Crowdstrike stock was trading at $161.26 as of 01:50 PM EDT.
CrowdStrike (NASDAQ:CRWD), a cybersecurity company, and Ernst & Young have made their partnership even stronger by using the CrowdStrike Falcon platform to offer cloud security and observability services all over the world.
This partnership adds to the services that were already available, such as readiness and resilience for ransomware, incident response, recovery and remediation, identity assessment, and zero-trust capabilities.
As part of the expanded agreement, EY will use CrowdStrike Cloud Security and CrowdStrike Falcon LogScale to help clients secure their cloud workloads and turn the data they produce into useful information.
Crowdside stock exchanges and other security firms
Investment company Wedbush Securities stated this week that Fortinet (NASDAQ:FTNT), Palo Alto Networks (NASDAQ:PANW), and a number of other cybersecurity companies appear to have a clear go-ahead going into Q3 earnings.
Checks for the September quarter were “solid,” according to analyst Dan Ives, as deal volume was steady in spite of the macroeconomic uncertainty.
In a letter to clients, Ives said, “We believe federal deal flow in [the third quarter] was a glaring outlier at a time when more governmental laser-focused on protecting data, endpoints, and infrastructure in an escalating, dangerous cyber environment where threats are increasing every day.” Palo Alto Networks (PANW), which just did a three-for-one stock split, has an outperform rating from Ives and a price goal of $200 per share.
Ives said that there seems to be more of an emphasis on switching to zero-trust architecture, which is likely to “disproportionately” benefit businesses like Zscaler (NASDAQ:ZS) and Crowdstrike (NASDAQ:CRWD) in light of rising federal investment and the ongoing shift to the cloud. Ives said that since “high profile” attacks seem to be getting worse, federal cyber security tracking for 2022 seems to be 20% to 25% higher than in 2021, and 2023 is likely to be the same.
Will Crowdstrike Stock Benefit From Higher EPS Guidance?
Featured Image – Megapixl © Andreistanescu
Author Jowi Kwasu 
