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CRWD to Acquire Seraphic: Is Browser Security the Next Growth Engine?

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Key Takeaways

  • CRWD agreed to acquire Seraphic to extend Falcon protection from endpoints into browser sessions.
  • The deal adds in-browser security across major browsers without forcing users onto a custom browser.
  • CRWD expects the deal to close in Q1 FY27, with browser security eyed as a long-term growth driver.

CrowdStrike (CRWD - Free Report) recently signed a definitive agreement to acquire Seraphic Security to expand its protection to secure web browsers. Nowadays, AI agents are starting to operate inside browser sessions, which increases security risk. To address this risk, CrowdStrike plans to integrate Seraphic’s ability to secure what happens inside the browser, where most work is now done.

Seraphic is a browser runtime security company. Its technology adds protection directly inside the browser session. It can work across common browsers like Chrome, Edge, Safari, and Firefox. This enables CrowdStrike to allow its users to use their preferred browser, instead of forcing them to switch to a special enterprise browser, and eliminates the need of relying only on network routing, which can add delays.

For CrowdStrike, the acquisition helps extend the Falcon platform from endpoint protection into browser security. CrowdStrike plans to combine Seraphic’s in-session browser visibility with Falcon’s endpoint telemetry and threat intelligence and SGNL’s continuous identity authorization, creating security from the endpoint to the browser to the cloud. This supports CrowdStrike’s goal of reducing standing privileges and applying security decisions continuously, not only at login.

CrowdStrike highlighted several use cases it wants to address, such as preventing data theft during browser sessions, stopping phishing and session hijacking, and improving web-based data loss prevention. This is where CrowdStrike aims to use Seraphic's ability to secure unmanaged devices and third-party access to protect browser sessions without requiring a full endpoint agent.

The deal is expected to close in the first quarter of fiscal 2027. If CrowdStrike's acquisition of Seraphic goes as planned and customers adopt browser security at scale, browser security could become a meaningful growth driver over time. The Zacks Consensus Estimate for both fiscal 2026 and 2027 revenues indicates a year-over-year increase of around 21%.

How Competitors Fare Against CRWD

Palo Alto Networks (PANW - Free Report) and Okta Inc. (OKTA - Free Report) are key players competing with CrowdStrike, which are also focusing on acquisitions for platform expansion and AI innovation.

In November 2025, Palo Alto Networks agreed to buy Chronosphere for $3.35 billion. The deal helps Palo Alto Networks enter the observability market and strengthen Palo Alto Networks’ ability to support companies that run large cloud and AI workloads.

Okta completed its acquisition of Axiom Security in September 2025. Through this acquisition, Okta has added new tools for privileged access management, helping customers control who can reach sensitive cloud, SaaS and database systems.

CRWD’s Price Performance, Valuation and Estimates

Shares of CrowdStrike have lost 4.8% in the past three months compared with the Zacks Security industry’s decline of 7.2%.

CRWD 3-Month Price Return Performance

Zacks Investment Research
Image Source: Zacks Investment Research

From a valuation standpoint, CrowdStrike trades at a forward price-to-sales ratio of 20.40, way higher than the industry’s average of 12.65.

CRWD Forward 12-Month P/S Ratio

Zacks Investment Research
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for CrowdStrike’s fiscal 2026 earnings implies a year-over-year decline of 5.6%, while the same for fiscal 2027 earnings indicates year-over-year growth of 28.7%. The estimates for fiscal 2026 and 2027 have been revised upward by 4 cents and 3 cents, respectively, over the past 60 days.

Zacks Investment Research
Image Source: Zacks Investment Research

CrowdStrike currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.


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