Jim Cramer recommends buying CrowdStrike despite a 100%-plus gain over the past year, believing the stock can hit new highs. The company reported record net-new annual recurring revenue of $333 million in fiscal 2027 second quarter, up 51% year over year and $45 million above the high end of guidance. Revenue accelerated for the fifth consecutive quarter and ARR for the fourth. CEO George Kurtz attributed the strong performance to customer urgency around securing AI adoption and migrating from legacy security infrastructure, with 80% of cloud natives not yet adopted CrowdStrike’s cloud security offerings, representing significant growth potential. The annual Fal.Con conference next week is expected to be a major catalyst for the stock.
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