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Thursday, April 18, 2024

Why CrowdStrike is separating from the cybersecurity pack

Why CrowdStrike is separating from the cybersecurity pack

By DAVE VELLANTE, Silicon Angle

It has been an interesting month in the cybersecurity space. The sector has been somewhat less affected by budget tightening these past 24 months and at the same time has benefitted from AI tailwinds.

But in the past several weeks we’ve seen some separation in key highflying cybersecurity names. Specifically, Palo Alto Networks Inc. shocked the street last month with a $600 million billings forecast surprise and sounded the alarm that there were cracks in its consolidation execution. This dragged down other consolidation players in sympathy, namely CrowdStrike Holdings Inc. and Zscaler Inc.

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