Key Points

  • Cybersecurity stock, CrowdStrike Holdings (CRWD), saw a 1% increase in share price following the announcement of its partnership with Dell.
  • The two companies have formed a "strategic alliance" with CrowdStrike's solutions being available for purchase with Dell hardware.
  • The cybersecurity specialist's offerings will be available with "a broad set" of Dell goods.
  • The new partnership provides significant market access and expedites consolidation from legacy and point products to cybersecurity's leading modern platform.
  • The pricing of CrowdStrike's software bundled into Dell products has not been specified, but the collaboration is a win for both companies.

Cybersecurity firm CrowdStrike Holdings (stock: CRWD) made headlines following the announcement of a new partnership with Dell Technologies (stock: DELL

The strategic alliance will see CrowdStrike's solutions bundled into Dell products, allowing the cybersecurity specialist to reach a broader market.

CrowdStrike Holdings

The Announcement

The announcement sparked investor interest, with CrowdStrike's share price rising by over 1%, outpacing the relatively flat S&P 500 index. However, some investors remained cautious, noting the lack of financial details in the press release.

Despite the absence of specific pricing information or revenue sharing agreements, both CrowdStrike and Dell stand to benefit from the partnership. CrowdStrike gains access to a large new platform on which to sell its products, while Dell can offer customers enhanced cybersecurity solutions backed by a well-regarded industry leader.

CrowdStrike's Chief Business Officer Daniel Bernard emphasized the market access the partnership provides, saying, "The CrowdStrike and Dell collaboration provides significant market access, expediting consolidation from legacy and point products to cybersecurity's leading modern platform."

The broad set of Dell goods on which CrowdStrike's offerings will be available indicates the potential for significant market penetration.

The Cybersecurity Industry

The Cybersecurity Industry

The news comes as the cybersecurity industry continues to experience growth amid a surge in remote work and an increase in cyber threats. In its latest earnings report, CrowdStrike reported strong revenue growth, with total revenue increasing 70% year over year to $337.7 million.

Investors will likely be keeping a close eye on any further details regarding the partnership and its potential impact on CrowdStrike's financials. For now, the partnership with Dell presents an exciting opportunity for CrowdStrike to expand its market reach and build on its reputation as a leading cybersecurity provider.

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About CrowdStrike Holdings, Inc.

  • Ticker CRWD
  • Exchange NASDAQ
  • Sector Technology
  • Industry Software—Infrastructure
  • Shares Outstandng 214,834,000
  • Market Cap $60.7B
  • Description
  • CrowdStrike Holdings, Inc. provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud...
More about CRWD