2024-05-30 23:45:24 ET
Summary
- CrowdStrike's AI-native single-platform security solution is well-positioned to address the challenges of the new threat landscape, whether on-prem or in the cloud.
- CrowdStrike continues to bolster its data security posture as AI/ML applications move from training to inferencing.
- Management expects revenue growth in the range of 28-31% for eFY25 in the face of a challenging macroeconomic landscape.
CrowdStrike ( CRWD ) will be reporting Q1’25 on June 4, 2024 , and continues to present a compelling story as enterprises tackle the challenges associated with the new threat landscape that is AI/ML. As AI progressively intertwines with enterprise operations, whether it is used for automation, performance optimization, or acts as a threat vector for data leakage, GenAI is here to stay and will become a considerable challenge as the rate of change opens an entirely new door for threat actors to steal trade secrets and customer data, amongst other things. CrowdStrike’s AI-native single platform security solution aims to cover all aspects of cybersecurity without the need for multiple consoles, multiple platforms, and the high associated costs for hiring experts to manage these products. Despite the challenging macro landscape, CrowdStrike’s total cost savings as it pertains to their customers offers a compelling growth story as Falcon is gradually becoming the go-to solution. I reiterate my STRONG BUY recommendation for CRWD stock, with a price target of $475/share at 23x price/sales....
Read the full article on Seeking Alpha
For further details see:
CrowdStrike Avoids Fatigue With Its Single-Platform Offering (Q1 Earnings Preview)