Crowdstrike Holdings Stock Price, News & Analysis

CrowdStrike (Nasdaq: CRWD) has been recognized as a Leader in Frost & Sullivan's 2022 Frost Radar for Global Cyber Threat Intelligence. The report highlights that CrowdStrike's market share exceeds 15% with impressive growth rates. Leveraging the CrowdStrike Falcon platform, the company offers automated, actionable intelligence, visibility into threats, and insights into emerging campaigns. This recognition underlines CrowdStrike's commitment to innovation and its unique position in the cybersecurity market.

CrowdStrike (Nasdaq: CRWD) announced the launch of CrowdStrike Falcon Surface, enhancing its Falcon platform with External Attack Surface Management (EASM) capabilities. This module offers real-time discovery of internet exposures by leveraging robust adversary intelligence. It aims to provide organizations with continuous visibility of external risks, tailored insights, and actionable remediation steps. The integration of EASM with existing CrowdStrike products is expected to drive cost efficiencies and improve overall security posture, marking a significant advancement in external attack surface management.

CrowdStrike has been recognized as the top provider for endpoint security by G2, PeerSpot, and TrustRadius. The company's Falcon platform excelled in Endpoint Detection and Response (EDR), Endpoint Protection Platform (EPP), and eXtended Detection and Response (XDR) categories. Notably, CrowdStrike ranked #1 on G2 in multiple segments and received numerous accolades including the 2022 PeerSpot Gold PeerAward in both EDR and EPP categories.

CrowdStrike Holdings (Nasdaq: CRWD), a leader in cybersecurity, will present at the Barclays Global Technology, Media & Telecommunications Conference in San Francisco on December 8, 2022, at 11:35 a.m. PST. George Kurtz, CEO, and Burt Podbere, CFO, will represent the company. The presentation will be available via live webcast on the company’s investor relations website. CrowdStrike is known for its innovative Falcon platform, providing advanced cloud-based security for endpoints and cloud workloads.

CrowdStrike Holdings reported a 53% year-over-year revenue increase, reaching $580.9 million, with a subscription revenue of $547.4 million. Annual Recurring Revenue (ARR) rose 54% to $2.34 billion. The company achieved record cash flows: $243 million from operations and $174 million in free cash flow. Despite strong results, total net new ARR fell below expectations due to macroeconomic challenges. The firm anticipates Q4 FY23 revenue between $619.1 and $628.2 million.

CrowdStrike (CRWD) has been recognized as a Leader in Frost & Sullivan’s inaugural Frost Radar report for Cloud-Native Application Protection Platform (CNAPP). The report highlights CrowdStrike as one of the fastest-growing cloud security vendors. Its CNAPP solution, which combines agent-based and agentless capabilities, ensures organizations can effectively detect and prevent cloud misconfigurations. Additionally, CrowdStrike's managed service offerings, including Falcon OverWatch Cloud Threat Hunting, contribute to its competitive edge. This recognition validates the company's growth strategy in the cloud security sector.

CrowdStrike, a leader in cloud-delivered cybersecurity, has been recognized as a winner of the 2022 CRN Tech Innovator Awards for its Cloud Native Application Protection Platform (CNAPP). This recognition highlights CrowdStrike's agent-based and agentless solutions for comprehensive cloud security, providing improved visibility, compliance, and threat intelligence. The awards celebrate technology vendors making significant impacts in digital transformation, underlining the importance of innovative products in the IT space.

CrowdStrike (NASDAQ: CRWD) announced its impressive performance in the inaugural MITRE Engenuity ATT&CK Evaluations, achieving 99% detection coverage of adversary behavior from 16 evaluated vendors. The CrowdStrike Falcon platform identified 75 out of 76 adversary techniques related to the Iranian government-aligned group, OilRig. The evaluation showcased the platform's Managed Detection and Response service, which provides rapid identification and response capabilities. The results reaffirm CrowdStrike's leadership in EDR/XDR solutions, emphasizing its effectiveness and ease of use for organizations globally.

CrowdStrike Holdings, Inc. (CRWD) will release its fiscal Q3 2023 financial results on November 29, 2022, after market close. A conference call will follow at 2:00 PM PT (5:00 PM ET) to discuss the results. Investors can pre-register for the call online to receive dial-in information. The company, a leader in cybersecurity, specializes in cloud-delivered endpoint protection powered by its Falcon platform. More information is available on the CrowdStrike investor relations website.