Bullish options flow was detected in CRWD stock on January 10, 2020.
On January 9, 2020, Piper Sandler analyst Rob Owens said that he expects 2020 to be a good year for the Security Software sector saying favorable trends around the threat landscape, cloud, IT, and data privacy compliance continue to boost spending. His top picks for 2020 are Okta (OKTA), Proofpoint (PFPT), ForeScout (FSCT), Fortinet (FTNT) and Crowdstrike (CRWD).
On January 7, 2020, all cybersecurity stocks got a boost on recent events in Iran and the situation with Iraq will likely lead to increased government and private sector spending in both fiscal 2020 and 2021.
Even before the situation in Iran, on December 30, 2019, Needham analyst Alex Henderson kept his Buy rating and $92 price target on Crowdstrike (CRWD). Henderson also added CRWD stock to the Needham Conviction List and calls it his single best idea in security for 2020. Henderson said the company’s technology, platform and efficacy combine to create one of the core platforms in security. Henderson said that Crowdstrike offers the right technology to improve security for either legacy perimeter defense or for emerging, zero-trust cloud-direct security.
On December 12, 2019, CrowdStrike Inc. (Nasdaq: CRWD) announced that leading managed security service provider ElevenPaths, Telefónica’s Cybersecurity Unit, joined the CrowdStrike Elevate Partner Program. Through this partnership, ElevenPaths will offer its customers worldwide the industry-leading CrowdStrike Falcon® platform for comprehensive, real-time endpoint protection and increase CrowdStrike’s reach and distribution across the U.S., Europe, Middle East and Latin America.
Through the Elevate Partner Program, ElevenPaths, will add the CrowdStrike Falcon platform to its cybersecurity offerings to bring customers the first cloud-native endpoint protection platform, all delivered via a single lightweight agent.
The Falcon platform, powered by artificial intelligence (AI), unifies next-generation antivirus (NGAV), IT hygiene, endpoint detection and response (EDR), cyber threat intelligence, and proactive threat hunting for customers around the globe. The solution enables reliable prevention, detection, response and mitigation to threats, including sophisticated malware-free intrusions so that customers can spot and stop breaches quickly.
“Improving threat detection and response is a high priority at any organization,” said Rames Sarwat, ElevenPaths vice president, Strategic Alliances. “Therefore, it is critical that we continue to innovate and offer our customers the best and most effective cybersecurity solutions available on the market, which is why we are excited to be offering CrowdStrike’s market-leading endpoint protection platform.”
ElevenPaths’ partnership with CrowdStrike illustrates that CrowdStrike is a leading choice for endpoint security, bringing together two industry leaders to deliver ground-breaking technology to the global market, especially to the U.S., Europe, Middle East, and Latin America. The partnership will allow CrowdStrike technology to be delivered through existing outsourcing contracts in ElevenPaths’ vast customer network, simplifying the procurement process for joint customers.
“We are proud to partner with ElevenPaths, bringing the power of our Falcon platform to its hundreds of thousands of customers,” said Matthew Polly, vice president, Channel and Alliances, CrowdStrike. “ElevenPaths has a proud history of offering the best solutions to their SMB and large account customers. With many businesses around the world actively looking to replace legacy AV solutions, ElevenPaths’ customers now have access to trusted and proven next-gen endpoint protection that is easily deployed, shows immediate time to value, and allows them to confidently stop breaches.”
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