Key facts
- Berenberg downgraded CrowdStrike to a hold rating.
- The downgrade was made despite a strong outlook for the company.
- The decision followed a review of CrowdStrike's prospects.
Berenberg has downgraded its rating on CrowdStrike to 'hold'. The firm cited concerns about the cybersecurity company, even while acknowledging its strong outlook. This downgrade comes after Berenberg conducted a review of CrowdStrike's future prospects. The specific concerns driving the downgrade were not detailed, nor was the 'strong outlook' elaborated upon.