CrowdStrike expands cloud security with new application protection platform capabilities
July 27, 2022
Trending News ☀️
CrowdStrike ($NASDAQ:CRWD) announced Tuesday that it is expanding its agent-based and agentless protection capabilities with the launch of its new cloud native application protection platform. The new platform provides Amazon ECS support to secure containers, expand image registry scanning, and help developers rapidly identify and remediate cloud vulnerabilities. The launch of CrowdStrike’s new platform is a significant advancement in cloud security that is likely to have a positive impact on the company’s market and earnings in the long term.
Market Reaction
The move comes as the company looks to capitalize on the growing market for cloud-based security solutions. After the announcement, media sentiment was mostly positive, with many outlets lauding the move as a savvy business move. On Tuesday, CROWDSTRIKE HOLDINGS stock opened at $182.2 and closed at $169.2.
VI Analysis
As an investor, it is important to look at a company’s fundamentals in order to gauge its long-term potential. The VI app makes this analysis simple by providing a clear and concise picture of a company’s financial health. Based on VI’s analysis, the fair value of a CROWDSTRIKE HOLDINGS share is around $251.8.
However, the stock is currently trading at $169.2, which means it is undervalued by 33%.
Summary
CrowdStrike is a cloud-based security company that provides protection against cyber threats. The platform will also provide security for on-premises applications.
