Wall Street

Market analysts assessed the prospects of CrowdStrike, which raised over $ 600 million in IPO

Summary

Market analysts assessed the prospects of CrowdStrike, which raised over $ 600 million in IPO CrowdStrike Raises $ 612 Million In IPO, Stock Soars More Than 70% On First Day Of Trading. CrowdStrike offers a cloud-based platform for endpoint security, […]

Market analysts assessed the prospects of CrowdStrike, which raised over $ 600 million in IPO

CrowdStrike Raises $ 612 Million In IPO, Stock Soars More Than 70% On First Day Of Trading.

CrowdStrike offers a cloud-based platform for endpoint security, threat intelligence and cyberattack response services. Leading Wall Street analysts shared their opinion on the company’s prospects.

Shaul Eyal, Senior Analyst at Oppenheimer, cited CrowdStrike’s superior technology and ability to use artificial intelligence and machine learning as key factors for his rankings. «We believe that the innovative CrowdStrike technology, which uses intelligent threat analysis and crowdsourcing to outperform opponents, outperforms its competitors, he said. – We are confident that CrowdStrike will displace and replace competing solutions and gain market share from legacy next-generation antivirus vendors».

Needham analytics team & Company led by Alex Henderson believes CrowdStrike can continue to grow revenues by 50–100% per annum for the next three to five years. That being said, CrowdStrike has yet to make a profit and lost $ 140 million last year.. «CrowdStrike spends on stimulating growth. That’s the right decision», – Henderson believes.

Tal Liani and Bank of America Merrill Lynch analyst team note that CrowdStrike is uniquely positioned to disrupt the $ 7 billion endpoint security market that is just part of its cloud structure..«Targeting the mainstream endpoint market, the industry is in the midst of a massive transition from legacy antivirus to more robust next-generation behavioral platforms where CrowdStrike showcases superior machine learning, intelligent threat intelligence, agent lightness, and 100% cloud architecture.", – indicated by analysts in their report.

Market analysts assessed the prospects of CrowdStrike, which raised over $ 600 million in IPO

The RBC Capital Markets group of analysts, led by Matthew Hedberg, predicts that the total CrowdStrike addressable market could grow to $ 29.3 billion by 2021, currently valued at $ 24.6 billion..