Streetbeat News

CRWD

CrowdStrike Holdings, Inc.

https://www.crowdstrike.com

Industry

Software - Infrastructure

CrowdStrike Holdings, Inc. provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners. It serves customers worldwide. The company was incorporated in 2011 and is based in Austin, Texas.

Open

340.40

Mkt cap

83B

Volume

3.4M

High

343.00

P/E Ratio

488.04

52-wk high

398.33

Low

332.75

Div yield

N/A

52-wk low

200.81

Raymond James analyst Adam Tindle has initiated coverage on CrowdStrike Holdings (NASDAQ:CRWD) with an Outperform rating and set a price target of $330.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 1:48 pm

CrowdStrike Holdings (NASDAQ:CRWD) has been analyzed by 39 analysts, showing a range of opinions. The average 12-month price target is $248.26, up 14.47% from the previous target. Analysts from firms like JMP Securities, Keybanc, and Morgan Stanley have raised their price targets, reflecting a positive outlook on the company's performance. CrowdStrike's financials show strong revenue growth and net margin, but a lower ROE compared to industry averages. The company's low debt-to-equity ratio indicates a healthy balance of financing.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 9:01 pm

CrowdStrike Holdings' stock (CRWD) is trading higher following an analyst update from JMP Securities, which maintained a Market Outperform rating and increased the price target from $235 to $330.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 7:55 pm

JMP Securities analyst Trevor Walsh has reaffirmed a Market Outperform rating on CrowdStrike Holdings (NASDAQ:CRWD) and increased the price target from $235 to $330.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 6:03 pm

A massive data breach, termed the 'mother of all data breaches,' has leaked 26 billion records, affecting users of LinkedIn, Venmo, and other services. Cybersecurity experts warn of increased risks of cybercrime, such as credential stuffing. Cybersecurity companies like Crowdstrike Holdings Inc. (CRWD) and Zscaler Inc. (ZS) have seen their stock prices rise, with gains of 20.5% and 14% year to date, respectively. The breach highlights the importance of cybersecurity measures for individuals and the potential for investors in cybersecurity stocks.

Portfolio Pulse from Caleb Naysmith

January 29, 2024 | 3:30 pm

Microsoft Corporation has alerted organizations of potential cyberattacks by Midnight Blizzard, a Russian state-backed hacking group. The group, also known as NOBELIUM, was previously involved in a breach of Microsoft's emails, including those of senior leadership. Hewlett Packard Enterprise Co. also reported a breach by the same group. Microsoft's Threat Intelligence team is actively investigating and notifying targeted organizations. The situation underscores the ongoing cybersecurity challenges posed by Russian hackers.

Portfolio Pulse from Ananya Gairola

January 26, 2024 | 6:11 am

Hewlett Packard Enterprise Co (NYSE:HPE) reported a breach in its cloud-based email system by a suspected nation-state actor, identified as Midnight Blizzard or Cozy Bear. This follows a similar incident at Microsoft Corp (NASDAQ:MSFT). Crowdstrike Holdings Inc (NASDAQ:CRWD) CEO commented on the cybersecurity challenges posed by Russian hackers. HPE's ongoing acquisition talks with Juniper Networks, Inc. (NYSE:JNPR) could be affected by the security breach.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 7:30 am

CrowdStrike CEO George Kurtz discussed the challenges of combating Russian hackers, specifically Nobelium, after they breached Microsoft's security and accessed top executives' emails. Kurtz highlighted Nobelium's 'low and slow' tactics, which are difficult to detect. He also mentioned that CrowdStrike's algorithms have been successful in stopping Nobelium previously and that some of Microsoft's customers have sought additional support from CrowdStrike.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 7:08 am

Tech sector stocks are up due to positive consumer sentiment data and anticipation of future Federal Reserve rate cuts, indicating market optimism.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:38 pm

CrowdStrike Holdings' stock (CRWD) is trading higher following an Overweight rating reaffirmation and a price target increase from $245 to $318 by Keybanc.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:54 pm

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