CrowdStrike Holdings Inc (NASDAQ:CRWD) on Wednesday announced a collaboration with Amazon Business Prime. Here’s what investors need to know.
What To Know: The cybersecurity firm is now offering its CrowdStrike Falcon Go on the Amazon Business Prime platform, providing enterprise-grade cybersecurity to small and medium-sized businesses.
This new offering, available to Business Prime members, gives them access to CrowdStrike’s AI-native protection at no cost. This move significantly expands CrowdStrike’s reach into the small and medium-sized business market, a sector that has historically been underserved in terms of cybersecurity.
The collaboration with Amazon is a significant step for CrowdStrike, as it removes financial and technical barriers for smaller businesses to access top-tier cybersecurity. This new sales channel is expected to be a major growth driver for the company, as it provides access to Amazon’s vast customer base.
This news comes as CrowdStrike's State of SMB Cybersecurity survey reveals that 89% of small businesses report that they lack the resources to effectively protect themselves against cybercrime.
Benzinga Edge Rankings: According to Benzinga Edge rankings, the stock shows a very strong Momentum score of 86.40 and a positive long-term price trend.
Price Action: According to data from Benzinga Pro, CRWD shares are trading higher by 1.44% to $429.60 Wednesday morning. The stock has a 52-week high of $517.98 and a 52-week low of $242.25.
Read Also: Jim Cramer Calls Fortinet The ‘Weakest’ Cybersecurity Stock, Favors These 2 Instead
How To Buy CRWD Stock
By now you're likely curious about how to participate in the market for CrowdStrike Holdings – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
Image: Shutterstock
