Crowdstrike Holdings Stock Price, News & Analysis

CrowdStrike has launched the first-ever EDR/XDR solution that provides visibility and threat detection for ChromeOS devices without requiring a Mobile Device Management system. This innovative platform, named CrowdStrike Falcon Insight XDR, emerged from a collaboration with Google and is part of the company's broader Falcon suite, which also secures Linux, macOS, and Windows devices. The integration eliminates visibility gaps with direct telemetry from Google, simplifying management and enhancing incident response capabilities. With 16% of North American organizations utilizing Chromebooks, CrowdStrike aims to address the growing security needs in this area. The ChromeOS integration will be available by June 2023.

CrowdStrike (NASDAQ: CRWD) has launched CrowdStream, a new native platform capability designed to enhance data integration and management within the CrowdStrike Falcon platform. Available at no additional cost for the first 10GB of streaming data, CrowdStream simplifies connecting data from various IT and security sources, addressing challenges in log management and AI-based analytics. The technology offers significant cost savings, exemplified by a recent case where a financial institution saved $5 million over three years by using CrowdStrike Falcon LogScale. CrowdStream is set for general availability by June 2023, promising to improve data visibility and response against sophisticated cyber threats.

CrowdStrike (NASDAQ: CRWD) has launched the CrowdStrike Falcon Complete XDR, a new Managed eXtended Detection and Response (MXDR) service, designed to enhance its existing expertise in the managed detection and response (MDR) market. This service aims to bridge the cybersecurity skills gap faced by many organizations, with 47% citing inadequate security operation skills, according to an ESG report. The new offering integrates human expertise with AI-driven automation and threat intelligence to provide comprehensive security across diverse attack surfaces. CrowdStrike collaborates with numerous partners to deliver MXDR services, forming an ecosystem that enhances the user experience and enables organizations of all sizes to efficiently manage security threats. Recent reports indicate that CrowdStrike leads the MDR market, boasting a 99% detection rate in MITRE evaluations.

CrowdStrike (NASDAQ: CRWD) has launched the CrowdStrike Falcon Insight for IoT, the first EDR/XDR solution specifically for Extended Internet of Things (XIoT) assets. This innovation offers integrated protection, detection, and response capabilities across IoT, operational technology (OT), and connected devices. The solution enhances security by utilizing asset-specific context, improving threat detection tailored to device types and operational requirements. It also ensures streamlined deployment and compatibility with critical infrastructure. According to Gartner, as organizations converge IT and OT security, CrowdStrike aims to address the complexities and threats faced in these environments, providing a comprehensive platform for cybersecurity.

CrowdStrike (NASDAQ: CRWD) has announced a strategic investment in Abnormal Security, a leader in AI-based email security. This investment aims to enhance protection against sophisticated cyber attacks. In conjunction with the investment, both companies will integrate their platforms to improve email and endpoint attack detection, automate account remediation, and deliver an XDR-driven solution. This partnership is expected to strengthen the cybersecurity offerings for customers, allowing faster detection and response to complex threats. The CrowdStrike Falcon Fund, the largest corporate venture arm in the cybersecurity sector, facilitated this investment.

CrowdStrike (Nasdaq: CRWD) has announced its upcoming CrowdStrike Government Summit to be held on April 11 in Washington, DC, featuring keynotes from top cybersecurity officials including CISA Director Jen Easterly and NSA’s Rob Joyce. The summit aims to unite decision-makers across various sectors to address advanced cybersecurity threats through discussions and panels. Topics include strategies for enhancing security, the role of Congress in national defense, and innovations in public sector cybersecurity. This event underscores CrowdStrike’s leadership and commitment to protecting critical infrastructures.

CrowdStrike Holdings (CRWD) will host a virtual investor briefing on April 4, 2023, at 1:00 p.m. Pacific Daylight Time. Key presenters include George Kurtz, CEO, Burt Podbere, CFO, and Mike Sentonas, President. The briefing aims to provide insights into the company’s performance and future strategies. Investors can access a live webcast and replay via the investor relations section of CrowdStrike's website.

CrowdStrike is a leader in cybersecurity, offering cloud-delivered protection through its Falcon platform, which enhances security for endpoints and cloud workloads.

CrowdStrike reported a record fourth quarter for fiscal year 2023, achieving total revenue of $637.4 million, a 48% increase from the previous year. Annual Recurring Revenue (ARR) reached $2.56 billion, with a net new ARR of $222 million. Operating cash flow hit a record $273 million, while free cash flow was $209 million. However, GAAP net loss attributable to CrowdStrike was $47.5 million, compared to $42 million in Q4 fiscal 2022. For FY24, the company forecasts total revenue between $2.95 billion and $3.01 billion.