Analysts expect CrowdStrike’s earnings to grow by 84%

29.09.2023

Shares of cybersecurity company CrowdStrike (CRWD) are holding a key support level on its chart, preparing for a possible move. The company has added new artificial intelligence capabilities to its flagship Falcon security platform.

Falcon works with cloud security, identity protection, threat analysis, data protection and generative artificial intelligence for security purposes. The company is expanding its artificial intelligence capabilities with a new generative AI model called Charlotte.

CrowdStrike began upgrading Falcon in September, using Charlotte’s AI and advanced detection and response technology to improve speed and efficiency.

The security software company raised its subscription, operating gross margin and free cash flow targets for the next three to five years.

CrowdStrike ranks first in the security software group. The group ranks a modest 74th out of IBD’s 197 industry groups.