At in Investor Briefing at Fal.Con, Crowdstrike announces New Target Model of Subscription gross margin at 82%-85% of revenue, up 400bps from prior target, operating margin at 28%-32% of revenue, up 900bps from prior target, and free cash flow margin of 34%-38% of revenue, up 500bps from prior target at midpoint.
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- Crowdstrike confirms deal to acquire Bionic
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- Crowdstrike price target raised to $200 from $175 at Citi
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