Nearly half of enterprise endpoint security systems still need upgrading! CrowdStrike (CRWD.US) aims for market share expansion; BNP Paribas says its long-term growth target may be conservative.

Zhito Finance APP has learned that cybersecurity company CrowdStrike (CRWD.US) believes it still has significant room for share expansion in the endpoint detection and response (EDR) market as enterprises gradually phase out traditional security systems. After a recent conference call with CrowdStrike's investor relations executives, BNP Paribas stated that the company's long-term growth opportunities remain substantial and that CrowdStrike's fiscal 2030 and fiscal 2035 annual recurring revenue (ARR) targets may even be conservative. CrowdStrike did not adjust its existing financial guidance this time. In early trading on Monday, the stock rose about 1% at one point.