What's Going On With CrowdStrike Stock On Wednesday?

CrowdStrike Holdings, Inc. CRWD shares are trading slightly higher on Wednesday.

Today, the company revealed that its CrowdStrike Falcon platform has achieved Federal Risk and Authorization Management Program, or FedRAMP High Authorization.

This is FedRAMP’s most rigorous security compliance standard, making the Falcon platform available to U.S. federal agencies, public sector organizations, the Defense Industrial Base, and critical infrastructure entities.

The designation allows these entities to utilize the Falcon platform to secure mission-critical systems and data against escalating cyber threats from nation-state actors and cybercriminals.

With FedRAMP High Authorization, CrowdStrike provides AI-driven security that simplifies operations, strengthens cyber resilience, and helps organizations stay ahead of evolving threats.

Also Read: NTT DATA Taps CrowdStrike’s AI To Strengthen Managed Cybersecurity Services

Michael Sentonas, President of CrowdStrike, emphasized that the platform’s integration of endpoint, identity, data, and cloud workload protection simplifies security while ensuring compliance with the highest federal standards.

With this authorization, CrowdStrike’s platform helps federal and public sector organizations streamline compliance, reduce costs, and eliminate redundant tools, fortifying critical systems against cyber threats.

According to Benzinga Pro, CRWD stock has gained over 14% in the past year. Investors can gain exposure to the stock via TrueShares Technology, AI & Deep Learning ETFLRNZ.

In other news, CrowdStrike announced new AI-driven cybersecurity innovations using NVIDIA AI software, doubling detection triage speed while cutting compute resource usage by 50%.

This collaboration enhances automation, real-time decision-making, and precision, setting a new standard for AI-powered security.

Price Action: CRWD shares are trading higher by 0.96% to $366.64 at last check Wednesday.

Read Next: