31, which beat Wall Street analyst estimates on both revenue and profits. Last week, CrowdStrike reported results for the fourth quarter of its fiscal 2023, ended Jan. software equity research at Citi, researched the potential exposure for CrowdStrike in the SVB failure and reportedly determined it “doesn’t seem all that concerning.” On Friday, CrowdStrike updated its Investor FAQs page to disclose that the revolving credit line “remains undrawn and we do not foresee a need to access this facility.” CRN has reached out to CrowdStrike.įatima Boolani, co-head for U.S. Prior to the collapse of SVB Friday, CrowdStrike had a revolving credit line of up to $750 million with SVB since January 2021.
Shares in Austin, Texas-based CrowdStrike closed at $121.41 in regular trading Monday, up 1.4 percent for the day. CrowdStrike’s stock price climbed Monday as Wall Street and investors showed they aren’t worried over the cybersecurity giant’s ties to now-defunct Silicon Valley Bank (SVB).
0 kommentar(er)
