CrowdStrike Named Leader in Forrester Wave™: External Threat Intelligence

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CROWDSTRIKE ($NASDAQ:CRWD): Today, CrowdStrike Holdings, Inc., a leading provider of next-generation endpoint protection and cloud-delivered security solutions, proudly declared that it has been recognized as a Leader in The Forrester Wave™: External Threat Intelligence report, which was released on August 03, 2023 in Austin, Texas. This report is an important benchmark for organizations seeking solutions to address external threat intelligence and provides guidance on the innovative vendors in the market. CrowdStrike Holdings, Inc. is a global leader in cloud-delivered next-generation endpoint protection and protection against sophisticated cyber-attacks. CrowdStrike’s cloud-native platform revolutionizes the way organizations protect their networks from threats of all kinds. As the leader in external threat intelligence, CrowdStrike provides customers with the most accurate and timely intelligence on the latest threats and vulnerabilities, allowing customers to anticipate and mitigate cyber threats quickly and effectively.

The company’s threat intelligence solutions are designed to help organizations stay ahead of malicious actors and protect their data and resources. With CrowdStrike’s comprehensive view of the threat landscape, customers can identify risks and proactively take action to prevent attackers from launching successful attacks. CrowdStrike continues to be an industry leader in cloud-delivered security solutions and external threat intelligence. With its advanced technology, innovative platform, and experienced team of security experts, CrowdStrike is well-positioned to continue to deliver superior protection for organizations against cyber threats.

Stock Price

Friday saw a 4.5% drop in the closing price of CROWDSTRIKE HOLDINGS, with the stock opening at $155.2 and closing at $150.5, compared to the previous closing price of $157.6. The Forrester Wave report noted CrowdStrike’s ability to provide high-quality visibility into threats, as well as its advanced analytics capabilities. The company was also recognized for its ability to automate workflows, as well as its user-friendly interface.

In addition, CrowdStrike’s extensive library of threat intelligence and security services was praised for its ability to enable customers to respond quickly to threats. Overall, CrowdStrike’s recognition as a leader in external threat intelligence is a testament to its commitment to providing comprehensive security solutions. The company’s ability to provide best-in-class visibility into threats and automated workflows is sure to help it stay ahead of the competition. With its advanced analytics capabilities and extensive library of threat intelligence and security services, CrowdStrike remains well-positioned to continue offering top-notch solutions to customers in the future. Live Quote…

About the Company

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Analysis

We, GoodWhale, recently performed an analysis of CROWDSTRIKE HOLDINGS‘s wellbeing. Our Star Chart reveals that CROWDSTRIKE HOLDINGS is strong in growth, medium in asset and weak in dividend, profitability. Additionally, it has an intermediate health score of 6/10 with regard to its cashflows and debt, suggesting it is likely to safely ride out any crisis without the risk of bankruptcy. We further classify CROWDSTRIKE HOLDINGS as a ‘cheetah’, a type of company we conclude that achieved high revenue or earnings growth but is considered less stable due to lower profitability. As such, investors looking for a more volatile and potentially rewarding investment may be interested in such a company. More…

Peers

It is no secret that the competition between CrowdStrike Holdings Inc and its competitors is fierce. Zscaler Inc, SentinelOne Inc, Palo Alto Networks Inc are all battling it out for market share in the cybersecurity industry. While each company has its own unique strengths and weaknesses, CrowdStrike seems to be gaining ground on its competitors.

– Zscaler Inc ($NASDAQ:ZS)

Zscaler Inc is a publicly traded American internet security company headquartered in San Jose, California. Zscaler provides cloud security, network security, and cybersecurity services for enterprises, government organizations, and service providers around the world. The company was founded in 2007 by Jay Chaudhry and K.K. Mookhey.

Zscaler has a market cap of $19.36 billion as of 2022 and a return on equity of -37.32%. The company provides internet security services for enterprises, government organizations, and service providers around the world.

– SentinelOne Inc ($NYSE:S)

SentinelOne is a cyber security company that specializes in endpoint security. The company was founded in 2013 and is headquartered in Mountain View, California. As of 2022, SentinelOne has a market cap of $5.82B and a return on equity of -12.5%. The company’s primary product is a security platform that uses machine learning and artificial intelligence to protect endpoint devices from malware and other threats.

– Palo Alto Networks Inc ($NASDAQ:PANW)

Palo Alto Networks is a publicly traded cybersecurity company with a market capitalization of $47.44 billion as of April 2021. The company’s return on equity (ROE) for 2020 was -42.69%. Palo Alto Networks provides a platform for secure network connectivity and security and operates in three segments: Enterprise Security, Network Security, and Cloud Security. The company was founded in 2005 and is headquartered in Santa Clara, California.

Summary

Investing analysis of CrowdStrike Holdings (CRWD) reveals a mixed outlook. Stock price fell on August 3rd, 2023 following the announcement that the company had been named a leader in the Forrester Wave™: External Threat Intelligence. The consensus recommendation for CRWD is a hold, with some analysts recommending to buy and others recommending to sell.

Recent news on business partnerships and acquisitions has been positive, and the company is well-positioned for future growth and expansion. Overall, CRWD presents an attractive medium-term investment opportunity.