CrowdStrike Holdings ( CRWD ) can buck Microsoft ‘s ( MSFT ) push into the cybersecurity market, says an analyst who initiated coverage of CRWD stock with an outperform rating. CrowdStrike stock moved higher on Wednesday and ventured closer to being in the black for 2023. "We believe that CrowdStrike offers best-in-class endpoint security capabilities and an expanding platform that will help CrowdStrike compete against Microsoft and other vendors," BMO Capital Markets analyst Keith Bachman said in a note to clients Tuesday. Meanwhile, Microsoft is leveraging its cloud computing unit as well as selling multiple cybersecurity products to companies in discounted deals. Also, Microsoft on Wednesday said it would lay off 10,000 workers in the latest round of tech companies downsizing. CrowdStrike Chief Executive George Kurtz , in a recent interview with IBD, talked about the evolving cybersecurity market. Kurtz addressed the Microsoft threat. "There’s a lot of competition in the cybersecurity space, whether it’s from Microsoft or others. And I think what customers are focused on is getting the best outcome for the best bang for the buck," Kurtz said. "We empirically can show that when we think about Microsoft, they are busy with other things like their […]
CrowdStrike Initiated At Outperform Amid Microsoft Cybersecurity Battle
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