CrowdStrike just announced two big partnerships: find out more

CrowdStrike Holdings Inc (NASDAQ: CRWD) opened about 4.0% up on Friday after announcing two new partnership – one with Cloudflare Inc (NYSE: NET) and the other with eSentire.

Details of CrowdStrike-Cloudflare partnership

The cybersecurity firm teamed up with $NET this morning to secure networks and power the AI-native SOC.

Together, the two cybersecurity firms will offer a streamlined solution aimed at lowering costs and minimising operational complexity for customers. Daniel Bernard – the chief business officer of CrowdStrike said in a press release today:

The news arrives only days before $CRWD is scheduled to report its financial results for the first quarter. Consensus is for it to earn 21 cents a share versus only 3 cents per share a year ago.

Ahead of its earnings report, CrowdStrike stock is up roughly 30% versus the start of 2024. It does not, however, pay a dividend at writing.

Details of CrowdStrike-eSentire partnership

CrowdStrike stock is pushing to the upside at writing also because the cybersecurity firm teamed up with eSentire last night. The announced partnership will see $CRWD’s Falcon power the managed detection and response capabilities of eSentire.

CrowdStrike is convinced that working with the MDR provider will offer enhanced protection, better intelligence, and value for money to the customers. Kerry Bailey – the chief executive officer of eSentire said in a press release today:

Earlier this week, famed investor Jim Cramer agreed that investors have turned downbeat on enterprise software but said $CRWD was the “one company that seems to be immune” to all the negativity.

The Mad Money host expects CrowdStrike to report encouraging results next week as it has ever since it went public. “This company is the last remaining domino, and I don’t think that domino is going to fall”, he added.