[ad_1]
CrowdStrike (CRWD) stock rose on Tuesday after the company reported fourth-quarter results, showing revenue of $845 million, compared to expectations of $839 million. It became clear. Additionally, the company announced full-year forecasts for 2024 that exceeded expectations.
Piper Sandler Senior Research Analyst Rob Owens joins Yahoo Finance to discuss CrowdStrike’s planned acquisition of Flow Security and broader cyber momentum as large enterprises navigate security challenges.
The next election could also be a catalyst for CrowdStrike, Owens explains. “Obviously from a partisan standpoint, there’s an assumption that one side is more pro-technology than the other, but at the end of the day, we’re seeing a lot of voices.” Even the Director of the FBI recently came out and predicted that Pearl Harbor-like activity could occur to our nation’s critical infrastructure within the next six to nine months. Whether it’s an attack on the digital infrastructure or an attack on the physical infrastructure that integrates with IT, I think at the end of the day, we’re going to continue to see a lot of deepfakes being pointed out during the election season. Attempts may also occur and attacks may increase.”
For more expert insights and the latest market trends, click here to watch the full episode of Yahoo Finance Live.
Editor’s note: This article was written by Nicholas Jacobino
[ad_2]
Source link
