Cybersecurity provider CrowdStrike (CRWD) has achieved a perfect score in the 2024 SE Labs Enterprise Advanced Security (EDR) Ransomware Test. Following the news, CRWD stock gained 9.4% in yesterday’s regular trading session and hit a new 52-week high of $411.30.
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The SE Labs test, which simulates real-world attack scenarios, evaluated the Falcon platform against 443 ransomware samples. Importantly, this achievement marks the third consecutive year that CRWD has received the AAA Award from SE Labs.
In the latest test, the company’s Falcon platform showed strong performance, offering clear visibility into the attack lifecycle and providing useful insights into network breaches. Additionally, CrowdStrike’s platform effectively detected and blocked all tested ransomware threats, including both known and previously unknown (zero-day) variants.
DeepSeek’s Cyberattack News Turns Positive for CRWD
Apart from the impressive performance in the ransomware test, investor sentiment for CRWD stock was also lifted following the news of a cyberattack on the Chinese AI startup, DeepSeek. On Monday, DeepSeek’s AI assistant experienced large-scale malicious attacks on its services.
This incident raised investor awareness of the growing cybersecurity threats, particularly in the rapidly evolving AI landscape.
CRWD to Benefit from Growing Cybersecurity Market
The perfect test score keeps CrowdStrike well poised to benefit from the growing cybersecurity market.
According to a market research provider, Fortune Business Insights, the global cybersecurity market is expected to grow from $193.73 billion in 2024 to $562.72 billion by 2032, reflecting a CAGR of 14.3%. In the U.S., the cybersecurity market is projected to reach $166.73 billion by 2032, driven by the increase in e-commerce platforms.
Is CrowdStrike a Buy or Sell?
Turning to Wall Street, CrowdStrike stock has a Strong Buy consensus rating based on 29 Buys and four Holds assigned in the last three months. At $395.03, the average CrowdStrike price target implies 3.34% downside potential. Shares of the company have gained 57.91% in the past six months.
