Street Calls of the Week
AUSTIN, Texas - CrowdStrike (NASDAQ:CRWD), the $122.58 billion cybersecurity powerhouse that has delivered a remarkable 74% return to investors over the past year, announced Tuesday the appointment of Amjad Hussain as chief resilience officer, a new position focused on advancing operational excellence and reliability across the cybersecurity company’s platform and business operations.
Hussain, who will report directly to CEO and founder George Kurtz, joins CrowdStrike with more than 25 years of experience in engineering and operational leadership at major technology companies. He most recently served as chief technology officer at Vanilla and previously held director and general manager positions at Amazon Web Services (AWS), where he managed products including AWS CloudFormation and Amazon EC2. According to InvestingPro data, CrowdStrike maintains a strong financial health score and operates with a comfortable liquidity position, with current assets nearly double its short-term obligations.
Prior to AWS, Hussain worked in engineering leadership roles at Microsoft across Azure, Windows Server, and Bing platforms.
In his new role, Hussain will focus on embedding resilience principles throughout CrowdStrike’s technology and operations while working with the broader cybersecurity industry to establish new resilience standards and best practices.
"What defines CrowdStrike is how we execute relentlessly, transparently, and with resilience at the core," said Kurtz in the company’s press release announcing the appointment.
The creation of this position comes as CrowdStrike continues to expand its AI-powered security offerings. The company, which provides cloud-native cybersecurity solutions for protecting endpoints, cloud workloads, identity and data, emphasized that Hussain’s appointment will support its commitment to performance and reliability. The company’s focus on growth is reflected in its impressive 23.46% year-over-year revenue increase and strong market momentum, with the stock currently trading near its 52-week high. For detailed analysis and additional insights, investors can access the comprehensive CrowdStrike research report on InvestingPro, which covers over 1,400 top US stocks.
CrowdStrike’s announcement follows several months after the company experienced a significant service disruption in July that affected Windows systems globally, highlighting the critical importance of operational resilience in cybersecurity services.
In other recent news, CrowdStrike Holdings has been the focus of several analyst updates and corporate developments. UBS has increased its price target for CrowdStrike to $580 from $500, maintaining a Buy rating, citing positive financial updates and enhanced customer engagement with the Falcon platform. Similarly, Citizens JMP has raised its price target to $550 from $500, continuing with a Market Outperform rating, reflecting a 23.5x CY26E EV/revenue multiple. Rosenblatt Securities also increased its price target to $550 from $490, with a Buy rating, highlighting a projected 21% year-over-year growth for CrowdStrike.
Additionally, Bernstein reiterated a Market Perform rating with a $343 price target following the company’s recent Fal.Con event. In corporate developments, KPMG announced plans to integrate CrowdStrike’s Falcon Next-Gen SIEM into its cybersecurity services. This integration will allow KPMG to offer new advisory, implementation, and managed services, enhancing their security operations capabilities. These updates reflect the ongoing interest and developments surrounding CrowdStrike’s financial and strategic positioning in the market.
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