CrowdStrike (CRWD) Expands to Saudi Arabia, India, and UAE to Enhance Data Sovereignty Initiative
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Global Data Sovereignty Initiative: CrowdStrike announced plans to launch new regional clouds in Saudi Arabia, India, and the UAE, aimed at enabling local businesses to adopt its Falcon platform, thereby enhancing cybersecurity capabilities and data sovereignty in these regions.
- Integrated Security Operations: The new regional clouds will allow local companies to be “fully connected” to CrowdStrike's global telemetry and threat intelligence systems, eliminating regional silos and enhancing responsiveness to potential cyber threats.
- CEO Statement: CrowdStrike CEO George Kurtz emphasized that data sovereignty requirements cannot come at the cost of AI-powered security, highlighting the importance of providing local data residency within a unified global security model to address evolving cyber threats.
- Market Reaction: Despite being labeled a “tech winner” by Wedbush Securities, CrowdStrike's shares fell 1.5% in midday trading, reflecting market concerns over its valuation.
Analyst Views on CRWD
Wall Street analysts forecast CRWD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRWD is 562.25 USD with a low forecast of 353.00 USD and a high forecast of 640.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
34 Analyst Rating
23 Buy
11 Hold
0 Sell
Moderate Buy
Current: 453.880
Low
353.00
Averages
562.25
High
640.00
Current: 453.880
Low
353.00
Averages
562.25
High
640.00
About CRWD
CrowdStrike Holdings, Inc. is a global cybersecurity company that provides cloud-delivered protection of endpoints, cloud workloads, identity and data. Its Falcon platform is designed for cybersecurity consolidation, purpose-built to stop breaches. The platforms collect and integrate data from across the enterprise, including endpoints, cloud workloads, identities, and third-party sources. It offers 29 cloud modules on its Falcon platform via a software as a service (SaaS) subscription-based model that spans multiple large markets, including corporate endpoint and cloud workload security, managed security services, security and vulnerability management, information technology (IT) operations management, identity protection, next-generation security information and event management (SIEM) and log management, threat intelligence services, data protection, SaaS security posture management, automation and response (SOAR) and artificial intelligence powered workflow automation, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
