CrowdStrike

Evidence of pricing power includes stable ~80 percent subscription gross margins, sustained multi‑module expansion and Flex‑driven consolidation deals. However, post‑outage customer‑commitment incentives and cash payments indicate near‑term price and revenue concessions.

Competition from Microsoft bundling and Palo Alto’s platformization keeps list‑price hikes in check. We see pricing leverage via cross‑sell and platform breadth rather than unit price increases.