Breaking News
0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

CrowdStrike Holdings Inc. Customers Remain 'Very Satisfied' - Stifel

Stock Markets Aug 17, 2022 13:12
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
CRWD
-0.65%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Sam Boughedda

A Stifel analyst raised the firm's price target on CrowdStrike Holdings Inc. (NASDAQ:CRWD) to $220 from $205 per share on Wednesday, maintaining a Buy rating on the stock.

Stifel recently completed its annual survey of the CrowdStrike customer base that focused on existing/projected Falcon module adoption, feedback regarding specific modules (Spotlight, Cloud, etc) and factors that influenced their decision to purchase CrowdStrike vs. a competitor.

The analyst said overall, customers remain "very satisfied" with the company's growth product portfolio, and the vast majority of respondents expect to increase their spending in coming quarters/years. He added that the key takeaways from the survey include: 1. Adoption of Cloud Security Modules Beginning to Inflect 2. As a result, Stifel believes CrowdStrike is well positioned to gain share as customers consolidate spending on the platform.

"Looking forward, the survey reinforced our confidence in CrowdStrike's multi-module adoption trajectory and growing customer demand for not only consolidating endpoint security with CrowdStrike but also extending their CrowdStrike deployments to non-traditional workloads, especially cloud. Given this continued growth momentum we raise our target price to $220, 16X CY23E EV/Revs," wrote the analyst.

Crowdstrike shares are down 2.2% Wednesday.

CrowdStrike Holdings Inc. Customers Remain 'Very Satisfied' - Stifel
 

Related Articles

Dow Futures Tick Higher After Indices Extend Rout
Dow Futures Tick Higher After Indices Extend Rout By Investing.com - Sep 26, 2022 1

By Oliver Gray  Investing.com - U.S. stock futures were trading higher during Monday’s evening deals, after major benchmark indices extended declines for the 5th consecutive...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email