DOJ Ends Probe Into CrowdStrike's Carahsoft Deals Without Action
CRWD has more than doubled off its 52-week low of $85.68.
Summary
The DOJ has closed its investigation into CrowdStrike's deals with distributor Carahsoft without bringing any criminal or civil charges. This removes a significant legal overhang that has lingered since May 2025, when prosecutors were reported to be examining a $32 million IRS-related deal. The company had also disclosed DOJ and SEC requests for information on revenue recognition and ARR reporting in June 2025. With the probe now resolved, the stock may see relief as a key regulatory risk is cleared. The company continues to trade near its 52-week high following strong Q2 results and raised guidance.
At the time of this announcement, CRWD was trading at $255.22 on NASDAQ in the Technology sector, with a market capitalization of approximately $261.3B. The 52-week trading range was $85.68 to $263.87. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.