What's Going On With CrowdStrike Stock Today?

CrowdStrike Holdings Inc CRWD shares are trading higher Monday. The cybersecurity company announced a new partnership with Dell Technologies Inc DELL and is seeing positive analyst coverage ahead of earnings.

What Happened: CrowdStrike and Dell announced a new strategic alliance to help organizations of all sizes prevent, detect and respond to cyber threats with frictionless, cost-effective offerings. 

CrowdStrike's platform will also be available across a broad set of Dell products in the coming months, including Dell commercial PCs.

"The CrowdStrike and Dell collaboration provides significant market access, expediting consolidation from legacy and point products to cybersecurity's leading modern platform. Together, Dell and CrowdStrike make cyber defense frictionless, automated and cost effective – all while delivering on our mission of stopping breaches," said Daniel Bernard, chief business officer of CrowdStrike.

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What Else: Needham analyst Alex Henderson reiterated CrowdStrike with a Buy and maintained a price target of $165 ahead of the company's fourth-quarter results, which are due after the close on Tuesday. 

CrowdStrike is expected to report quarterly earnings of 43 cents per share on revenue of $624.95 million, according to Benzinga Pro.

CRWD Price Action: CrowdStrike has a 52-week high of $242 and a 52-week low of $92.25.

The stock was up 4.41% at $131.60 at the time of writing, according to Benzinga Pro.

Photo: courtesy of CrowdStrike.