WestPark starts Crowdstrike at Hold on lengthening sales cycle

WestPark Capital analyst Casey Ryan initiated coverage of Crowdstrike with a Hold rating and no price target. The analyst believes Crowdstrike is not immune to the industry-wide increase in sales cycles and slowdown in the decision making processes from corporate customers. The company can be a long-term winner, but these challenges will impact its January quarter, the analyst tells investors in a research note.