BUZZ-Berenberg upgrades CrowdStrike to 'buy' after SGNL acquistion; shares up

Reuters01-09
BUZZ-Berenberg upgrades <a href="https://laohu8.com/S/CRWD">CrowdStrike</a> to 'buy' after SGNL acquistion; shares up

** Shares of cybersecurity firm CrowdStrike CRWD.O rise 1.21% to $469.50 premarket

** Berenberg upgrades CRWD to "buy" from "hold"

** Co said on Thursday it would acquire identity security startup SGNL for $740 million to strengthen its defenses against AI‑driven cyber threats

** Berenberg says adding SGNL to its Falcon Identity portfolio could help CRWD sell more products to existing customers

** 35 of 54 brokerages rate stock "buy" or higher, 17 "hold" and 2 "sell" or lower; median PT is $567 - data compiled by LSEG

** As of last close, stock up 29.31% in the past 12 months

(Reporting by Kanishka Ajmera in Bengaluru)

((mail to: Kanishka.Ajmera@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment