Why Is CrowdStrike Stock Gaining Today?

CrowdStrike Holdings, Inc. CRWD shares are trading higher at the last check Tuesday.

BTIG analyst Gray Powell upgraded CrowdStrike from Neutral to Buy, with a $431 price target.

On Tuesday, the company disclosed the launch of its new Services Partner Program.

The program is designed to support global system integrators (GSIs), managed service providers (MSPs), and managed security service providers (MSSPs) in expanding the adoption of the CrowdStrike Falcon Next-Gen SIEM.

CrowdStrike’s Services Partner Program equips partners with training, incentives, and technical support to drive SIEM transformation.

The company offers exclusive certifications, service referrals, and performance-based rewards, enabling seamless deployment of Falcon Next-Gen SIEM while enhancing security and operational efficiency.

Prominent partners such as Deloitte, Echelon, eSentire, NETbuilder, and Wipro are leveraging Falcon Next-Gen SIEM to drive business growth and enhance security solutions.

Tom Etheridge, chief global services officer at CrowdStrike, said, “Our Services Partner Program enables partners to harness the full power of Falcon’s Next-Gen SIEM while applying their deep SIEM, security, compliance and operational expertise to drive better outcomes for both their customers and businesses.”

Yesterday, the company announced the launch of new Falcon Exposure Management innovations.

This is aimed at streamlining cybersecurity by replacing outdated vulnerability management systems and extending AI-powered risk prioritization to network assets.

Investors can gain exposure to the stock via TrueShares Technology, AI & Deep Learning ETFLRNZ and First Trust NASDAQ Cybersecurity ETF CIBR.

Price Action: CRWD shares are trading higher by 4.02% at $387.62 at the last check Tuesday.

Read Next:

• Cybersecurity Stocks Surge as $32B Deal Reshapes the Industry

Photo via Shutterstock.