CrowdStrike (CRWD) – New Partner – March 30, 2024

By Brad FreemanMarch 31, 2024Posted in Stock Insights

Third-Party Content. Provided for informational purposes only. Not investment advice or a recommendation to buy or sell any security. See disclosure here.

CrowdStrike (CRWD) – New Partner – March 30, 2024

CrowdStrike partnered with HCLTech in India this past week. Together, CrowdStrike will offer its Extended Detection and Response (XDR) endpoint product to HCLTech’s customer base. HCLTech is a large company with $13.1 billion in total 2023 revenue. It “develops, markets and supports software for digital transformation, data, analytics, AI and automation” and now will be doing so with CrowdStrike’s breach protection at its side. India is perhaps the most exciting security market for CrowdStrike outside of the USA. It’s massive, has a growing middle class, is a bit behind in its security revolution and has a business-friendly and U.S.-friendly government. Partners like this can greatly expedite the product education and product trust both needed for CrowdStrike to dominate there like it does here. This may not seem material, but it easily could be. Good news.

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Brad Freeman

Stock Market Nerd, BBAE Contributor

Meet Brad Freeman, an independent financial analyst on the BBAE blog, and publisher of the popular StockMarketNerd newsletter. He's known for his thorough, candid takes on many of the most widely-held stocks’ earnings reports — and some less-known companies that Brad feels hold promise. When this University of Michigan finance grad isn't sharing his financial wisdom with his readers, he passionately supports his hometown Detroit sports teams. Keep an eye out for Brad's market analysis and insights.

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