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Fly News Breaks for December 30, 2019
CRWD, ZS
Dec 30, 2019 | 07:20 EDT
Needham analyst Alex Henderson keeps his Buy rating and $92 price target on Crowdstrike (CRWD) but adds the stock to Needham Conviction List in favor of Zscaler (ZS) and calls it his "Single Best Idea in Security" heading into 2020. The analyst writes that the company's "technology, platform and efficacy" combine to create "one of the core platforms in Security" regardless of its customer strategy. Henderson adds that Crowdstrike offers the "right technology" to improve security for either legacy perimeter defense or for "emerging, zero-trust" cloud-direct security.
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