides cloud-based cybersecurity solutions that protect endpoints, cloud workloads, identity, and data through its Falcon platform.

CrowdStrike reported revenues of $1.39 billion, up 25.6% year on year. This print exceeded analysts’ expectations by 1.7%. Overall, it was a strong quarter for the company with EPS guidance for next quarter exceeding analysts’ expectations and full-year EPS guidance exceeding analysts’ expectations.

Interestingly, the stock is up 13.2% since reporting and currently trades at $211.67.

Read why we think that CrowdStrike is one of the best cybersecurity stocks, our full report is free.

Best Q1: Palo Alto Networks (NASDAQ:PANW)

Founded in 2005 by security visionary Nir Zuk who sought to reimagine firewall technology, Palo Alto Networks (NASDAQ:PANW) provides AI-powered cybersecurity platforms that protect organizations' networks, clouds, and endpoints from sophisticated threats.

Palo Alto Networks reported revenues of $3.00 billion, up 31.1% year on year, outperforming analysts’ expectations by 2%. The business had a very strong quarter with an impressive beat of analysts’ billings estimates and full-year EPS guidance exceeding analysts’ expectations.

Palo Alto Networks achieved the highest guidance raise, fastest revenue growth, and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 18.9% since reporting. It currently trades at $353.20.

Is now the time to buy Palo Alto Networks? Access our full analysis of the earnings results here, it’s free.

Weakest Q1: SentinelOne (NYSE:S)

Built on the principle of "fighting machine with machine," SentinelOne (NYSE:S) provides an AI-powered cybersecurity platform that autonomously prevents, detects, and responds to threats across endpoints, cloud workloads, and identity systems.

SentinelOne reported revenues of $276.7 million, up 20.8% year on year, in line with analysts’ expectations. It was a slower quarter as it posted EPS guidance for next quarter missing analysts’ expectations significantly and a significant miss of analysts’ billings estimates.

SentinelOne delivered the weakest performance against analyst estimates, weakest guidance update, and weakest full-year guidance update in the group. The company added 35 enterprise customers paying more than $100,000 annually to reach a total of 1,702. Interestingly, the stock is up 11.5% since the results and currently trades at $20.10.

Read our full analysis of SentinelOne’s results here.

Okta (NASDAQ:OKTA)

Named after the meteorological measurement for cloud cover, Okta (NASDAQ:OKTA) provides cloud-based identity management solutions that help organizations securely connect their employees, partners, and customers to the right applications and services.

Okta reported revenues of $765 million, up 11.2% year on year. This result beat analysts’ expectations by 1.7%. It was a satisfactory quarter as it also produced a solid beat of analysts’ billings estimates.

The stock is up 63.1% since reporting and currently trades at $154.50.

Read our full, actionable report on Okta here, it’s free.

Tenable (NASDAQ:TENB)

Starting with the widely-used Nessus vulnerability scanner first released in 1998, Tenable (NASDAQ:TENB) provides exposure management solutions that help organizations identify, assess, and prioritize cybersecurity vulnerabilities across their IT infrastructure and cloud environments.

Tenable reported revenues of $262.1 million, up 9.6% year on year. This print topped analysts’ expectations by 1.2%. More broadly, it was a satisfactory quarter as it also produced EPS guidance for next quarter exceeding analysts’ expectations but a significant miss of analysts’ annual recurring revenue estimates.

The stock is up 100% since reporting and currently trades at $43.01.

Read our full, actionable report on Tenable here, it’s free.

Market Update

Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.

Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.

By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.

Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.