CrowdStrike names Brad Burns as new chief communications officer

AUSTIN - CrowdStrike Holdings, Inc. (NASDAQ: CRWD), a $107 billion market cap leader in cloud-delivered endpoint and workload protection, has appointed Brad Burns as its new Chief Communications Officer (CCO). According to InvestingPro data, the company’s stock is trading near its 52-week high of $455.59, reflecting strong market confidence in its growth trajectory. Announced today, Burns will be responsible for steering the global communications strategy of the company as it continues to expand and innovate in the cybersecurity sector.

Burns brings with him a wealth of experience, having previously held the position of CCO at Snowflake and Salesforce, as well as senior roles at AT&T Communications. His expertise in crafting market narratives and driving growth will be instrumental in enhancing CrowdStrike’s reputation as a premier cybersecurity platform, particularly as the industry grapples with the increasing use of AI by cyber adversaries.

CEO and founder of CrowdStrike, George Kurtz, emphasized the critical role of effective communication in the battle against modern threats and expressed confidence in Burns’ ability to amplify the company’s impact during this significant period of growth.

Burns’ appointment comes at a time when cybersecurity is more crucial than ever for businesses worldwide, with CrowdStrike at the forefront of providing AI-powered security solutions. The company’s Falcon platform is recognized for its advanced cloud-native capabilities, offering real-time indicators of attack and threat intelligence to prevent breaches.

In his statement, Burns acknowledged the importance of cybersecurity in the growth and operation of modern businesses and expressed enthusiasm for joining CrowdStrike’s mission to define the future of AI-powered security.

This strategic move is expected to further strengthen CrowdStrike’s position as an authoritative voice in cybersecurity, as well as enhance its engagement with government entities in shaping global cybersecurity policies. InvestingPro analysis indicates strong future prospects, with analysts expecting profitability this year. For deeper insights into CrowdStrike’s financial health and growth potential, including 13 additional ProTips and comprehensive valuation metrics, check out the detailed Pro Research Report available on InvestingPro.

The information in this article is based on a press release statement from CrowdStrike.

In other recent news, CrowdStrike Holdings has been under scrutiny due to an investigation by U.S. prosecutors and regulators into a $32 million transaction with Carahsoft Technology Corp. This deal involved cybersecurity software supposedly supplied to the IRS, despite the IRS not purchasing or receiving the products, raising questions about internal awareness and compliance. Meanwhile, Mizuho Securities has maintained its Outperform rating on CrowdStrike, increasing the price target to $425, following the company’s announcement of a 5% workforce reduction aimed at streamlining operations. Despite the layoffs, CrowdStrike reaffirmed its financial outlook, expecting first-quarter results to meet or exceed prior guidance.

Furthermore, CrowdStrike has expanded its partnership with ExtraHop to address shadow AI risks, enhancing cybersecurity measures against unauthorized AI usage. The collaboration aims to provide real-time visibility and automated responses to unauthorized AI activities, improving security operations. Additionally, Cantor Fitzgerald has maintained an Overweight rating on CrowdStrike with a $440 price target, following the company’s introduction of Falcon Privileged Access, which enhances its identity security solutions. These developments highlight CrowdStrike’s strategic focus on strengthening its cybersecurity offerings and maintaining a competitive edge in the market.

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