Crowdstrike Holdings Stock Price, News & Analysis

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.

CrowdStrike (Nasdaq: CRWD) and Dell Technologies (NYSE: DELL) have formed a new strategic alliance aimed at enhancing cybersecurity for organizations globally. The partnership focuses on providing seamless and cost-effective solutions to manage cyber threats across various business sizes. The CrowdStrike Falcon platform is now available with volume licensing tailored for medium to large enterprises and public sector organizations, allowing for consolidation of spending and improved compliance. This collaboration aims to make cyber defense easier and more efficient.

CrowdStrike (NASDAQ: CRWD) has been recognized as a Leader in the 2022 Gartner Magic Quadrant for Endpoint Protection Platforms for the third consecutive time. This acknowledgment highlights CrowdStrike's continued dominance in the cybersecurity market, driven by its innovative Falcon platform that encompasses endpoints, cloud security, identity protection, and data protection. With over 21,000 customers, CrowdStrike's pioneering work in Endpoint Detection and Response (EDR) is now expanding into eXtended Detection and Response (XDR), enhancing threat detection across various domains.

CrowdStrike Holdings, Inc. (Nasdaq: CRWD) will present at the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2023, at 9:10 a.m. PST in San Francisco. CEO George Kurtz and CFO Burt Podbere will lead the presentation, which will be available as a live webcast on CrowdStrike's investor relations website. CrowdStrike is a leading cybersecurity provider, offering cloud-based protection for endpoints, cloud workloads, and identities through its advanced Falcon® platform. The platform enhances security with rapid deployment and superior performance, ensuring efficient protection across various markets.

CrowdStrike (CRWD) has released its 2023 Global Threat Report, highlighting significant trends in cybersecurity threats. The report identifies a 71% increase in malware-free attacks and notes a 112% rise in access broker ads on the dark web. Notably, cloud exploitation incidents surged 95%, with 'cloud-conscious' threat actors tripling in number.

Additionally, 33 new adversaries were identified, marking the highest increase in a year. The average breakout time for eCrime actors is now 84 minutes, down from 98 minutes in 2021. The report underscores escalating risks, particularly from China and eCrime groups.

CrowdStrike (NASDAQ: CRWD) has been recognized as the leader in the endpoint security market by IDC, marking the third consecutive year it secured the top position in their Worldwide Modern Endpoint Security Market Shares report. The report highlighted CrowdStrike's significant increases in endpoint revenue and market share compared to 25 other vendors. Additionally, the company received the 2023 SE Labs Award for Best EDR for the third time, showcasing its commitment to innovation in cybersecurity solutions. With over 21,000 customers relying on its Falcon platform, CrowdStrike aims to streamline security operations in a growing threat landscape.